16401 Harper Ave Detroit, MI 48224

Building Details

Year Built

1960

Listing agency Legacy Real Estate r***@legacycrea.com Show Phone

Listed by Robert Michil · License ##6501439800

Source Legacycrea

Added: Mar 6 Updated: Jul 6 at 10:51AM Checked: Jul 19 at 4:09AM

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Investment Insights

Based on property information with market context.

This single-tenant, free-standing Family Dollar store is located within the Detroit MSA, which is ranked as a top 15 MSA in the U.S.A. The property features minimal landlord responsibilities and includes 10% rental increases per option period. Family Dollar has operated successfully at this location since 2003, indicating long-term occupancy. The site benefits from high visibility, with over 128,000 vehicles passing daily on I-94 and over 11,000 vehicles passing daily on Harper Avenue. The surrounding community is densely populated, with over 23,600 residents within a 1-mile radius and over 149,000 residents within a 3-mile radius. The property is in close proximity to Winans Academy Performing Arts School and Ascension St. John Hospital.

Key Highlights

• Long‑term occupancy: Family Dollar since 2003.
• Located in a densely populated area with over 23,600+ residents within 1 mile.
• High visibility: Over 128,000 vehicles pass the site daily on I‑94.

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Similar Off Market Nearby

• Covergirls — 10631 Whittier Ave, Detroit, MI 48224
• Margin Group Corporation — 16423 E Warren Ave, Detroit, MI 48224
• DelPointe Food Center — 16700 Harper Ave, Detroit, MI 48224
• Royal Fresh Market — 16700 Harper Ave, Detroit, MI 48224

FAQs

What type of property is this?

Grocery and convenience store - Single tenant Family Dollar with long-term occupancy since 2003.

Where is this grocery and convenience store located?

The property is located at 16401 Harper Ave Detroit, MI.

What is the asking price?

The asking price for this property is $1,642,135.

What are key features of this property?

This property features: Long‑term occupancy: Family Dollar since 2003.; Located in a densely populated area with over 23,600+ residents within 1 mile.; High visibility: Over 128,000 vehicles pass the site daily on I‑94.