$99,999
21603 Grand River Avenue
Details
APN W22I007468S
Property Type Retail
Sub Type Storefront
Square Footage 2,866
NOI $30,000
Year Built 1949
Acreage 0.040
Retail | 2,866 SqFt
Marketing description
PRIME LOCATION INVESTOR ALERT! Two-story mixed-use building located on Historic Grand River Avenue with excellent visibility in a high-traffic corridor with excellent frontage. Main level storefront ideal for retail, office or repair service business. Upper level has apartment / office space for additional rental income or mixed living / work use. Very solid structure with opportunity to modernize located near other funtioning thriving businesses in an area showing steady signs of revitalization and commercial growth. Great for owner-operators wanting to run a business main while living upstaris or developers looking for an affordable entry into the Detroit real estate mixed-use market. Across the street from Citizens Bank. Walking distance from Miejer Supermarket, NEW Credit Union, Grocery store and USPS Post office. Near public transportation, major highway, dining and other fine points of interest. Property sold "As Is" with Warranty Deed transfer. Shown by appointment only with advance notice. $495 transaction fee buyer payable at closing. Buyer agent to verify all information.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$30,000.00
$2,500.00/mo
Valuation Metrics
0
DSCR
30%
Cap Rate
30%
ROI
Map
Zoning
B3 CommercialRetail CommercialShopping District
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View all 268 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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