Listing Agency: CBRE | Detroit m***@cbre.com Show Phone

Listed By: Michael Balow Show Phone

Source: Cbre

Added: Mar 25 Changed: Jul 6 Last Checked: Aug 9 at 3:41PM

Report an Issue

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 CBRE | Detroit

Investment Insights

Based on property information with market context.

The property at 29865 Michigan Avenue presents an opportunity to acquire a retail location. The site has operated as a furniture store, but is now available due to the store's closing. Alternative uses for the property include warehousing and mixed-use development.

Key Highlights

• Successful retail location with longstanding history
• Opportunity to purchase
• Alternative use as warehousing

Property Analytics

Property Profile

Current Use

Mr. Outlet Furniture Furniture & Home Goods

Suggested Use

Top Pick Real Estate Agency Restaurant Big Box & Wholesale Store Building Supply Spa & Massage Center HVAC Service

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

Location Intelligence

Trade Area within ½ mile

299

Businesses Nearby

Explore this area Business Placement

Demographics for 48141, MI

26,088

Population

11,497

Households

2.3

Avg Household Size

34

Median Age

12%

College-Educated

83%

High-School Grad

6.3 sq mi

ZIP Area

4,141

Density / Sq Mi

$39,632

Median Household Income

$32,135

Median Earnings

$1,127

Median Rent

$75,700

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Liquor Store with Retail Building

3710 Harrison St, Inkster, MI 48141

$550,000

2,684 SF

View details

Renovating Warehouse with Bay Doors

26110 Michigan Avenue, Inkster, MI 48141

$550,000

7,000 SF

View details

Specialty Property with Road Frontage

3015 Inkster Road Unit SourceFi, Inkster, MI 48141

$949,900

13,000 SF

View details

Established Used Car Dealership

26639 Michigan Avenue Unit SourceFi, Inkster, MI 48141

$599,900

1,046 SF

View details

Retail Storefront with Liquor License

3153 Inkster Rd, Inkster, MI 48141

$425,000

1,725 SF

View details

Church with Living Quarters

27800 Annapolis Ave, Inkster, MI 48141

$445,000

8,854 SF

View details

Barrier-Free Church Facility

3041 John Daly Street, Inkster, MI 48141

$174,900

4,900 SF

View details

Religious Facility with Living Quarters

27800 Annapolis Avenue, Inkster, MI 48141

Contact for pricing

8,854 SF

View details

Turnkey Restaurant with Self-Serve Stations

1082 Inkster Road, Inkster, MI 48141

Contact for pricing

1,000 SF

View details

Turnkey Smoke Shop Retail Space

1090 Inkster, Inkster, MI 48141

Contact for pricing

1,000 SF

View details

Turnkey Smoke Shop Retail Storefront

1090 Inkster Unit SourceFi, Inkster, MI 48141

$89,900

1,000 SF

View details

Retail Storefront Investment Property

3015 Inkster Rd, Inkster, MI 48141

$949,900

View details

Frequently Asked Questions

What type of property is this?

Retail space - Longstanding retail location suitable for warehousing or mixed-use development.

Where is this retail space located?

The property is located at 29865 Michigan Avenue Inkster, MI.

What is the asking price?

The asking price for this property is $2,290,000.

What are key features of this property?

This property features: Successful retail location with longstanding history; Opportunity to purchase; Alternative use as warehousing