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Retail Space in LaSalle Gardens
For Lease
$2,500/Mo
Pending

8045 LINWOOD St, Detroit, MI 48206

2,500 sq ft retail space for lease in Detroit.

Space SizeContact for details
Property Size2,500 SF
Lot Size0.06 Acres
Days on Market148

Property Features for 8045 LINWOOD St

General Information

Standard status Pending
Size 2,500 SF
Lot size 0.06 Acres
Property subtype Commercial

Building Details

Year Built 1930
Listing Agency: REMAX LEADING EDGE
Listed By: Ryan E Kain · License #6501401697
Source: Elliman
Added: Mar 11 Changed: Jul 6 Last Checked: Aug 5 at 11:51AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REMAX LEADING EDGE

Investment Insights

Based on property information with market context.

This almost 2,500 sq. ft. building is zoned B4 and offers opportunity at the rate of $1/sq. ft./month triple net. Located in LaSalle Gardens, it is a short drive or bike ride to Virginia Park and New Center. The owner will finish the renovations to a "white box" standard for the right tenant(s) and appropriate lease length. The property features several recent updates, including a new dual A/C/furnace unit, roughed in plumbing, 3-phase electrical, security cameras and floodlights.

Key Highlights

  • B4 zoning offers nearly endless opportunities for business use.
  • Lease rate of $1/sq. ft./month triple net provides exceptional value.
  • Potential to combine with adjacent property for almost 5,000 sq. ft.

Property Analytics

Current Use

Moondog Café Cafe & Coffee Shop

Suggested Use

Top Pick Law Firm Real Estate Agency Spa & Massage Center Accounting Firm Big Box & Wholesale Store Nail Salon

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

448
Businesses Nearby
8k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Family Dollar Shops & Services
6,857 visits/mo 0.4 miles
Citgo Shops & Services
1,084 visits/mo 0.2 miles

Demographics for 48206, MI

15,712
Population
10,784
Households
1.5
Avg Household Size
38
Median Age
24%
College-Educated
89%
High-School Grad
3.1 sq mi
ZIP Area
5,068
Density / Sq Mi
$43,702
Median Household Income
$36,674
Median Earnings
$923
Median Rent
$102,300
Median Home Value

Market

Lease Benchmarks for Detroit, MI

$14.35 /SF/Yr
Avg Asking Price
$3–$30 /SF/Yr
Price Range
13,863 SF
Avg Space Size

This space is priced 16% below the average of $14.35 /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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - 2,500 sq ft retail space for lease in Detroit.
Where is this retail space located?
The property is located at 8045 LINWOOD St Detroit, MI.
What is the lease rate?
The lease rate is $2,500/Mo.
What are key features of this property?
This property features: B4 zoning offers nearly endless opportunities for business use.; Lease rate of $1/sq. ft./month triple net provides exceptional value.; Potential to combine with adjacent property for almost 5,000 sq. ft.
More about this property
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