Eastern Market Multi-Tenant Retail
For Sale
$1,000,000
1515 Division St, Detroit, MI 48207
10,000 SF multi-tenant building in Detroit's Eastern Market.
Property Size10,000 SF
Lot Size0.25 Acres
Price / SF$100
Days on Market154
Property Features for 1515 Division St
General Information
Standard status
Active
Size
10,000 SF
Lot size
0.25 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$25,313
Building Details
Building Size
10,000 SF
Year Built
1951
Listing Agency:
O'Connor Realty Detroit, LLC
(313) 963-9891
Listed By:
Sloane Walsh · License #6501387170
(313) 963-9891
Source:
Elliman
Added: Mar 11
Changed: Aug 9
Last Checked: Aug 10 at 7:19AM
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 O'Connor Realty Detroit, LLC
Investment Insights
Based on property information with market context.
Located in the heart of Eastern Market, this 10,000-square-foot multi-tenant building presents an investment opportunity in Detroit. The property is fully leased with three retail tenants: Well Done Goods, Vintage Eastern Market, and Arthur Rugenstein, providing a cash-flowing asset. Ownership has invested in upgrades to the building’s MEP systems, roof, and storefront, ensuring long-term value. This property is part of a collection of properties for sale in and around Eastern Market and can be purchased individually or in multiples.
Key Highlights
- Prime Location: Situated in the heart of Detroit's highly desirable Eastern Market.
- Fully Leased: Provides immediate and stable cash flow with three established retail tenants.
- Significant Recent Upgrades: Ownership has invested in upgrades to MEP systems, roof, and storefront.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
891
Businesses Nearby
46k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 80%
Shops & Services 20%
McDonald's
Dining
33,321 visits/mo
0.5 miles
Chase Bank
Shops & Services
3,760 visits/mo
0.3 miles
BP
Shops & Services
3,606 visits/mo
0.3 miles
Sala Thai
Dining
3,150 visits/mo
0.3 miles
Comerica Bank
Shops & Services
1,757 visits/mo
0.3 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
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
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Similar Off Market Nearby
- Flowers for Dreams — 1490 Gratiot Ave, Detroit, MI 48207
Frequently Asked Questions
What type of property is this?
Storefront property - 10,000 SF multi-tenant building in Detroit's Eastern Market.
Where is this storefront property located?
The property is located at 1515 Division St Detroit, MI.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Prime Location: Situated in the heart of Detroit's highly desirable Eastern Market.; Fully Leased: Provides immediate and stable cash flow with three established retail tenants.; Significant Recent Upgrades: Ownership has invested in upgrades to MEP systems, roof, and storefront.
