Listing Agency: CBRE - Detroit

Listed By: Scott Young · License #6502405265 Show Phone

Source: Cbre

Added: Mar 25 Changed: Oct 27 Last Checked: Oct 28 at 4:37AM

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Investment Insights

Based on property information with market context.

This commercial real estate offering is a retail property located in Redford, Michigan. The property is suitable for retail and other commercial uses.

Key Highlights

• Retail property
• Available for sale
• Located in Redford, Michigan

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Retail properties & Spaces

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Restaurant Big Box & Wholesale Store Building Supply

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

371

Businesses Nearby

47k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 50% Shops & Services 48% Home Improvements & Furnishings 2%

McDonald's Dining

17,895 visits/mo 0.1 miles

BP Shops & Services

13,593 visits/mo 0.1 miles

Arby's Dining

5,617 visits/mo 0.4 miles

Pet Supplies Plus Shops & Services

4,177 visits/mo 0.3 miles

AutoZone Shops & Services

2,814 visits/mo 0.1 miles

Demographics for 48239, MI

36,814

Population

14,869

Households

2.5

Avg Household Size

40

Median Age

23%

College-Educated

93%

High-School Grad

9.5 sq mi

ZIP Area

3,875

Density / Sq Mi

$69,373

Median Household Income

$41,113

Median Earnings

$1,355

Median Rent

$145,900

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Retail property - Retail property available for sale in Redford, Michigan.

Where is this retail property located?

The property is located at 24225 Five Mile Road Redford, MI.

What are key features of this property?

This property features: Retail property; Available for sale; Located in Redford, Michigan