Retail Space in Historic
New
For Lease
$24 SF/Yr
431 Gratiot Ave, Detroit, MI 48226
B4-zoned space is offered in shell condition for a tenant-designed buildout.
Space SizeContact for details
Days on Market3
Property Features for 431 Gratiot Ave
General Information
Standard status
Active
Property subtype
Retail
Zoning
B4
Listing Agency:
Colliers
Listed By:
Sheridan Burton
(248) 226-1852
Source:
Cpix.resimplifi
Added: Oct 6
Changed: Oct 7
Last Checked: Oct 7 at 2:52PM
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 Colliers
Investment Insights
Based on property information with market context.
This retail space occupies a historic building at 431 Gratiot Avenue in downtown Detroit. The interior is in shell condition, allowing a tenant to plan a buildout around its business needs.
Potential uses identified for the space include retail, restaurant, showroom, and creative commercial applications. The property is zoned B4.
Potential uses identified for the space include retail, restaurant, showroom, and creative commercial applications. The property is zoned B4.
Key Highlights
- Shell‑condition interior for tenant buildout
- B4 zoning
- Historic building at 431 Gratiot Avenue in downtown Detroit
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.60 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
5,844
Businesses Nearby
58k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 56%
Shops & Services 44%
Speedway
Shops & Services
17,648 visits/mo
0.5 miles
Hilton Garden Inn Detroit Downtown
Hotels & Casinos
13,735 visits/mo
0.1 miles
Hotel Indigo Detroit Downtown
Hotels & Casinos
12,361 visits/mo
0.5 miles
Element Detroit At The Metropolitan
Hotels & Casinos
6,858 visits/mo
0.3 miles
7-Eleven
Shops & Services
4,881 visits/mo
0.3 miles
Demographics for 48226, MI
6,307
Population
5,160
Households
1.2
Avg Household Size
37
Median Age
53%
College-Educated
93%
High-School Grad
1.2 sq mi
ZIP Area
5,256
Density / Sq Mi
$69,813
Median Household Income
$60,957
Median Earnings
$1,714
Median Rent
$307,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Detroit, MI
$18.31 /SF/Yr
Avg Asking Price
$5.35–$100 /SF/Yr
Price Range
13,272 SF
Avg Space Size
This space is priced 31% above the average of $18.31 /SF/Yr.
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - B4-zoned space is offered in shell condition for a tenant-designed buildout.
Where is this retail space located?
The property is located at 431 Gratiot Ave Detroit, MI.
What is the lease rate?
The lease rate is $24 SF/Yr.
What are key features of this property?
This property features: Shell‑condition interior for tenant buildout; B4 zoning; Historic building at 431 Gratiot Avenue in downtown Detroit
