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15629 Warren Ave Detroit, MI 48228-3733

OFF-MARKET Retail space Google Maps
2,780 SF 0.14 ac lot Built 1981
Entity Owned 15-yr Hold Free & Clear
Estimated value (blended)
$305k
Range $275k – $336k (±10%)
Property ID US43-0349788

Property summary

AI-generated overview

This exceptional Detroit storefront, located at 15629 W Warren Ave, presents a lucrative investment opportunity. The property boasts a total of 4,150 square feet of net rentable space, spread across two units within a two-story building. Completely renovated in 2020, this retail space is ideally situated near the Warren/Greenfield, Dearborn border, offering excellent visibility and accessibility. The asking price is $575,000, translating to $138.55 per square foot. Ample parking is available on an adjacent lot and an additional lot behind the building on Montrose Street, both included in the sale. The property sits on three lots, providing significant potential for future expansion or development. The building is equipped with modern security features including a camera system, a phone system, and a standby generator, ensuring operational efficiency and peace of mind. This versatile space is suitable for a variety of retail uses and includes a second-floor apartment, adding to its overall value and potential income streams. This turnkey operation is ready for immediate occupancy and presents a rare opportunity to acquire a well-maintained, high-traffic retail property in a desirable Detroit location. The property is offered for sale as a 100% ownership opportunity.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1981
Total area 2,780 SF
Lot 0.14 ac (6,098 SF)
Zoning code B4
APN 22000055-7
UPID US43-0349788

Cap rate & NOI

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

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
$305k

Owner & transaction history

since 2011
2 recorded transactions
2025
Price N/A
2011
Price N/A

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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