Renovated Commercial Space in
For Lease
$2,400/Mo
18416 Grand River Ave, Detroit, MI 48223
Newly renovated 2600 sq ft commercial space for rent.
Property Size2,600 SF
Days on Market98
Property Features for 18416 Grand River Ave
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Commercial
Building Details
Year Built
1949
Listing Agency:
Stringer Real Estate Company
(313) 231-5776
Listed By:
Audria Gipson
(313) 231-5776
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 9:22AM
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 Stringer Real Estate Company
Investment Insights
Based on property information with market context.
This 2600 square foot commercial space is located in the North Rosedale Park/Grandmont community. The property has been newly renovated, featuring modern hardwood floors, a high-efficiency furnace, and a central air unit. It includes two bathrooms, an office, and 600 square feet of storage space. The storefront features modern brick and 12 ft glass. New exterior brick is scheduled to be installed in the spring. The location has a walk score of 67, indicating it is somewhat walkable, a bike score of 41, indicating it is somewhat bikeable, and a transit score of 49, indicating some transit options are available.
Key Highlights
- Newly renovated 2600 sq ft commercial space.
- Located in the highly desired North Rosedale Park/Grandmont community.
- Modern brick and 12 ft glass storefront.**
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.66 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
123k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 59%
Shops & Services 34%
Apparel 3%
Dining 2%
Meijer
Groceries
73,288 visits/mo
0.2 miles
Dollar Tree
Shops & Services
14,060 visits/mo
0.1 miles
Meijer Gas Station
Shops & Services
9,012 visits/mo
0.2 miles
BP
Shops & Services
7,272 visits/mo
0.4 miles
Sunoco
Shops & Services
4,384 visits/mo
0.4 miles
Demographics for 48223, MI
22,956
Population
11,264
Households
2
Avg Household Size
36
Median Age
19%
College-Educated
91%
High-School Grad
6.1 sq mi
ZIP Area
3,763
Density / Sq Mi
$42,324
Median Household Income
$30,119
Median Earnings
$1,013
Median Rent
$87,700
Median Home Value
Market
Lease Benchmarks for Detroit, MI
$15.25 /SF/Yr
Avg Asking Price
$3–$32.73 /SF/Yr
Price Range
14,943 SF
Avg Space Size
This space is priced 27% below the average of $15.25 /SF/Yr.
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
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Similar Off Market Nearby
- Roselady Productions Florist — 18716 Grand River Ave, Detroit, MI 48223
- Cindy's Floral Distributing — abington ave, detroit, mi 48227
Frequently Asked Questions
What type of property is this?
Storefront property - Newly renovated 2600 sq ft commercial space for rent.
Where is this storefront property located?
The property is located at 18416 Grand River Ave Detroit, MI.
What is the lease rate?
The lease rate is $2,400 /Mo.
What are key features of this property?
This property features: Newly renovated 2600 sq ft commercial space.; Located in the highly desired North Rosedale Park/Grandmont community.; Modern brick and 12 ft glass storefront.**
