Listing Agency: O'Connor Real Estate

Listed By: Vincent Mazzola · License #6501387170 Show Phone

Source: Cpix.resimplifi

Added: May 27 Changed: Aug 22 Last Checked: Sep 1 at 2:48PM

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Investment Insights

Based on property information with market context.

Available for lease is up to 4,720 RSF of premier retail space positioned for strong visibility in a dense activity center. The offering supports flexible retail or restaurant use, and it’s designed for tenants looking to capitalize on walkable destination traffic.

The property is located in Detroit’s Paradise Valley entertainment district and is surrounded by major cultural and sports destinations, including Comerica Park, Ford Field, the Detroit Opera House, and the DAC. Access is reinforced by abundant nearby parking, including dedicated spaces in the Opera House garage, supporting convenient arrival for patrons during peak event days and weekends.

This location is well-suited for retailers and restaurateurs that benefit from exposure to consistent crowds and a high-concentration tenant mix tied to entertainment and arts. If you’re seeking a storefront-style opportunity in a destination-driven area, this space offers the practical combination of visibility and parking that customers expect.

Key Highlights

• Up to 4,720 RSF retail space available
• Located in Detroit’s Paradise Valley entertainment district
• Steps from Comerica Park, Ford Field, and the Detroit Opera House

Property Analytics

Property Profile

Current Use

MuskOx Flannels Clothing & Fashion Store The Outloud Group Advertising Agency Financial Wize Mortgage ... Nursing Home Spectacles Clothing & Fashion Store idcwt Shop Home Decor Store

Suggested Use

Top Pick Auto Parts Store Kitchen & Bath Showroom Electrical Service Building Supply HVAC Service Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$3.75 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

5,897

Businesses Nearby

41k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Hotels & Casinos 81% Shops & Services 19%

Hilton Garden Inn Detroit Downtown Hotels & Casinos

13,735 visits/mo 0.1 miles

Hotel Indigo Detroit Downtown Hotels & Casinos

12,361 visits/mo 0.4 miles

Element Detroit At The Metropolitan Hotels & Casinos

6,858 visits/mo 0.1 miles

7-Eleven Shops & Services

4,881 visits/mo 0.4 miles

Huntington Bank Shops & Services

2,942 visits/mo 0.2 miles

Demographics for 48226, MI

6,307

Population

5,160

Households

1.2

Avg Household Size

37

Median Age

53%

College-Educated

93%

High-School Grad

1.2 sq mi

ZIP Area

5,256

Density / Sq Mi

$69,813

Median Household Income

$60,957

Median Earnings

$1,714

Median Rent

$307,700

Median Home Value

Market

Lease Benchmarks for Detroit, MI

$16.39 /SF/Yr

Avg Asking Price

$2.85–$35 /SF/Yr

Price Range

13,201 SF

Avg Space Size

This space is priced 53% above the average of $16.39 /SF/Yr.

Vacancy Rate% for Retail in Detroit, MI

7.5% 2019

9.2% 2020

8.5% 2021

7.3% 2022

7.9% 2023

7% 2024

7% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - High-visibility retail suite in an entertainment hub with abundant parking for retail and restaurant concepts.

Where is this retail space located?

The property is located at 230 E Grand River Ave Detroit, MI.

What is the lease rate?

The lease rate is $25 SF/Yr.

What are key features of this property?

This property features: Up to 4,720 RSF retail space available; Located in Detroit’s Paradise Valley entertainment district; Steps from Comerica Park, Ford Field, and the Detroit Opera House