Listing Agency: Detroit Show Phone

Listed By: Sheridan Burton Show Phone

Source: Colliers

Added: May 25 Changed: Aug 8 Last Checked: Jul 16 at 4:40AM

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Investment Insights

Based on property information with market context.

Located in the vibrant Times Square District of Detroit, this property offers a 2,000-square-foot retail space available for rent. This commercial real estate presents a prime retail opportunity.

Key Highlights

• Prime location in Detroit's vibrant Times Square District.
• 2,000 SF of retail space.
• Retail opportunity.

Property Analytics

Property Profile

Current Use

Rekey Office Detroit ... Locksmith

Suggested Use

Top Pick Electrical Service Kitchen & Bath Showroom Daycare Center Veterinary Clinic (Bike/Boat/Book/etc) Store Pet Grooming 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.

Lease Details

NNN (Triple Net)

Lease Type

$1.80 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

5,263

Businesses Nearby

64k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Hotels & Casinos 80% Shops & Services 18% Dining 2%

Hilton Garden Inn Detroit Downtown Hotels & Casinos

13,735 visits/mo 0.5 miles

Cambria Hotel Detroit Downtown Hotels & Casinos

13,247 visits/mo 0.4 miles

Hotel Indigo Detroit Downtown Hotels & Casinos

12,361 visits/mo 0.3 miles

Mobil Shops & Services

8,172 visits/mo 0.4 miles

Element Detroit At The Metropolitan Hotels & Casinos

6,858 visits/mo 0.3 miles

Demographics for 48226, MI

6,307

Population

5,160

Households

1.2

Avg Household Size

37

Median Age

53%

College-Educated

93%

High-School Grad

1.2 sq mi

ZIP Area

5,256

Density / Sq Mi

$69,813

Median Household Income

$60,957

Median Earnings

$1,714

Median Rent

$307,700

Median Home Value

Market

Lease Benchmarks for Detroit, MI

$14.67 /SF/Yr

Avg Asking Price

$3–$30 /SF/Yr

Price Range

13,749 SF

Avg Space Size

This space is priced 18% below the average of $14.67 /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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Retail space - Prime 2,000 SF retail space in Detroit's Times Square.

Where is this retail space located?

The property is located at 1427 - 1431 Times Square Detroit, MI.

What is the lease rate?

The lease rate is $2,000/Mo.

What are key features of this property?

This property features: Prime location in Detroit's vibrant Times Square District.; 2,000 SF of retail space.; Retail opportunity.