Redevelopment Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30569153
Property Subtypes: Free-Standing Building, Retail-Pad, Street Retail, Other
Building Size (RSF): 12,328 SF
Gross Building Area: See Agent
Gross Land Area: 0.24 - 0.52 Acres
Sale Price: $69,900 - 249,000
Unit Price: $5.67 - 20.20 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/14/2020

Overview / Comments

Redevelopment opportunity on Grand River Avenue, just west of Greenfield. This ½ acre is ideal for a retail redevelopment on a high trafficked corridor. Many national retailers include Family Dollar, Forman Mills, and Advance Auto Parts. Buildings can be sold separately; deferred maintenance needs to be addressed.

15725 Grand River is 9,828 SF and can be purchased for $180,000
15749 Grand River is 2,500 SF and can be purchased for $69,900
Both can be purchase together for $249,000

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit W of Woodward
Tax ID/APN: 22007092-5, 22007096, 22007097-8
Zoning: B-4 GENERAL BUSINESS DISTRICT

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 27,761 211,370 525,110
Median Age: 36.7 36.56 35.55
Households: 10,245 79,407 197,406

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