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Gratiot Avenue Retail Opportunity
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15050-15100 Gratiot Ave, Detroit, MI 48205

Retail spaces available in high-traffic Detroit location.

Space Size817 SF - 3,575 SF
Property Size12,317 SF
Days on Market1419

Property Features for 15050-15100 Gratiot Ave

General Information

Standard status Active
Size 817 SF - 3,575 SF
Total Parking Spaces 15
Property subtype Retail
Lease Type Modified Gross

Building Details

Building Size 12,317 SF
Tenancy Multiple

Spaces For Lease

at 15050-15100 Gratiot Ave Contact us

15088

Size
817 SF
Type
Retail
Lease Type
Gross
Availability
Active
Contact us

15050

Size
3,575 SF
Type
Retail
Lease Type
Gross
Availability
Active
Contact us

15096

Size
884 SF
Type
Retail
Lease Type
Gross
Availability
Active
Contact us

15100

Size
1,264 SF
Type
Retail
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: JMC Management, LLC
Listed By: Deion Washington · License #MI
Source: Crexi
Added: Oct 5, 2022 Changed: Aug 15 Last Checked: Aug 22 at 6:59AM

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 JMC Management, LLC

Investment Insights

Based on property information with market context.

Gratiot Crossings is situated on Gratiot Avenue, in close proximity to 8 Mile Road. This area of east Detroit is highly populated and experiences a high volume of traffic. The location is characterized by a mix of established retail businesses and restaurants.

Key Highlights

  • Convenient location on Gratiot Ave near 8 Mile Road.
  • High traffic count.
  • Booming area with successful retail businesses.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Building Supply Gym & Fitness Center Skin Care Clinic

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
$2.14 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

497
Businesses Nearby
127k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 43% Dining 36% Groceries 13% Electronics 6%
Aldi Groceries
15,887 visits/mo 0.3 miles
White Castle Dining
13,359 visits/mo 0.4 miles
BP Shops & Services
12,854 visits/mo 0.4 miles
Burger King Dining
10,456 visits/mo 0.4 miles
Checkers Dining
8,921 visits/mo 0.3 miles

Demographics for 48205, MI

34,056
Population
17,102
Households
2
Avg Household Size
32
Median Age
9%
College-Educated
85%
High-School Grad
6.4 sq mi
ZIP Area
5,321
Density / Sq Mi
$40,612
Median Household Income
$30,833
Median Earnings
$1,149
Median Rent
$55,700
Median Home Value

Market

Lease Benchmarks for Detroit, MI

$15.29 /SF/Yr
Avg Asking Price
$3–$30 /SF/Yr
Price Range
15,151 SF
Avg Space Size

This space is priced 7% below the average of $15.29 /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 - Retail spaces available in high-traffic Detroit location.
Where is this retail space located?
The property is located at 15050-15100 Gratiot Ave Detroit, MI.
What is the lease rate?
The lease rate is $14.24 SF/Yr.
What are key features of this property?
This property features: Convenient location on Gratiot Ave near 8 Mile Road.; High traffic count.; Booming area with successful retail businesses.
More about this property
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