Building Details

Year Built 1954

Listing Agency: Beal Properties LLC a***@gobeal.com Show Phone

Listed By: Stewart Beal · License #6502380164

Source: Katie-k

Added: Jul 15 Changed: Aug 29 Last Checked: Aug 25 at 4:57AM

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Investment Insights

Based on property information with market context.

This 638 SF storefront property was built in 1954 and offers 24 feet of frontage along Richter St. The space was previously used for convenience and retail purposes, providing a commercial layout suited to similar occupancy or other uses subject to applicable approvals.

The property is near schools and residential neighborhoods in River Rouge, MI. It carries R1 zoning and is taxed as commercial property; prospective tenants should independently confirm permitted uses. Typical lease terms range from 6–12 months.

Key Highlights

• 638 SF storefront property
• 24 ft of frontage on Richter St
• Previously used for convenience and retail

Property Analytics

Property Profile

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Nail Salon Parking Lot & Garage 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.

Lease Details

NNN (Triple Net)

Lease Type

$3.15 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

288

Businesses Nearby

19k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 66% Shops & Services 34%

McDonald's Dining

12,545 visits/mo 0.4 miles

BP Shops & Services

4,960 visits/mo 0.5 miles

Sunoco Shops & Services

1,410 visits/mo 0.4 miles

Demographics for 48218, MI

7,271

Population

3,466

Households

2.1

Avg Household Size

34

Median Age

7%

College-Educated

78%

High-School Grad

2.2 sq mi

ZIP Area

3,305

Density / Sq Mi

$32,683

Median Household Income

$32,246

Median Earnings

$759

Median Rent

$56,100

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

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the lease rate? Find similar properties ... What are key features of this property?

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Similar Off Market Nearby

• Now and Forever Flower Boutique — 10512 W Jefferson Ave, River Rouge, MI 48218

Frequently Asked Questions

What type of property is this?

Storefront property - Compact commercial space with street frontage, R1 zoning, and a history of convenience and retail use.

Where is this storefront property located?

The property is located at 288 Richter St River Rouge, MI.

What is the lease rate?

The lease rate is $21 SF/Yr.

What are key features of this property?

This property features: 638 SF storefront property; 24 ft of frontage on Richter St; Previously used for convenience and retail