$199,900 for Sale

15801 warren, detroit, MI 48228

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 ret
General Information
Sale Price: $199,900
Price/SqFt: $77
Status: Active
MLS#: rcomi20261003859
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Acres: 0.05
Lot Dimensions: 22.00 x 100.00
Size: 2,581 sq.ft.
Acreage: 0.05 est.
Year Built: 1948
Property Type: Commercial
Style:
Tax, Fees & Legal
Est. Summer Taxes:  $4,700
Est. Winter Taxes:  $1,225


IDX provided courtesy of Realcomp II Ltd. via AAA McNamara Properties and Realcomp II Ltd., ©2026 Realcomp II Ltd. Shareholders Listing By: Salman Roumie of EXP Realty Main, Phone: (888) 501-7085
Call Hilda McNamara for more information about this property. (810) 874-4300

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(810) 874-4300