17000 Kercheval AveGrosse Pointe, MI 48230

Property Details for 17000 Kercheval Ave

Year built

1927

Lot size

1.05 AC

Property size (Sq ft)

93,296 SF

Zone code

C-2

Property type

Retail properties

APN

37 002 04 0029 003

APU

37002040029003

Description

This exceptional 78,058-square-foot shopping center, located at 17000 Kercheval Ave in Grosse Pointe, Michigan, presents a compelling investment opportunity. Boasting a 97.69% occupancy rate and a strong net operating income (NOI) of $1,512,015, this grocery-anchored center features a diverse mix of 19 tenants including prominent names such as Starbucks, Trader Joe's, Pet Supplies Plus, Ann Taylor Loft, Beaumont, Nothing Bundt Cakes, and Great Clips. The property, situated on a 1.05-acre lot, comprises a single, two-story building constructed in phases between the 1920s and 1960s, undergoing a complete renovation in 2008. Its C-2 zoning allows for a variety of retail uses. The center benefits from recent leasing activity and renewals, ensuring a stable and predictable income stream. Its prime location in downtown Grosse Pointe, within Wayne County, and strong surrounding demographics contribute to its exceptional performance and long-term potential. The address is 17000 Kercheval Ave, Grosse Pointe, MI 48230. This is a rare opportunity to acquire a well-established, high-performing retail property in a desirable Michigan market.

Location Insight

City

Grosse Pointe

County

Wayne

State

Michigan

Latitude

42.3898

Longitude

-82.9161

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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