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Retail Space with Pylon Signage
For Lease
$27 SF/Yr

8500 Woodward Avenue, Detroit, MI 48202

Commercial Lease, Detroit, MI

Space Size945 SF - 1,890 SF
Lot Size0.86 Acres
Days on Market267

Property Features for 8500 Woodward Avenue

General Information

Property type Commercial Lease
Property subtype Retail
Fireplace 1
Elementary school district Detroit
Middle school district Detroit
High school district Detroit
Directions Woodward Avenue, North of Grand Boulevard
Subdivision Wayne County - 100
Standard status Active
APN 01004329-31
Size 13,068 SF
Lot size 0.86 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description E WOODWARD 3 & 4BELA HUBBARDS L21 P7 PLATS, W C R 1/111 W 200 FT 21 EXC E 50 FT OF N 50 FT HAIGHS SUB L13 P29 PLATS, W C R 1/112 201 IRREG
Legal Description E WOODWARD 3 & 4BELA HUBBARDS L21 P7 PLATS, W C R 1/111 W 200 FT 21 EXC E 50 FT OF N 50 FT HAIGHS SUB L13 P29 PLATS, W C R 1/112 201 IRREG

Utilities

Utilities Natural Gas Available
Heating system Forced Air

Amenities

ample onsite parking
large pylon signage
bus stop less than a block

Building Details

Year built 1973
Listing Agency: GRI Homes for Today
Listed By: Tjader Gerdom · License #6502357230
Added: Jan 2 Changed: Sep 7 Last Checked: Sep 26 at 3:06AM
MLS# 26000097

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Retail space ranging from 945 to 1,890 SF is available within a 13,068-square-foot property on a 0.86-acre site. The 1973 building features forced-air heating, natural gas availability, onsite parking, and large pylon signage. Family Dollar and Ocean Fish & Chicken are established occupants at the property.

Access is provided from Woodward Avenue and East Philadelphia Street, with a bus stop less than a block away. M-10, I-75, and I-96 are less than 5 minutes from the site. Henry Ford Hospital, the Fischer Building, Shinola HQ, and Detroit People's Food Co-op are within walking distance.

Key Highlights

  • 945‑1,890 SF of retail space available
  • 13,068‑square‑foot property on 0.86 acres
  • Large pylon signage and onsite parking

Property Analytics

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Current Use

Family Dollar Discount Store

Suggested Use

Top Pick Hair Salon Building Supply Nail Salon Spa & Massage Center Auto Parts Store Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$4.05 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,467
Businesses Nearby
33k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 92% Dining 6% Electronics 3%
Family Dollar Shops & Services
8,807 visits/mo 0.1 miles
Citgo Shops & Services
6,019 visits/mo 0.1 miles
Citizens Bank Shops & Services
5,642 visits/mo 0.4 miles
Marathon Shops & Services
5,284 visits/mo 0.5 miles
Mobil Shops & Services
4,652 visits/mo 0.4 miles

Demographics for 48202, MI

17,260
Population
10,078
Households
1.7
Avg Household Size
32
Median Age
38%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
5,076
Density / Sq Mi
$36,536
Median Household Income
$31,725
Median Earnings
$894
Median Rent
$193,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Detroit, MI

$19.35 /SF/Yr
Avg Asking Price
$5.35–$175 /SF/Yr
Price Range
13,186 SF
Avg Space Size

This space is priced 40% above the average of $19.35 /SF/Yr.

Vacancy Rate% for Retail in Detroit, MI

7.5% 2019
9.2% 2020
8.5% 2021
7.3% 2022
7.9% 2023
7% 2024
7% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail suites offer onsite parking and access from Woodward Avenue and East Philadelphia Street.
Where is this retail space located?
The property is located at 8500 Woodward Avenue Detroit, MI.
What is the lease rate?
The lease rate is $27 SF/Yr.
What are key features of this property?
This property features: 945‑1,890 SF of retail space available; 13,068‑square‑foot property on 0.86 acres; Large pylon signage and onsite parking
More about this property
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