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Storefront Retail Building with Alley Loading
New
For Sale
$2,100,000

2489 Russell Street, Detroit, MI 48207

The building fronts Russell and Winder streets and also has access from the alley.

Property SizeContact for details
Days on Market2

Property Features for 2489 Russell Street

General Information

Standard status Active

Additional Details

Corner Location Yes

Amenities

parking on both sides
alley access
two large walk-in coolers
hydraulic elevator
overhead door

Building Details

Year Built 1981
Buildings 1
Listing Agency: KW Metro
Listed By: Joanna Darmanin · License #6501312160
Source: Jimdehaan
Added: Oct 11 Last Checked: Oct 11 at 2:24PM

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 KW Metro

Investment Insights

Based on property information with market context.

This Detroit storefront property has 7,600 square feet of first-floor retail space, with office, storage and warehouse areas, an employee break room, restrooms, a locker room and a small roasting room. The lower level adds 5,200 square feet of open storage. Building features include two walk-in coolers, a hydraulic elevator and an overhead door connecting to the alley. The structure dates to 1981, and both HVAC systems were replaced in 2021.

The property fronts Russell Street and Winder Street in the Eastern Market district. Alley access and parking on both sides of the building are additional site features.

Key Highlights

  • 7,600 SF of first‑floor retail space and 5,200 SF of lower‑level open storage
  • Frontage on Russell Street and Winder Street in Detroit’s Eastern Market district
  • Office, warehouse and storage areas, employee facilities, and a small roasting room

Property Analytics

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Current Use

Rocky's Historic Eastern ... Grocery & Convenience Store Great Lakes Coffee Cafe & Coffee Shop Halina’s Florist (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Building Supply Auto Repair Shop Auto Parts Store Spa & Massage Center Hair Salon Kitchen & Bath Showroom

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

1,165
Businesses Nearby
44k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 83% Shops & Services 17%
McDonald's Dining
33,321 visits/mo 0.5 miles
Chase Bank Shops & Services
3,760 visits/mo 0.2 miles
BP Shops & Services
3,606 visits/mo 0.5 miles
Sala Thai Dining
3,150 visits/mo 0.3 miles

Demographics for 48207, MI

21,704
Population
13,026
Households
1.7
Avg Household Size
42
Median Age
35%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
3,445
Density / Sq Mi
$44,561
Median Household Income
$43,377
Median Earnings
$1,040
Median Rent
$193,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

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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Similar Off Market Nearby

  • Sweet Ambiance Events — 1442 Brush St, Detroit, MI 48226
  • Flowers for Dreams — 1490 Gratiot Ave, Detroit, MI 48207

Frequently Asked Questions

What type of property is this?
Storefront property - The building fronts Russell and Winder streets and also has access from the alley.
Where is this storefront property located?
The property is located at 2489 Russell Street Detroit, MI.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 7,600 SF of first‑floor retail space and 5,200 SF of lower‑level open storage; Frontage on Russell Street and Winder Street in Detroit’s Eastern Market district; Office, warehouse and storage areas, employee facilities, and a small roasting room
More about this property
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