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Equipped Convenience Store Business
New
For Sale
$75,000

719 Griswold Street, Detroit, MI 48226

Existing shelving, beverage coolers, and refrigerated displays support an established retail setup.

Property Size371,405 SF
Price / SF$0.20
Days on Market3

Property Features for 719 Griswold Street

General Information

Standard status Active
Size 371,405 SF
Property subtype Commercial
Zoning Commercial

Site & Location

Neighborhood Downtown

Taxes and HOA fees

Annual Taxes $332,537

Building Details

Building Size 371,405 SF
Year Built 1921
Listed By: Ken Ferrier · License #6502125983
Source: Homeflexrealty
Added: Oct 26 Last Checked: Oct 26 at 3:39PM

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 Ken Ferrier

Rey
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Investment Insights

Based on property information with market context.

This convenience store business is offered without the real estate. Its retail setup includes shelving, beverage coolers, refrigerated displays, drink selections, snacks, everyday convenience products, and essential equipment. The existing merchandise arrangement can accommodate changes to the product mix.

The business is in downtown Detroit, among corporate offices, professional buildings, residential developments, hotels, and restaurants. Nearby destinations include Campus Martius Park, Huntington Place, and the Financial District.

Key Highlights

  • Business sale only; real estate is not included
  • Retail setup includes shelving, beverage coolers, refrigerated displays, and essential equipment
  • Existing selections include drinks, snacks, and everyday convenience products

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Jay Dee Contractors Construction Company Sewell Eugene Insurance Agency University of Phoenix University Northwestern Mutual Financial Advisor Dalton & Tomich PLC Law Firm

Suggested Use

Top Pick Auto Parts Store Electrical Service HVAC Service Kitchen & Bath Showroom Veterinary Clinic Daycare Center

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

5,740
Businesses Nearby
77k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Hotels & Casinos 79% Shops & Services 21%
Hilton Garden Inn Detroit Downtown Hotels & Casinos
13,735 visits/mo 0.3 miles
Cambria Hotel Detroit Downtown Hotels & Casinos
13,247 visits/mo 0.4 miles
Hotel Indigo Detroit Downtown Hotels & Casinos
12,361 visits/mo 0.2 miles
Fort Pontchartrain a Wyndham Hotel Hotels & Casinos
9,506 visits/mo 0.3 miles
Mobil Shops & Services
8,172 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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

Similar Off Market Nearby

  • Oooh Wee @ One Mike Detroit — 1331 Broadway St, Detroit, MI 48226
  • PAO Detroit - Modern Dining — 114 w adams ave, detroit, mi 48226
  • One Lit Brunch at Annex — 24 W Adams Ave B, Detroit, MI 48226
  • Love & Tequila — 20 W Adams Ave, Detroit, MI 48226

Frequently Asked Questions

What type of property is this?
Grocery and convenience store - Existing shelving, beverage coolers, and refrigerated displays support an established retail setup.
Where is this grocery and convenience store located?
The property is located at 719 Griswold Street Detroit, MI.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: Business sale only; real estate is not included; Retail setup includes shelving, beverage coolers, refrigerated displays, and essential equipment; Existing selections include drinks, snacks, and everyday convenience products
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