16360 Grand Riv Ave Detroit, MI 48227-1826

Property Details for 16360 Grand Riv Ave

Year built

1953

Lot size

0.19 lot acres

Property size

1,568 SF

Zone code

B4

Property type

Individual retail properties

APN

22008216-7

APU

220082167

Description

This 1,568 square foot mixed-use building, located at 16360 Grand River Ave in Detroit, Michigan, presents a unique investment opportunity. Priced at $70,000 ($44.64/sq ft), this distressed property offers significant potential. Built in 1956, the single-story structure has been completely gutted, providing a blank canvas for a variety of commercial uses. The property is zoned for convenience store, storefront, and traditional office uses, offering flexibility for potential buyers. Situated in the desirable Grandmont/Rosedale corridor, the building benefits from high visibility and substantial daily traffic flow due to its corner location. This prime location offers excellent exposure for any business. The property is privately owned and ready for immediate redevelopment. The building's existing infrastructure provides a solid foundation for a new tenant build-out, minimizing initial construction costs. This is an exceptional opportunity to acquire a well-positioned property in a growing Detroit neighborhood at a significantly discounted price. The sale is a distressed sale, offering a potentially lucrative return on investment for the right buyer. Wayne County, MI zip code 48227.