17000 Kercheval Ave, Grosse Pointe, MI 48230-1570

This exceptional 78,058-square-foot shopping center, located at 17000 Kercheval Ave in Grosse Pointe, Michigan, presents a compelling investment opportunity. Boasting a 97.69% occupancy rate and a strong net operating income (NOI) of $1,512,015, this grocery-anchored center features a diverse mix of 19 tenants including prominent names such as Starbucks, Trader Joe's, Pet Supplies Plus, Ann Taylor Loft, Beaumont, Nothing Bundt Cakes, and Great Clips. The property, situated on a 1.05-acre lot, comprises a single, two-story building constructed in phases between the 1920s and 1960s, undergoing a complete renovation in 2008. Its C-2 zoning allows for a variety of retail uses. The center benefits from recent leasing activity and renewals, ensuring a stable and predictable income stream. Its prime location in downtown Grosse Pointe, within Wayne County, and strong surrounding demographics contribute to its exceptional performance and long-term potential. The address is 17000 Kercheval Ave, Grosse Pointe, MI 48230. This is a rare opportunity to acquire a well-established, high-performing retail property in a desirable Michigan market.