Cash-Flowing Multi-Tenant Retail | Value-Add Upside
PRIME RETAIL CORRIDOR | GRAND RIVER & GREENFIELD
Marketing description
15924 Grand River Ave presents a compelling value-add investment opportunity in Detroit’s active west-side commercial corridor at 15924 Grand River Ave, Detroit, MI 48227. This 8,280 SF mixed-use commercial building offers stable in-place income with additional upside through the lease-up of the vacant second floor.
Positioned along the high-visibility Grand River corridor near Greenfield, the property benefits from strong daily traffic, direct access to surrounding residential neighborhoods, and a vibrant mix of retail, service, and institutional users. The existing professional build-out, attractive storefront presence, and flexible second-floor space create an ideal opportunity for office, studio, or specialty-use tenancy. With light cosmetic improvements primarily needed for the upper level, investors can unlock meaningful income growth while leveraging the property’s solid fundamentals and strategic location.
Ample on-site and street-front parking, plus shared access to an adjacent parking lot, further enhance convenience for tenants and visitors. Offered at $395,000, 15924 Grand River Ave combines current cash flow, future leasing potential, and long-term positioning within a revitalizing Detroit retail corridor.
Investment highlights
- INVESTMENT SUMMARY - The offering combines stable in-place income with meaningful upside potential through the lease-up of the second floor. Its strong tenant retention, professional build-out, and strategic placement within a resilient Detroit submarket make 15924 Grand River a compelling opportunity for investors seeking a balanced blend of security and growth potential. The property’s operational stability, combined with its location-driven demand factors, positions it as an attractive addition to a diversified commercial real estate portfolio.
- VALUE-ADD OPPORTUNITY -The second floor of the property is currently vacant and offers a straightforward value-add component. With primarily cosmetic improvements needed— mainly drywall and flooring—the space is well suited for office, studio, or specialty-use occupants. This presents the potential for an investor to significantly enhance income by completing light improvements and executing a well-targeted leasing strategy. The building’s configuration and strong corridor activity support a wide range of prospective tenant uses.
- LOCATION & MARKET POSITIONING - Situated on Grand River Ave, the property benefits from exceptional visibility, high daily traffic counts, and immediate access to densely populated residential communities. The surrounding area hosts a balanced mix of retail, service-oriented businesses, and neighborhood amenities, contributing to sustained commercial demand. Continued investment and revitalization efforts throughout the Grand River corridor further bolster the long-term stability and desirability of this location.
- PARKING & ACCESSIBILITY - Ample on-site and street-front parking provides convenient access for tenants, customers, and future second-floor occupants. Adjacent parking lot owned and cooperatively shared between neighboring owners.
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