End-Unit Retail
New
For Lease
$2,000/Mo
16311 W Grand River Avenue, Detroit, MI 48227
A former pharmacy space includes central air and an adjacent parking lot.
Space Size2,100 SF
Days on Market4
Property Features for 16311 W Grand River Avenue
General Information
Standard status
Active
Size
2,100 SF
Net Rentable
2,100 SF
Space & Availability
Available Space
2,100 SF
Contiguous Space
2,100 SF
Additional Details
End Cap
Yes
Amenities
central air
adjacent parking lot
Listing Agency:
Signature Sotheby's International Realty Bham
Listed By:
Jessica R Toomer Shannon
(248) 644-7000
Source:
Exprealty
Added: Oct 13
Changed: Oct 16
Last Checked: Oct 16 at 9:01AM
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 Signature Sotheby's International Realty Bham
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,100-square-foot end unit at 16311 W Grand River Ave in Detroit was built in 1939 and has central air. The space was previously used as a pharmacy and is offered for rent.
An adjacent parking lot serves the unit. The tenant is responsible for electricity, heat, water, and any needed build-out. The property has a Walk Score of 56, a Bike Score of 44, and a Transit Score of 50.
An adjacent parking lot serves the unit. The tenant is responsible for electricity, heat, water, and any needed build-out. The property has a Walk Score of 56, a Bike Score of 44, and a Transit Score of 50.
Key Highlights
- 2,100‑square‑foot end unit
- Central air
- Adjacent parking lot
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.71 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
549
Businesses Nearby
79k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 27%
Apparel 14%
Wendy's
Dining
18,403 visits/mo
0.4 miles
Dollar Tree
Shops & Services
18,311 visits/mo
0.4 miles
Family Dollar
Shops & Services
9,255 visits/mo
0.3 miles
Bank of America
Shops & Services
7,588 visits/mo
0.5 miles
Citgo
Shops & Services
4,791 visits/mo
0.4 miles
Demographics for 48227, MI
40,266
Population
19,933
Households
2
Avg Household Size
36
Median Age
12%
College-Educated
83%
High-School Grad
7.5 sq mi
ZIP Area
5,369
Density / Sq Mi
$36,221
Median Household Income
$31,797
Median Earnings
$1,034
Median Rent
$70,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Lease Benchmarks for Detroit, MI
$18.16 /SF/Yr
Avg Asking Price
$5.35–$100 /SF/Yr
Price Range
12,993 SF
Avg Space Size
This space is priced 37% below the average of $18.16 /SF/Yr.
Vacancy Rate% for Retail in Detroit, MI
Frequently Asked Questions
What type of property is this?
Retail space - A former pharmacy space includes central air and an adjacent parking lot.
Where is this retail space located?
The property is located at 16311 W Grand River Avenue Detroit, MI.
What is the lease rate?
The lease rate is $2,000/Mo.
What are key features of this property?
This property features: 2,100‑square‑foot end unit; Central air; Adjacent parking lot
