Multi-Tenant Retail
For Sale
$119,000
12401 Morang Ave, Detroit, MI 48224
Multi-tenant retail building with current tenants including a salon and photo studio.
Property Size2,854 SF
Price / SF$41.70
Days on Market1070
Property Features for 12401 Morang Ave
General Information
Standard status
Active
Size
2,854 SF
Property subtype
Retail
Zoning
B4
Building Details
Building Size
2,854 SF
Year Built
1955
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Signature Associates - Southfield
Listed By:
Joe Stack
(248) 359-0615
Source:
Cpix.resimplifi
Added: Oct 11, 2023
Changed: Sep 10
Last Checked: Sep 13 at 3:56AM
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 Signature Associates - Southfield
Investment Insights
Based on property information with market context.
This multi-tenant retail building is currently occupied by a salon and a photo studio. The property is presented as a retail space opportunity with more than one active tenant.
The asset is located at 12401 Morang Ave in Detroit, Michigan.
Additional building and unit details were not provided.
The asset is located at 12401 Morang Ave in Detroit, Michigan.
Additional building and unit details were not provided.
Key Highlights
- Multi‑tenant retail building built in 1955
- Current tenants include a salon and a photo studio
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
66k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 46%
Wendy's
Dining
11,894 visits/mo
0.4 miles
Family Dollar
Shops & Services
8,724 visits/mo
0.2 miles
White Castle
Dining
8,620 visits/mo
0.2 miles
Checkers
Dining
8,354 visits/mo
0.2 miles
BP
Shops & Services
7,527 visits/mo
0.4 miles
Demographics for 48224, MI
39,633
Population
16,786
Households
2.4
Avg Household Size
33
Median Age
14%
College-Educated
84%
High-School Grad
5.8 sq mi
ZIP Area
6,833
Density / Sq Mi
$42,963
Median Household Income
$30,997
Median Earnings
$1,213
Median Rent
$77,900
Median Home Value
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Market
Vacancy Rate% for Retail in Detroit, MI
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Frequently Asked Questions
What type of property is this?
Storefront property - Multi-tenant retail building with current tenants including a salon and photo studio.
Where is this storefront property located?
The property is located at 12401 Morang Ave Detroit, MI.
What is the asking price?
The asking price for this property is $119,000.
What are key features of this property?
This property features: Multi‑tenant retail building built in 1955; Current tenants include a salon and a photo studio
