9117 GRAND RIVER Avenue, Detroit MI 48204 Photo 1 9117 GRAND RIVER Avenue, Detroit MI 48204 Photo 2 9117 GRAND RIVER Avenue, Detroit MI 48204 Photo 3 9117 GRAND RIVER Avenue, Detroit MI 48204 Photo 4 9117 GRAND RIVER Avenue, Detroit MI 48204 Photo 5
Provided through IDX through Realcomp II Ltd, via CENTURY 21 Affiliated. Courtesy of Carrick Macross Real Estate Services and Realcomp Ii Ltd. Copyright 2016 Realcomp II Ltd. Shareholders

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9117 GRAND RIVER Avenue - Commercial/Retail/loft/warehouse. 2 elevator shafts. Also, 9111 Grand River, is adjoining 1 story building 5,160 sq ft, initially used and suitable for retail/office. A top the 9117 property at the 6th story are 2 billboards, one of which is with the Michigan State Lottery, both recently renewed 10 year leases(8 yrs remaining) throwing off $14,600 net/net/net rent ! That alone at an 8 cap is worth $175,200.00, making the real property valued at $475,500.00 or $15.00 per sq ft ! You can't build it for less than $60.00 per foot ! These buildings back up to and face east and west bound I-96 and per recent avail DOT survey 120,000 cars per day past these signs ! On the Grand River Drive 12,000 cars past these signs each day !.Owner has recently (11/2016) completed major improvements to the buildings.

Listing information

  • MLS® ID: 216111627
  • Status: Active
  • Foreclosure: No
  • Lot Size: 43.00X120.00
  • Subdivision: Dailey Park Sub (Plats)
  • Style: Commercial
  • Stories: 0
  • Total Square Footage: 20,640 ($28.59 per sq. foot)
  • County: Wayne
  • Year Built: 1928
  • New Construction: No
  • Lot Area: 0.12
  • School District: Detroit

Features

Architecture Level 4-10 Story
Business Type Residential
Commercial Type Business And Real Estate, Commercial
Commercial Utilities Elevator
Construction Materials Brick
Foundation Details Slab
Foundation Materials Poured
Heating Steam
Heating Fuel Gas
Office Heating Steam
Other Assessment - 0, Current Use - Vacant, Number Of Units Total - 4, Operating Expense - 0.00, Sqft Office - 5160, Tax Amount Summer - 604.0000, Tax Amount Winter - 61.0000
Ownership Status Private Owned, Short Sale - No
Road Frontage Type Pub. Sidewalk
Sewer Sewer at Street
Water Heater Fuel Gas
Water Source Municipal Water
Zoning COMMERCIAL, Multiple
Provided through IDX through Realcomp II Ltd, via CENTURY 21 Affiliated. Courtesy of Carrick Macross Real Estate Services and Realcomp Ii Ltd. Copyright 2016 Realcomp II Ltd. Shareholders