Listing Agency: The Carrington Company

Listed By: Gabe Hagemann · License #CA 01422968

Source: Crexi

Added: Apr 10 Changed: Aug 30 Last Checked: Aug 30 at 12:41AM

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Investment Insights

Based on property information with market context.

This retail property comprises 11,592 square feet at 16444 Evergreen Ave in Detroit, Michigan. The offering is identified with a 7.75% cap rate and is located within the 48219 ZIP code.

Key Highlights

• 11,592 SF retail property
• 7.75% cap rate
• 16444 Evergreen Ave, Detroit, MI 48219

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply HVAC Service Parking Lot & Garage Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

697

Businesses Nearby

37k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 71% Dining 29%

Little Caesars Pizza Dining

7,353 visits/mo 0.4 miles

BP Shops & Services

7,272 visits/mo 0.4 miles

Shell Shops & Services

6,652 visits/mo 0.1 miles

Comerica Bank Shops & Services

4,884 visits/mo 0.2 miles

AutoZone Shops & Services

4,489 visits/mo 0.1 miles

Demographics for 48219, MI

46,811

Population

20,815

Households

2.2

Avg Household Size

37

Median Age

13%

College-Educated

87%

High-School Grad

8.4 sq mi

ZIP Area

5,573

Density / Sq Mi

$43,882

Median Household Income

$31,187

Median Earnings

$1,037

Median Rent

$84,500

Median Home Value

Market

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 - Retail property positioned on Evergreen Avenue in Detroit, Michigan.

Where is this retail space located?

The property is located at 16444 Evergreen Ave Detroit, MI.

What are key features of this property?

This property features: 11,592 SF retail property; 7.75% cap rate; 16444 Evergreen Ave, Detroit, MI 48219