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29647228
29647214

9008 Grand River Ave, Detroit, MI 48204

DJ
MI MI 6501320577
P.A. Commercial Corporate & Investment Real Estate
PJ
MI 6501459431
P.A. Commercial Corporate & Investment Real Estate
Listed by P.A. Commercial Corporate & Investment Real Estate
$750,000
115 days on market
Updated 41 days ago

9008 Grand River Ave

Details
APN 16017319.
Property Type Mixed Use, Special Purpose
Square Footage 19,025
Cap Rate 13.60%
Price per SqFt $39
Class B
Year Built 1927
Year Renovated 2024
Buildings 1
Stories 1
Acreage 0.320
Zoning B4
Investment Type Value Add
Ground Lease No

Mixed Use | 13.60% CAP | 19,025 SqFt

Marketing description

Unlock a rare opportunity to own a cornerstone asset along one of Detroit’s most dynamic corridors. Spanning 19,025 SF this architecturally significant mixed-use property —originally constructed as a historic S.S. Kresge Department Store—seamlessly blends legacy character with modern income-producing potential.

Positioned along the rapidly revitalizing Grand River Avenue, the property is an attractive option for value-add investors, adaptive-reuse specialists, and owner-operators seeking both immediate income and long-term appreciation. Enhancing the offering is an additional ±0.05-acre parcel directly across the street, providing valuable supplemental parking—an increasingly rare asset in urban Detroit that strengthens the property’s usability and tenant appeal.

The building features a large ground-floor banquet and event hall, ideal for private events, corporate gatherings, performances, or community programming, complemented by flexible second-floor office suites well-suited for creative studios, coworking concepts, professional services, or boutique headquarters. The layout allows for multiple income streams and the potential to reposition or re-tenant based on market demand.

With its scale, historical significance, flexible configuration, and location within a high growth corridor, 9008 Grand River Ave presents a compelling opportunity to acquire a truly differentiated asset in one of Detroit’s most promising neighborhoods.

Located primarily within Wayne County, the 48204 ZIP code encompasses established neighborhoods such as BartonMcFarland, Russell Woods, Nardin Park, and the Oakman Boulevard Community. This area presents a compelling strategic advantage for commercial real estate investors, functioning as a transitional “buffer” market between residential neighborhoods and Detroit’s heavier industrial corridors.

Historically lower entry pricing relative to Downtown and Midtown Detroit has positioned the area as an attractive target for value-oriented investors seeking early-stage appreciation, while still benefiting from strong arterial access and regional connectivity.

The location is further strengthened by its proximity to the Gordie Howe International Bridge, scheduled to open in early 2026. Once operational, this landmark international crossing is expected to significantly enhance cross-border trade, logistics efficiency, and economic activity between Detroit and Windsor—driving increased demand for nearby commercial, industrial, and mixed-use assets.

Investment highlights

  • 19,025 SF Event Center/Office Property in Grand River Corridor
  • Multi-Purpose Configuration Allows for Multiple Revenue Streams
  • Additional ±0.05-Acre Parking Parcel Included
  • Adaptive Reuse & Repositioning Potential
  • Iconic Architecture - Former S.S. Kresge Department Store
  • Near Tech Town, Wayne State University, and the University of Michigan Center for Innovation
  • Minutes from Core City and Boston Edison

Listing Contacts

DJ
MI MI 6501320577
P.A. Commercial Corporate & Investment Real Estate
PJ
MI 6501459431
P.A. Commercial Corporate & Investment Real Estate
Listed by P.A. Commercial Corporate & Investment Real Estate

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Additional Information

Name
DeVon Jackson
License
MI 6501320577
Brokerage Address
26555 Evergreen Road
Name
Parker Jamieson
License
6501459431
Brokerage
P.A. Commercial
Brokerage Phone
248-847-2088
Title
Real Estate Salesperson
Brokerage Address
26555 Evergreen Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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