15803 Warren, Detroit, MI 48228
15803 Warren, Detroit, MI 48228
15803 Warren, Detroit, MI 48228
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$199,900
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2,581 SqFt
Active

15803 Warren Detroit, MI 48228

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Cyrus Wheeler

Cyrus Wheeler

+1(313) 482-7432

UPDATED:

Key Details

Property Type Commercial

Sub Type RealEstateOnly

Listing Status Active

Purchase Type For Sale

Square Footage 2,581 sqft

Price per Sqft $77

MLS Listing ID 20261003859

Year Built 1948

Lot Size 2,178 Sqft

Acres 0.05

Property Sub-Type RealEstateOnly

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

Area Area05055Detconmorsgrathstn7Mack

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Exterior

Parking Features AlleyAccess, Lighted, OnStreet, Other

Utilities Available AboveGroundUtilities

View Y/N No

Roof Type Asphalt

Garage false

Building

Foundation Basement, Block

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Detroit

Others

Senior Community false

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition ShortSaleNo, Standard

Realcomp MLS
©2026 Realcomp II Ltd. Shareholders
Listed by Salman Roumie of EXP Realty Main

NEARBY SCHOOL & BUSINESS

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Cyrus Wheeler

Cyrus Wheeler

Broker | License ID: 6501414673

+1(313) 482-7432

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15803 Warren