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… Read More 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. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of EXP Realty Main, (888) 501-7085
Listing Snapshot
Days Online
67
Last Updated
Property Type
Commercial
Square Ft.
2,581
Lot Size
0.05 Acres
Year Built
1948
MLS Number
20261003859
30 Days Snapshot Of 48228
$72k
+12%
(avg) sold price
27
-48%
homes sold
76
+4%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Building
Built in 1948, Remodelled in 2018, 2,581 total square feet, 2,581 main square feet, 2 total units, 1 one-bedroom unit, 1 two-bedroom unit, Brick
Foundation
Basement
Water Features
Natural Gas, Public (Municipal)
Heating
Natural Gas
Lot
Lot size area: 0.05, Lot size dimensions: 22.00 x 100.00
Miscellaneous
Gross scheduled income: $31,200, Net operating income: $24,995, Operating expense: $6,205, Service, Medical, Office, Retail, Apartments, Real Estate Only
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