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Freestanding Retail Building with Drive-Thru
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26000 Five Mile Rd, Redford, MI 48239

Freestanding drug store with drive-thru, leased by Walgreens under a corporate-backed arrangement.

Property Size2,000 SF
Days on Market122

Property Features for 26000 Five Mile Rd

General Information

Standard status Active
Size 2,000 SF
Property subtype Retail

Building Details

Tenancy Single
Listing Agency: Signature Associates
Listed By: ANATOLA SESI · License #6501444197
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 8:42AM

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 Signature Associates

Investment Insights

Based on property information with market context.

This Walgreens property features a new pilot concept in a free standing retail building equipped with a drive-thru. The building totals 2,000 sf, and the current configuration includes 1,000 sf of vacancy for upside in the investment.

The tenant is supported by a Walgreens corporate backed lease, with the location identified as a relocation from a previous Walgreens within the same direct trade area. The property is located at 26000 Five Mile Rd, Redford Charter Twp, MI 48239.

Key Highlights

  • Freestanding 2,000 SF drug store with drive‑thru
  • Leased by Walgreens under a corporate‑backed arrangement
  • Walgreens relocation within the direct trade area from a previous Walgreens location

Property Analytics

Current Use

Drug stores

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Parking Lot & Garage Big Box & Wholesale Store Gym & Fitness Center

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

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

383
Businesses Nearby
43k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 68% Dining 21% Home Improvements & Furnishings 11%
Family Dollar Shops & Services
11,290 visits/mo 0.0 miles
Community Choice Credit Union Shops & Services
6,650 visits/mo 0.2 miles
Mobil Shops & Services
6,399 visits/mo 0.1 miles
KFC Dining
5,446 visits/mo 0.2 miles
True Value Home Improvements & Furnishings
4,547 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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Similar Off Market Nearby

  • Walgreens Pharmacy 26000 Five Mile Rd, Redford Charter Twp, MI 48239
  • Rosanne Brisbey, RPH 25905 Five Mile Rd, Redford Charter Twp, MI 48239
  • Jill Wise 25905 Five Mile Rd, Redford Charter Twp, MI 482393226
  • COVID-19 Drive-Thru Testing at Walgreens 26000 Five Mile Rd, Redford Charter Twp, MI 48239
  • Jeffrey Aragones 25905 Five Mile Rd, Redford Charter Twp, MI 482393226

Frequently Asked Questions

What type of property is this?
Drug store - Freestanding drug store with drive-thru, leased by Walgreens under a corporate-backed arrangement.
Where is this drug store located?
The property is located at 26000 Five Mile Rd Redford, MI.
What are key features of this property?
This property features: Freestanding 2,000 SF drug store with drive‑thru; Leased by Walgreens under a corporate‑backed arrangement; Walgreens relocation within the direct trade area from a previous Walgreens location
(248) 882-0506 Call to check price and availability
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