Property profile

15600 Grand Riv Ave Detroit, MI 48227

OFF-MARKET
Office buildings
Property ID
US43-1823597
1,856 SF 0.14 ac lot Built 1967
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a multi-parcel, multi-structure commercial property ideally suited for diverse uses, including daycare, medical offices, or traditional office spaces. Located in Detroit, Michigan, at 15600 Grand River Ave, 48227, this property boasts a total of 4,276 square feet across two buildings situated on a 22,525 square foot lot. The property features 30 secured gated parking spaces and a comprehensive security system. Zoned B4, it benefits from fully functional utilities, HVAC, and a recently updated roofing system. The property's prime location offers easy access to I-96 and M-39, within the vibrant Grand River/Greenfield Corridor, near established national retailers. A welcoming foyer provides excellent views of Grand River Avenue. Parcel 1 (15600 Grand River) encompasses a 1,856 square foot building on a 5,893 square foot parcel. Parcel 2 (15616 Grand River) includes a 2,420 square foot building on a 2,748 square foot parcel. Parcel 3 (14563 Winthrop) provides 13,884 square feet of fenced and secured parking. All measurements are approximate. The asking price is $225,000. This "move-in" ready property offers significant potential for immediate return on investment.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1967
Total area 1,856 SF
Lot 0.14 ac (6,098 SF)
Zoning code B4
APN 22008278.
UPID US43-1823597

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Shopping Center & Mall (Bike/Boat/Book/etc) Store
  • Charitable Organization Social Service Agency

Location

15600 Grand Riv Ave Detroit, MI 48227-2225
Detroit metro Census 542300 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$225k

Owner & transaction history

since 2025
1 recorded transaction
2025
$200,000

Zoning & alternative use

B4 · Detroit, MI
Zoning description

), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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