15924 Grand River Ave, Detroit, MI for sale

Investment Overview

Final Call for Offers – Due Monday, August 31: 15924 Grand River presents a flexible opportunity for both investors and owner-users. The property currently generates approximately $4,000 per month in rental income, with additional NOI upside through leasing the remaining vacant spaces. The current ground-floor tenant is on a month-to-month lease, creating the potential for an owner-user to occupy the storefront or reposition it for a higher-value retail use. Whether your strategy is owner occupancy or increasing cash flow through lease-up, this property offers multiple paths to create value.

Investment Highlights

• INVESTMENT SUMMARY - Final Call for Offers – Due Monday, August 31: 15924 Grand River presents a flexible opportunity for both investors and owner-users. The property currently generates approximately $4,000 per month in rental income, with additional NOI upside through leasing the remaining vacant spaces. The current ground-floor tenant is on a month-to-month lease, creating the potential for an owner-user to occupy the storefront or reposition it for a higher-value retail use. Whether your strategy is owner occupancy or increasing cash flow through lease-up, this property offers multiple paths to create value.
• 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.