8
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$199,900
Est. payment /mo
2,581 SqFt
Pending
15803 Warren Detroit, MI 48228
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Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
Square Footage 2,581 sqft
Price per Sqft $77
MLS Listing ID 20261003859
Year Built 1948
Annual Tax Amount $5,925
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 22.00 x 100.00
Source Realcomp
Property Description
Welcome to a versatile mixed-use commercial property located at 15801 W Warren Ave, Detroit, positioned along a well-traveled commercial corridor near Southfield Freeway, offering excellent visibility, accessibility, and long-term demand. This over 2,500 SF brick building sits on a corner parcel and is fully leased, providing immediate cash flow for investors seeking stabilized income with upside. The ground floor retail space is occupied by an established appliance store benefiting from consistent foot traffic and strong neighborhood presence. The retail component anchors the property's income stream while leveraging West Warren Avenue's exposure, proximity to surrounding residential density, and easy freeway access. Above the retail space are two residential units, including a 1-bedroom and a 2-bedroom apartment, both leased, creating diversified income across commercial and residential uses. The mixed-use configuration reduces vacancy risk and enhances long-term asset stability. Financially, the property generates $2,600 in monthly rent and $31,200 in annual gross income, with NOI of approximately $25,000 after operating expenses, and 100% occupancy at time of listing. The building was remodeled in 2018 and features central air, forced-air heating, public utilities, and a full basement. Zoning supports a wide range of commercial uses including retail, professional office, medical, service, and mixed-use operations. Located minutes from major thoroughfares, neighborhood retail, and dense residential pockets, this asset offers immediate yield with long-term appreciation potential. Ideal for investors seeking a stabilized mixed-use property in a proven Detroit corridor.
Location
State MI
County Wayne
Zoning Commercial
Direction Drive East on west warren past Southfield freeway and location should be on the right on Forrer and W Warren Ave
Rooms
Basement Basement
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Foundation Block
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W22I000076S
Listed by EXP Realty Main
NEARBY SCHOOL & BUSINESS
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