15924 Grand River Ave

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.
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.
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.

15924 Grand River Ave

Overview

Encore Real Estate Investment Services

Additional Information

Encore Real Estate Investment Services

Parcel & Location