For Sale
$799,000

15500 Warren Ave Detroit, MI 48224

Profitable Convenience Store, Prime Location

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional retail opportunity presents a thriving convenience store with a liquor license located at 15500 E Warren Ave, Detroit, MI 48224, in Wayne County. The 4,000 square foot building, constructed in 1941 and extensively renovated in 2024 (and many times prior), boasts a strong weekly revenue stream of $30,000 to $35,000. The property includes three attached units, a sizable kitchen area, ample storage space, and convenient parking, including a private side lot. The store features 15 coolers and operates from 8:00 AM to 11:00 PM daily. Significant recent upgrades include a 7-year-old roof, and a 3-year-old furnace and AC system. The asking price is $799,000, translating to $199.75 per square foot. This turnkey operation offers a compelling investment opportunity in a high-traffic area of Detroit. The property's established clientele and consistent profitability make it an attractive prospect for experienced business owners seeking a well-maintained and successful enterprise. Further details are available upon request.

Highlights

  • Thriving convenience store with liquor license in high-traffic Detroit location.
  • 4,000 SF building, extensively renovated in 2024, with three attached units.
  • Strong weekly revenue: $30,000 - $35,000.
  • Includes sizable kitchen, ample storage, and convenient parking, including a private side lot.
  • Turnkey operation with 15 coolers, operating 8 AM to 11 PM daily.
  • Recent upgrades include a 7-year-old roof, 3-year-old HVAC system.

Property Details for 15500 Warren Ave

Property type
Retail properties, Grocery and convenience stores
Square Feet
4,000 SF
Year Built
1941
Buildings
1

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.398976936653
Longitude
-82.948765904224

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FAQs

What type of property is this?
Retail property - Profitable Convenience Store, Prime Location
Where is the retail property located?
The property is located at 15500 Warren Ave Detroit, MI.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Thriving convenience store with liquor license in high-traffic Detroit location.; 4,000 SF building, extensively renovated in 2024, with three attached units.; Strong weekly revenue: $30,000 - $35,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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Property Records

Contacts

MAYS al raheem
MAYS al raheem
Visit Broker Website

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Useful Information

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Warren Ave
Detroit, MI 48224

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Warren Ave
Detroit, MI 48224

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

15500 Warren Ave
  • MAYS al raheem
    MAYS al raheem
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