7
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$1,565,000
Est. payment /mo
9,476 SqFt
Active
22200 Grand River Avenue Detroit, MI 48219
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 9,476 sqft
Price per Sqft $165
MLS Listing ID 20261031596
Year Built 2012
Annual Tax Amount $18,548
Lot Size 0.900 Acres
Acres 0.9
Lot Dimensions 201X196.5
Source Realcomp
Property Description
Court-Appointed Receivership Sale. Freestanding 9,476 SF single-tenant net-leased (NNN) retail property located in the northwest area of Detroit, near the borders of Southfield and Redford in Wayne County, Michigan. The asset is positioned within a well-established retail corridor. Constructed in 2012, the property is fully leased to Family Dollar under a triple-net (NNN) lease structure with term remaining through September 2027. The tenant is presently operating within its first renewal period. The offering provides in-place cash flow with a clearly defined near-term lease maturity, complemented by multiple remaining renewal options (four 5-year options).
Location
State MI
County Wayne
Zoning Commercial
Direction Grand River Ave west of Lahser Rd.
Exterior
View Y/N No
Building
Foundation Slab
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W22I007817S
Listed by Forward Commercial Group
NEARBY SCHOOL & BUSINESS
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