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Newly Renovated First-Floor Retail Space
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18932 Woodward Ave, Detroit, MI 48203

Newly renovated first-floor retail space with strong access and visibility on Woodward Avenue.

Property Size1,000 SF
Days on Market1217

Property Features for 18932 Woodward Ave

General Information

Standard status Active
Size 1,000 SF
Net Rentable 1,000 SF
Property subtype RETAIL
Lease Type SF/yr

Space & Availability

Available Space 1,000 SF
Contiguous Space 1,000 SF
Floor 1
Available From Immediate
Listing Agency: Gerdom Realty & Investment
Listed By: Joel Karboske
Source: Moodyscre
Added: Apr 4, 2023 Changed: Jul 31 Last Checked: Aug 1 at 2:25PM

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 Gerdom Realty & Investment

Investment Insights

Based on property information with market context.

Newly renovated retail space available for lease on the first floor of the legendary Sydney Bogg Candy factory. The space is configured as approximately 1,000 SF on a ground-level floor, offering a practical layout for retail operations.

Located at 18932 Woodward Ave in Detroit, the property sits on Woodward Avenue just south of 7 Mile Road. This position supports convenient access and strong visibility for customers passing along the corridor, aligning well with retail activity in the surrounding Palmer Park neighborhood revitalization.

The space is offered as a ready option for retailers seeking a newly renovated, street-accessible first-floor location within the Sydney Bogg Candy factory building.

Key Highlights

  • Approximately 1,000 SF first‑floor retail space
  • Newly renovated interior space
  • First‑floor location for direct street‑level access

Property Analytics

Current Use

Shroom Groove (Bike/Boat/Book/etc) Store Craft Club Hotel & Motel Shield Security Security Service

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Spa & Massage Center Dental Office Nail Salon

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
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

332
Businesses Nearby
317k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 34% Groceries 32% Dining 19% Apparel 13%
Meijer Groceries
102,458 visits/mo 0.3 miles
Five Below Shops & Services
30,822 visits/mo 0.3 miles
McDonald's Dining
30,187 visits/mo 0.4 miles
Marshalls Apparel
30,146 visits/mo 0.3 miles
Meijer Gas Station Shops & Services
17,795 visits/mo 0.5 miles

Demographics for 48203, MI

22,168
Population
13,591
Households
1.6
Avg Household Size
39
Median Age
19%
College-Educated
85%
High-School Grad
8.2 sq mi
ZIP Area
2,703
Density / Sq Mi
$35,108
Median Household Income
$28,364
Median Earnings
$799
Median Rent
$76,100
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 29% above 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
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Frequently Asked Questions

What type of property is this?
Retail space - Newly renovated first-floor retail space with strong access and visibility on Woodward Avenue.
Where is this retail space located?
The property is located at 18932 Woodward Ave Detroit, MI.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Approximately 1,000 SF first‑floor retail space; Newly renovated interior space; First‑floor location for direct street‑level access
(248) 242-6766 Call to check price and availability
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