Mixed-use Value-Add Opportunity on Mound Rd
$1,250,000
31851 & 31825 Mound Rd, Warren, MI 48092
9,821 sqft
Building Size
0.36 acres
Lot Area
Details:
Highlights:
- Mixed-use investment opportunity featuring retail, office, and multifamily components
- Two-building property located along the high-traffic Mound Road corridor
- Located within the Warren Village Historic District
- Multiple existing income streams with additional lease-up and value-add potential
- 31825 Mound: Two ground-floor commercial spaces plus four apartments
- 31851 Mound: Two-suite, single-story office building
- Flexible month-to-month tenancy provides a new owner with future repositioning flexibility
- Opportunity to increase NOI through lease-up, renovations, and tenant stabilization
- C-1 Commercial zoning
- Approximately 25 on-site surface parking spaces
Description:
Located along the highly traveled Mound Road corridor, 31825 & 31851 Mound Road presents a versatile mixed-use investment opportunity combining retail, office, and multifamily uses within the Warren Village Historic District. Zoned C-1 Commercial, the property offers multiple income streams along with significant value-add potential through lease-up and residential improvements.
31825 Mound Road features two ground-floor commercial spaces and four second-floor apartment units. The retail component includes an operating hair and nail salon and a former bakery space. The second floor includes four apartments consisting of two one-bedroom and two two-bedroom units. Two units are currently occupied on a month-to-month basis, while the remaining units offer an opportunity for renovation and lease-up. Strategic updates to cabinetry, flooring, paint, and finishes could further enhance the residential component and support increased occupancy and rental income.
31851 Mound Road is a single-story office building divided into two suites. The approximately 1,520 SF southern suite is currently occupied by a counseling practice on a month-to-month basis, while the remaining 930 SF suite is vacant and available for lease or owner occupancy.
With a diverse tenant mix, flexible lease structure, available space, and opportunities to increase occupancy and improve the residential units, the property offers investors or owner-users multiple avenues to enhance income and long-term value.
Situated on the western edge of Northwest Warren near the bustling intersection of Mound Road and Chicago Road, the location provides high visibility, drawing steady traffic from both local commuters and the massive regional workforce. It sits just minutes from major corporate anchors, industrial hubs, and the expansive GM Tech Center, making it an ideal destination for daytime retail, medical office, or professional service concepts.
Documents:
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Location
Gallery
