Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Freestanding Corner Retail Building Title is generated by Realmo AI

    18585 Dale Street, Detroit, MI 48219

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Freestanding retail building on a signalized corner with extensive surface parking and strong roadway frontage.

    Type:Retail
    Property size:
    10,024 SF
    Lot size:
    1.18 Acres
    Added:
    May 27, 2026
    Days on Market:
    12
    Last Refresh:
    Jun 6 at 5:27 am

    Property Features for 18585 Dale Street

    General Information

    Standard status
    Active
    Size
    10,024 SF
    Lot size
    1.18 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    1999

    Spaces For Lease

    at 18585 Dale Street Contact us

    We can help!

    Listing Contact
    Simon Jonna
    Simon Jonna

    Listing agent Simon Jonna License #MI 6501357188

    Listing office The Jonna Group at Colliers International

    Listing date May 27, 2026

    Source Crexi

    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 The Jonna Group at Colliers International

    HighLights

    • 10,024 SF freestanding retail building built in 1999
    • Situated on a busy signalized corner at Telegraph Rd and Grand River Ave in Detroit, MI
    • Located on 1.18 acres with 50+ surface parking spaces
    • 356' frontage on Telegraph Rd and 155' frontage on Grand River Ave
    • Former CVS Pharmacy building in a densely populated area (108k+ people within 3 miles; 298k+ within 5 miles)
    • Minutes from Southfield, Redford, and Livonia

    Overview

    This freestanding retail building totals 10,024 square feet and is positioned on a 1.18-acre site. The property features substantial off-street parking, with 50+ surface spaces available for customers and employees. The building is described as a former CVS Pharmacy, providing an established retail storefront configuration.

    Situated on a busy signalized corner at Telegraph Road and Grand River Avenue in Detroit, the site offers 356 feet of frontage along Telegraph Road and 155 feet along Grand River Avenue. It is located in a densely populated area, with 108k+ people reported within a 3-mile radius and 298k+ within a 5-mile radius.

    For tenants seeking a standalone retail presence, the combination of corner exposure, long roadway frontage, and ample surface parking supports a wide range of customer-oriented uses. The property’s former pharmacy use may be particularly relevant for operators looking for an existing retail buildout and prominent street visibility at a signalized intersection.
    Location Intelligence

    Current Use by Public Records

    CDReload - Online Bitcoin ... Crypto Atm UPS Access Point ... Courier Service CVS Photo (Bike/Boat/Book/etc) Store MoneyGram Bank Coinhub Bitcoin ATM ... Atm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Precare Pharmacy & $Dollar$ Mart — Redford Charter Twp, MI 48240
    • CVS Pharmacy — 18585 DALE ST CORNER OF TELEGRAPH+GRAND, Detroit, MI 48219
    • Bliink187 — 22503 Grand River Ave #19271, Detroit, MI 48219
    • CVS — 18585 DALE ST CORNER OF TELEGRAPH+GRAND, Detroit, MI 48219
    • SmartRx Pharmacy — 23601 W 7 Mile Rd, Detroit, MI 48219

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.276908
    Latitude
    42.426063

    Nearby Similar for Lease

    • $2,000/Mo
      2,000 SF

      Wide Open Retail Building

      Flexible retail suite with tall ceilings, two lavatories, and a fenced, gated rear yard for additional use.
      8235 W 8 Mile Road, Detroit, MI 48221
      View Details
    • $3,200/Mo
      3,100 SF

      Flex Warehouse with Roll-Up Door

      Fully renovated flex warehouse with podcast studio and rear roll-up access for creative or distribution tenants.
      16813 WYOMING Street, Detroit, MI 48221
      View Details
    • $2,500/Mo
      6,581 SF

      Detroit Retail/Restaurant Opportunity

      2700 SF building suitable for pharmacy or restaurant use.
      20500 GREENFIELD Road, Detroit, MI 48235
      View Details
    • $2,500/Mo
      3,924 SF

      Detroit Auto Shop For Rent

      Four-bay auto facility with parking and recent updates.
      13040 Harper Avenue, Detroit, MI 48213
      View Details
    • $1,100/Mo
      666 SF

      Detroit Retail Space on Warren

      Highly visible commercial space on Warren Avenue, Detroit, for lease.
      16911 E Warren Avenue, Detroit, MI 48224
      View Details
    • $800/Mo
      165,712 SF

      Detroit Industrial Creative Hub Space

      Flexible spaces for creative studios, light industrial, and more.
      1600 Clay Street, Detroit, MI 48211
      View Details
    • $2,300/Mo
      52,386 SF

      Downtown Detroit Commercial Space Available

      Three adjacent units in downtown Detroit, flexible lease terms.
      2627 John R Street, Detroit, MI 48201
      View Details
    • $5,900/Mo
      13,735 SF

      Detroit Industrial/Commercial Opportunity For Rent

      Industrial/commercial space with flexible uses on a 0.7-acre fenced lot.
      9900 NORTHLAWN Street, Detroit, MI 48204
      View Details
    • $2,200/Mo
      5,220 SF

      Detroit Retail Strip Center

      Five retail units available in Southwest Detroit.
      7440 W Vernor Highway W, Detroit, MI 48209
      View Details
    • $2,200/Mo
      2,000 SF

      Downtown Detroit Commercial Space

      Prime location near entertainment venues, ideal for bar or lounge.
      2619 John R ST, Detroit, MI 48201
      View Details
    • $2,500/Mo
      6,093 SF

      Detroit Warehouse with Office Space

      6000+ SF warehouse with private office and overhead door.
      14400 JOY Road, Detroit, MI 48228
      View Details
    • $12 SF/Yr
      8,100 SF

      Freestanding Retail Building For Lease

      Retail building with open interior and dedicated parking available for lease.
      13110 W Mcnichols Road, Detroit, MI 48235
      View Details

    FAQs

    What type of property is this?
    Drug store - Freestanding retail building on a signalized corner with extensive surface parking and strong roadway frontage.
    Where is this drug store located?
    The property is located at 18585 Dale Street Detroit, MI.
    What are key features of this property?
    This property features: 10,024 SF freestanding retail building built in 1999; Situated on a busy signalized corner at Telegraph Rd and Grand River Ave in Detroit, MI; Located on 1.18 acres with 50+ surface parking spaces
    (248) 226-1610 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Simon Jonna
    Simon Jonna
    Real Estate License ID: MI 6501357188
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    18585 Dale Street, Detroit, MI 48219
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!