15234 Grand River Ave - Grand River and Whitcomb
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15234 Grand River Ave - Grand River and Whitcomb
0.31 Acres of Commercial Land Offered at $500,000 in Detroit, MI 48227
Investment Highlights
- Located in the Cadillac Community neighborhood of Detroit
Executive Summary
First Commercial Realty is currently redeveloping a ~1.75 acre parcel at the northeast corner of Grand River and Whitcomb in Detroit, Michigan. This parcel has been owned by First Commercial since 1999, and currently home to Foot Locker (15280 West Grand River Avenue). It is located in the Greenfield and Grand River retail corridor, which boasts a strong presence of national and regional chains, including Foreman Mills, Rainbow, Villa, J-Bees, VIP Wear, Shoe Time and more.
When completed, the three-phase redevelopment will feature over 13,000 square feet of retail space in three freestanding buildings, with frontage along Grand River Avenue. It will be anchored by a 6,500 square foot freestanding Foot Locker concept store, the first phase of the development. This state-of-the-art store, which is set to open by Summer 2019, is reflective of Foot Locker North America’s new strategy to move away from traditional mall-based retail spaces and into unique, community-centered retail spaces.
The remaining two buildings (Phase 2 and Phase 3, respectively) will be developed in the near future.
When completed, the three-phase redevelopment will feature over 13,000 square feet of retail space in three freestanding buildings, with frontage along Grand River Avenue. It will be anchored by a 6,500 square foot freestanding Foot Locker concept store, the first phase of the development. This state-of-the-art store, which is set to open by Summer 2019, is reflective of Foot Locker North America’s new strategy to move away from traditional mall-based retail spaces and into unique, community-centered retail spaces.
The remaining two buildings (Phase 2 and Phase 3, respectively) will be developed in the near future.
Property Facts
| Price | $500,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.31 AC |
| Property Type | Land |
| Price | $500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.31 AC |
1 Lot Available
Lot
| Price | $500,000 | Lot Size | 0.31 AC |
| Price Per AC | $1,612,903 |
| Price | $500,000 |
| Price Per AC | $1,612,903 |
| Lot Size | 0.31 AC |
Vacant corner lot next to Foot Locker and the Towne Center Mall 138' frontage on M-5 (Grand River Ave) Easy access to I-96 and M-39 (Southfield Fwy)
Description
Vacant corner lot next to Foot Locker and the Towne Center Mall 138' frontage on M-5 (Grand River Ave) Easy access to I-96 and M-39 (Southfield Fwy)
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Walk Score ®
Very Walkable (72)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $290,200 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$290,200
zoning
| Zoning Code | B3 |
| B3 |
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15234 Grand River Ave - Grand River and Whitcomb
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