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Mixed-Use Property with Retail Space
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Pending

414 North Union Street, Wilmington, DE 19805

Two-level property combines a ground-floor commercial unit with an upstairs apartment occupied by a long-term tenant.

Property Size748 SF
Days on Market143

Property Features for 414 North Union Street

General Information

Standard status Pending
Size 748 SF
Property subtype Mixed Use, Retail

Building Details

Buildings 1
Stories 2
Tenancy Multi
Listing Agency: Patterson Schwartz
Listed By: Pat Lorenz · License #DE#0024532
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 6:43PM

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 Patterson Schwartz

Investment Insights

Based on property information with market context.

This mixed-use property combines approximately 748 SF of ground-floor retail or restaurant space with a second-floor apartment. The commercial unit is described as well maintained, while the apartment has a long-term tenant in place, creating an established residential component within the building.

The property is situated on North Union Street in Wilmington, Delaware, along a main thoroughfare and within a high-density neighborhood. Its vertical configuration brings commercial and residential uses together in a compact asset, with the retail or restaurant space positioned below the apartment.

Key Highlights

  • Approximately 748 SF of ground‑floor retail or restaurant space
  • Second‑floor apartment with a long‑term tenant
  • Mixed‑use configuration combines commercial and residential components

Property Analytics

Current Use

Tornado Gyro & Grill Restaurant

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Storage Facility Law Firm

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,553
Businesses Nearby
44k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 57% Shops & Services 43%
McDonald's Dining
19,695 visits/mo 0.4 miles
AutoZone Shops & Services
6,479 visits/mo 0.2 miles
Dollar General Shops & Services
6,298 visits/mo 0.3 miles
7-Eleven Shops & Services
5,775 visits/mo 0.4 miles
Checkers Dining
4,308 visits/mo 0.4 miles

Demographics for 19805, DE

39,985
Population
17,281
Households
2.3
Avg Household Size
35
Median Age
23%
College-Educated
87%
High-School Grad
5.5 sq mi
ZIP Area
7,270
Density / Sq Mi
$56,708
Median Household Income
$38,043
Median Earnings
$1,203
Median Rent
$220,200
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-level property combines a ground-floor commercial unit with an upstairs apartment occupied by a long-term tenant.
Where is this mixed-use property located?
The property is located at 414 North Union Street Wilmington, DE.
What are key features of this property?
This property features: Approximately 748 SF of ground‑floor retail or restaurant space; Second‑floor apartment with a long‑term tenant; Mixed‑use configuration combines commercial and residential components
More about this property
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