Listing Agency: Alrig USA

Listed By: Vincent Pipia · License #MI 6501400083

Source: Crexi

Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 5:59PM

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Investment Insights

Based on property information with market context.

This retail space comprises 10,164 square feet and is offered for sale. The property is located at 4870 Cass Ave in Detroit, Michigan 48201 and carries a reported 7.03% CAP rate.

Key Highlights

• 10,164 SF of retail space
• Reported 7.03% CAP rate
• Located at 4870 Cass Ave, Detroit, MI 48201

Property Analytics

Current Use

Bodylight Massage, Maui Alternative Medicine Practice Ima Noodles Restaurant Bank of America ATM Atm Cosmic energy Medical Clinic Tech Forte (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Nail Salon Spa & Massage Center Hair Salon Building Supply Law Firm Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,282

Businesses Nearby

118k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 43% Dining 34% Apparel 19% Electronics 3%

McDonald's Dining

31,104 visits/mo 0.4 miles

Shell Shops & Services

13,363 visits/mo 0.2 miles

BP Shops & Services

11,542 visits/mo 0.4 miles

Carhartt Apparel

11,364 visits/mo 0.5 miles

Barnes & Noble Shops & Services

10,023 visits/mo 0.1 miles

Demographics for 48201, MI

14,500

Population

9,900

Households

1.5

Avg Household Size

33

Median Age

37%

College-Educated

88%

High-School Grad

1.9 sq mi

ZIP Area

7,632

Density / Sq Mi

$24,392

Median Household Income

$36,835

Median Earnings

$841

Median Rent

$401,500

Median Home Value

Market

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 - Commercial retail property available for acquisition.

Where is this retail space located?

The property is located at 4870 Cass Ave Detroit, MI.

What are key features of this property?

This property features: 10,164 SF of retail space; Reported 7.03% CAP rate; Located at 4870 Cass Ave, Detroit, MI 48201