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USAMIDetroitHellner Estates (Plats)15801 W Warren Ave
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15801 W Warren Ave, Detroit, MI

Real Estate

For Sale

Listed price in listed location currency (USD).
$239,900

000

MLS® 20261003859

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size 2581 sqft
Garage No
Maintenance Fees 
Taxes $5,925
Days Active 36
Approx. Age 1948
Avg. Price Per Sqft $92
MLS® Number 20261003859

Property Address: 15801 W Warren Ave, Detroit, MI, 48228-3737

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number20261003859
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1948
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 19, 2026List Date
$239,900List Price
Mar 14, 2024End Date
$190,000Sold Price

Sold

Jan 7, 2024List Date
$219,000List Price
  • Commute

Commute

Starting Address
Destination Address
15801 W Warren Ave, Detroit, MI

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