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Prime Retail/Office Space in Detroit
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3031 W Grand Blvd - Retail, Detroit, MI 48202

Retail/office space in the heart of Detroit's New Center.

Space Size8,700 SF
Property Size496,208 SF
Days on Market206

Property Features for 3031 W Grand Blvd - Retail

General Information

Standard status Active
Size 8,700 SF
Class A
Property subtype Retail
Lease Term s

Building Details

Building Size 496,208 SF
Year Built 1982

Spaces For Lease

at 3031 W Grand Blvd - Retail Contact us

Available Space

Size
8,700 SF
Type
Neighborhood Center
Term
Negotiable
Rate
Contact for pricing
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Listing Agency:
Listed By: Christina Reum
Source: Naiglobal
Added: Jan 27 Changed: Aug 8 Last Checked: Aug 20 at 5:48AM

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 Christina Reum

Investment Insights

Based on property information with market context.

Located in the heart of the New Center area and the northern end of Midtown Detroit, this retail/office building offers excellent street visibility and high foot traffic due to its proximity to neighboring buildings. The property is within close proximity to Wayne State University and the Henry Ford Hospital Campus. Space available ranges from 371 to 8,700 square feet of prime retail space. The location provides convenient access to the QLINE and all bus routes. It is connected by a walkway to 2 million square feet of office space servicing 2,000 employees daily. The property features exclusive access to a loading dock and abundant parking, including an adjacent parking lot servicing the main retail entrance and additional building parking in a covered parking deck. A second entrance from the interior atrium provides access to retail stores, banks, a daycare, and a food court. The building includes an atrium, bank, post office, and conference facility, among other amenities. It is within walking distance of the historical Fisher Building, Cadillac Place, Hotel St. Regis, the Albert Kahn Building, the Center for Creative Studies, and the Wayne State University Interactive Bioscience Center. Lease terms are available for 5-10 years.

Key Highlights

  • Prime retail space available in the heart of New Center, ranging from 371‑8,700 SF.
  • High foot traffic location with excellent street visibility and a direct walkway connection to 2 million SF of office space servicing 2,000 employees daily.
  • Abundant parking options including an adjacent lot and covered parking deck.

Property Analytics

Current Use

Bank of America Financial ... Bank Detroit Caring Dentistry Dental Office Wilson Felicia DDS Dental Office WeldonIT (Bike/Boat/Book/etc) Store Henry Ford Medical ... Medical Clinic

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Parts Store Hair Salon Auto Repair Shop 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

Location Intelligence

Trade Area within ½ mile

4,237
Businesses Nearby

Demographics for 48202, MI

17,260
Population
10,078
Households
1.7
Avg Household Size
32
Median Age
38%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
5,076
Density / Sq Mi
$36,536
Median Household Income
$31,725
Median Earnings
$894
Median Rent
$193,700
Median Home Value

Market

Lease Benchmarks for Detroit, MI

$15.29 /SF/Yr
Avg Asking Price
$3–$30 /SF/Yr
Price Range
15,151 SF
Avg Space Size

Vacancy Rate% for Office in Detroit, MI

11.9% 2019
13.9% 2020
15.2% 2021
17.9% 2022
20.3% 2023
22% 2024
19.5% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail/office space in the heart of Detroit's New Center.
Where is this retail space located?
The property is located at 3031 W Grand Blvd - Retail Detroit, MI.
What are key features of this property?
This property features: Prime retail space available in the heart of New Center, ranging from 371‑8,700 SF.; High foot traffic location with excellent street visibility and a direct walkway connection to 2 million SF of office space servicing 2,000 employees daily.; Abundant parking options including an adjacent lot and covered parking deck.
More about this property
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