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Downtown Retail Space Available
For Lease
$3,000/Mo

2627 John R St, Detroit, MI 48201

Retail space in the heart of downtown Detroit.

Property Size3,000 SF
Days on Market98

Property Features for 2627 John R St

General Information

Standard status Active
Size 3,000 SF
Property subtype Commercial

Building Details

Year Built 1913
Listing Agency: EXP Realty Main
Listed By: Nichole Alexander · License #6501373510
Source: Elliman
Added: Apr 24 Changed: Jul 10 Last Checked: Jul 29 at 2:55PM

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 EXP Realty Main

Investment Insights

Based on property information with market context.

Located in the heart of downtown Detroit, this commercial space is situated blocks from Comerica Park, Ford Field, and Little Caesars Arena. The property offers approximately 3000 square feet of total commercial space, consisting of two units. Each unit is approximately 1500 square feet and features separate entrances. The space may be leased as one continuous area. Flexible lease terms are available, including month-to-month options. The location has a bike score of 89, indicating it is very bikeable, a walk score of 92, designating it as a walker's paradise, and a transit score of 59, suggesting good transit options. Dimensions, zoning, and permitted use are to be verified by the agent or tenant.

Key Highlights

  • Prime downtown location near Comerica Park, Ford Field, and Little Caesars Arena.
  • Approximately 3000 sq ft of commercial space.
  • Consists of two separate units, each approximately 1500 sq ft, with individual entrances.

Property Analytics

Current Use

John R. Apartments Apartment Building

Suggested Use

Top Pick Electrical Service Nail Salon Auto Parts Store Kitchen & Bath Showroom Daycare Center (Bike/Boat/Book/etc) Store

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
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,172
Businesses Nearby
52k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 83% Shops & Services 17%
Whole Foods Market Groceries
42,654 visits/mo 0.5 miles
Bank of America Shops & Services
4,453 visits/mo 0.5 miles
Huntington Bank Shops & Services
2,942 visits/mo 0.4 miles
Citizens Bank Shops & Services
1,565 visits/mo 0.3 miles

Demographics for 48201, MI

14,500
Population
9,900
Households
1.5
Avg Household Size
33
Median Age
37%
College-Educated
88%
High-School Grad
1.9 sq mi
ZIP Area
7,632
Density / Sq Mi
$24,392
Median Household Income
$36,835
Median Earnings
$841
Median Rent
$401,500
Median Home Value

Market

Lease Benchmarks for Detroit, MI

$13.96 /SF/Yr
Avg Asking Price
$3–$27 /SF/Yr
Price Range
11,441 SF
Avg Space Size

This space is priced 14% below the average of $13.96 /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
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space in the heart of downtown Detroit.
Where is this retail space located?
The property is located at 2627 John R St Detroit, MI.
What is the lease rate?
The lease rate is $3,000 /Mo.
What are key features of this property?
This property features: Prime downtown location near Comerica Park, Ford Field, and Little Caesars Arena.; Approximately 3000 sq ft of commercial space.; Consists of two separate units, each approximately 1500 sq ft, with individual entrances.
More about this property
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