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    12421 Hayes St Detroit, MI 48205

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    For Lease
    $10 SF/Yr ($11,231 /Mo)

    Sublease opportunity: 13,478 SF retail space with high visibility.

    Property size:
    13,478 SF
    Lot size:
    13,478 SF

    Property Features for 12421 Hayes St

    General Information

    Size
    13,478 SF

    Building Details

    Year built
    1950

    Source: Jake Wiseman Agent Jake Wiseman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space on Hayes Street

    A 13,478 square feet retail space is available for sublease. The property features an efficient floor plan designed for retail users, formerly occupied by Dollar General. The layout includes a large, open sales floor with backroom storage and a loading area. The space is move-in ready for discount, convenience, apparel, dollar, or general retail concepts. The location offers strong visibility along Hayes Street, benefiting from steady daily traffic. There are 7 years remaining on the current lease term.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dollar General Convenience Store Western Union Money Transfer Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -82.9654425
    Latitude
    42.4219931

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    FAQs

    What type of property is this?
    Retail space - Sublease opportunity: 13,478 SF retail space with high visibility.
    Where is this retail space located?
    The property is located at 12421 Hayes St Detroit, MI.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - 13,478 square feet available for Sublease; - 7 years remaining on current lease term; - Move-in ready for discount, convenience, apparel, dollar, or general retail concepts
    (248) 687-9150
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    12421 Hayes St Detroit, MI 48205
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    Detroit, MI 48205
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12421 Hayes St Detroit, MI 48205
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