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Michigan Avenue Retail Opportunity
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4717 4721 & 4723 Michigan Ave, Detroit, MI 48210

Three adjacent properties on Michigan Avenue in Southwest Detroit.

Space Size4,130 SF
Days on Market98

Property Features for 4717 4721 & 4723 Michigan Ave

General Information

Standard status Active
Size 4,130 SF
Property subtype Retail
Lease Type NNN

Building Details

Building Size 4,130 SF
Year Built 1924
Tenancy Single

Spaces For Lease

at 4717 4721 & 4723 Michigan Ave Contact us

Suite 1

Size
4,130 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: TAP CRE LLC
Listed By: Alan Davidov · License #6505433487
Source: Crexi
Added: May 7 Changed: Aug 10 Last Checked: Aug 11 at 9:56AM

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 TAP CRE LLC

Investment Insights

Based on property information with market context.

This commercial offering includes three adjacent properties located on Michigan Avenue in Southwest Detroit. The properties have a combined building footprint of over 4,100 square feet across three structures. The properties are located in a culturally rich and dynamic corridor and feature classic early-20th-century architecture and significant street frontage. This multi-parcel investment is positioned to capitalize on the neighborhood's active retail demand and vibrant local culture.

Key Highlights

  • Prime location on bustling Michigan Avenue in Southwest Detroit.
  • Combined building footprint of over 4,100 square feet across three adjacent properties.
  • Versatile opportunity for investors, developers, or owner‑operators.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Gym & Fitness Center Skin Care Clinic

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
$2.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

374
Businesses Nearby

Demographics for 48210, MI

27,155
Population
10,576
Households
2.6
Avg Household Size
28
Median Age
9%
College-Educated
57%
High-School Grad
4.9 sq mi
ZIP Area
5,542
Density / Sq Mi
$38,900
Median Household Income
$25,220
Median Earnings
$968
Median Rent
$60,100
Median Home Value

Market

Lease Benchmarks for Detroit, MI

$14.67 /SF/Yr
Avg Asking Price
$3–$30 /SF/Yr
Price Range
13,749 SF
Avg Space Size

This space is priced 5% below the average of $14.67 /SF/Yr.

Vacancy Rate% for Retail in Detroit, MI

7.5% 2019
9.2% 2020
8.5% 2021
7.3% 2022
7.9% 2023
7% 2024
7% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Three adjacent properties on Michigan Avenue in Southwest Detroit.
Where is this retail space located?
The property is located at 4717 4721 & 4723 Michigan Ave Detroit, MI.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: Prime location on bustling Michigan Avenue in Southwest Detroit.; Combined building footprint of over 4,100 square feet across three adjacent properties.; Versatile opportunity for investors, developers, or owner‑operators.
(313) 306-7653 Call to check price and availability
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