Restaurant Space with Street
New
For Lease
$28 SF/Yr
1401 to 1417 Gratiot Ave, Detroit, MI 48207
B-4 zoning, surface parking, and municipal parking options support a restaurant-focused leasing opportunity.
Space Size6,000 SF
Property Size17,634 SF
Days on Market5
Property Features for 1401 to 1417 Gratiot Ave
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Retail
Zoning
B-4
Lease Term
NNN
Lease Terms
Lease Term
180 months
Flexible Term
Yes
Additional Details
Space Use
Restaurant
Building Details
Building Size
17,634 SF
Year Built
1900
Spaces For Lease
at 1401 to 1417 Gratiot Ave Contact us- Size
- 6,000 SF
- Type
- Street Retail
- Term
- 60 months
Restaurant Space $28/SF/Yr
Listing Agency:
NAI Farbman Southfield
Listed By:
Rick Ax · License #6506040861
(248) 842-0314
Source:
Naiglobal
Added: Aug 30
Changed: Sep 1
Last Checked: Sep 2 at 3:59PM
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 NAI Farbman Southfield
Investment Insights
Based on property information with market context.
Restaurant space is available within a mixed-use property at 1401 to 1417 Gratiot Ave in Detroit. The building dates to 1900 and offers substantial exposure along both Russell St and Gratiot Ave, with 172 ft of Russell St frontage and 127 ft along Gratiot Ave. On-site surface parking is available, supplemented by municipal parking options.
The property is located in the Gratiot Entertainment Center and carries B-4 General Business District zoning. Lease terms range from five years to 15 years. Walk Score is 88, while Transit Score is 64, providing measurable pedestrian and transit access context for the restaurant space.
The property is located in the Gratiot Entertainment Center and carries B-4 General Business District zoning. Lease terms range from five years to 15 years. Walk Score is 88, while Transit Score is 64, providing measurable pedestrian and transit access context for the restaurant space.
Key Highlights
- 172 ft of frontage along Russell St
- 127 ft of frontage along Gratiot Ave
- B‑4 General Business District zoning
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$4.20 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,335
Businesses Nearby
13k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
9,554 visits/mo
0.4 miles
Chase Bank
Shops & Services
3,760 visits/mo
0.4 miles
Demographics for 48207, MI
21,704
Population
13,026
Households
1.7
Avg Household Size
42
Median Age
35%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
3,445
Density / Sq Mi
$44,561
Median Household Income
$43,377
Median Earnings
$1,040
Median Rent
$193,800
Median Home Value
Market
Lease Benchmarks for Detroit, MI
$24.67 /SF/Yr
Avg Asking Price
$14.31–$38.18 /SF/Yr
Price Range
4,099 SF
Avg Space Size
This space is priced 14% above the average of $24.67 /SF/Yr.
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - B-4 zoning, surface parking, and municipal parking options support a restaurant-focused leasing opportunity.
Where is this conventional restaurant located?
The property is located at 1401 to 1417 Gratiot Ave Detroit, MI.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: 172 ft of frontage along Russell St; 127 ft of frontage along Gratiot Ave; B‑4 General Business District zoning
