Listing Agency: Summit Commercial LLC Show Phone

Listed By: Jason Gage · License #6504376893

Source: Crexi

Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 4:46PM

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Investment Insights

Based on property information with market context.

This flex space combines a clean, adaptable site with new bays and a large yard. Electric service and heat are in place, supporting a range of commercial operating needs. A new 5 year lease is in place, with a cap rate above 7%.

The property is located at 17853-17881 Conant St in Detroit, near Hamtramck and I-75. Its position along the busy Conant corridor provides a defined commercial setting with yard area and flexible improvements.

Key Highlights

• New 5 year lease in place
• Cap rate above 7%
• Large yard included with the flex space

Property Analytics

Current Use

Flex space

Suggested Use

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

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

324

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 48212, MI

43,192

Population

14,739

Households

2.9

Avg Household Size

29

Median Age

16%

College-Educated

68%

High-School Grad

5.3 sq mi

ZIP Area

8,149

Density / Sq Mi

$37,293

Median Household Income

$28,894

Median Earnings

$935

Median Rent

$98,200

Median Home Value

Market

Vacancy Rate% for Industrial in Detroit, MI

3% 2019

4.2% 2020

2.5% 2021

2.4% 2022

3% 2023

3.4% 2024

3.7% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Leased property offers new bays, electric service, and heat along the Conant corridor.

Where is this flex space located?

The property is located at 17853-17881 Conant St Detroit, MI.

What are key features of this property?

This property features: New 5 year lease in place; Cap rate above 7%; Large yard included with the flex space