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- LoopNet Team
7401-7467 W Grand River Ave
Detroit, MI 48204
The Shops at Grand Square · Retail Property For Sale
Investment Highlights
- Multi - purpose use
- 39 Apartments
- Price Per Unit: $23,076
- 13 Retail Storefronts
- Lower Level Basement
- Popular Area
PROPERTY FACTS
Amenities
- Freeway Visibility
About 7401-7467 W Grand River Ave , Detroit, MI 48204
A GREAT LOCATION AND OPPORTUNITY!! 3 STORY COMMERCIAL BUILDING WITH 39 APARTMENTS ON THE UPPER FLOORS AND 13 RETAIL STORE FRONTS ON THE MAIN FLOOR. 338 FEET OF FRONTAGE WHICH SITS ON OVER AN ACRE OF LAND. A WHOLE CITY BLOCK. THIS IS AN OPPORTUNITY TO CREATE PASSIVE INCOME AS WELL AS A DESTINATION POINT WITHIN AN AREA OF CURRENT RESURGENCE. A GOOD SOLID ROI. JUST A WALK OR BIKE RIDE AWAY FROM MOTOR CITY CASINO, THE NEW CENTER AREA WHICH BOASTS OF THE MOTOWN MUSEUM, HENRY FORD HOSPITAL, THE FISHER THEATER, NEW CENTER PARK AND THE QLINE TRAIN RAIL THAT TAKES YOU ALL THE WAY INTO MIDTOWN AND DOWNTOWN. ALL OF WHICH ARE JUST 5 -8 MINUTES FROM THE FRONT DOOR OF THIS PROPERTY. THE PROPERTY IS MOSTLY VACANT AND A FULL REHAB NEEDED. IMAGINE THE 13 RETAIL STOREFRONTS FILLED TO CAPACITY WITH A COFFEE SHOP, CAFE, RESTAURANTS AND APPAREL STORES. NOT TO MENTION 39 TENANT OCCUPIED RESIDENTIAL APARTMENTS ABOVE IN AN EXCELLENT LOCATION. WHAT ARE YOU WAITING FOR. LET'S MAKE IT HAPPEN
PROPERTY TAXES
| Parcel Number | 14-001551 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $52,618 |
PROPERTY TAXES
