Listing Agency: CBRE - Detroit

Listed By: Scott Young · License #6502405265 Show Phone

Source: Cbre

Added: Mar 25 Changed: Oct 27 Last Checked: Oct 30 at 12:52PM

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Investment Insights

Based on property information with market context.

This commercial real estate offering is a retail property located at 26950 Grand River Avenue in Redford, Michigan. The property is classified as a retail space.

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 Spa & Massage Center Accounting Firm Cafe & Coffee Shop

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

495

Businesses Nearby

76k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 79% Shops & Services 21%

McDonald's Dining

20,145 visits/mo 0.1 miles

Taco Bell Dining

15,672 visits/mo 0.3 miles

Wendy's Dining

11,264 visits/mo 0.5 miles

KFC Dining

7,635 visits/mo 0.1 miles

Marathon Shops & Services

7,098 visits/mo 0.4 miles

Demographics for 48240, MI

17,962

Population

7,328

Households

2.5

Avg Household Size

38

Median Age

22%

College-Educated

89%

High-School Grad

3.7 sq mi

ZIP Area

4,855

Density / Sq Mi

$57,970

Median Household Income

$37,694

Median Earnings

$1,326

Median Rent

$120,700

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 26950 Grand River Avenue Redford, MI.

What are key features of this property?

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