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Retail Buildings with Open-Air Concept

8422-8434 Grand River Ave, Detroit, MI 48204

For Sale
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Two-building retail package featuring original brick walls and exposed steel framework for a proposed indoor-outdoor setting.

Property Size11,958 SF
Days on Market99

Property Features for 8422-8434 Grand River Ave

General Information

Standard status Active
Size 11,958 SF
Property subtype Retail
Zoning B4 - General Business District

Site & Location

Neighborhood Petoskey-Otsego

Building Details

Building Size 11,958 SF
Year Built 1929
Buildings 2
Construction brick and steel
Listing Agency: SVN-Cohn Commercial Properties
Listed By: Jacob Rosberg · License MI #6501418782
Source: Svn
Added: Aug 8 Changed: Oct 26 Last Checked: Nov 12 at 6:43AM

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 SVN-Cohn Commercial Properties

Rey
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Investment Insights

Based on property information with market context.

This offering includes two retail buildings that are being sold together as one package. The building at 8422 Grand River Avenue contains 7,918 square feet, while 8434 Grand River Avenue provides 4,040 square feet, for a combined 11,958 square feet. The structures retain original brick walls and exposed steel framework, supporting a proposed open-air concept rather than a conventional enclosed retail presentation.

The property has 171 feet on Grand River Avenue and is zoned B4 - General Business District. The proposed plan contemplates beer garden use, patio dining, and live outdoor music events, creating a setting that can accommodate both indoor and outdoor activity. Both buildings must be purchased together.

Key Highlights

  • Two retail buildings offered as one package
  • 8422 Grand River Avenue contains 7,918 square feet
  • 8434 Grand River Avenue contains 4,040 square feet

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon

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

340
Businesses Nearby

Demographics for 48204, MI

21,738
Population
13,691
Households
1.6
Avg Household Size
37
Median Age
10%
College-Educated
83%
High-School Grad
5.0 sq mi
ZIP Area
4,348
Density / Sq Mi
$32,875
Median Household Income
$26,701
Median Earnings
$970
Median Rent
$53,600
Median Home Value

Market

Average Price Trend$/SF for Retail space in Detroit, MI

$77.36 Jul
$85.06 Aug
$94.77 Sep
$105 Oct

Properties on Market for Retail space in Detroit

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Retail space - Two-building retail package featuring original brick walls and exposed steel framework for a proposed indoor-outdoor setting.
Where is this retail space located?
The property is located at 8422-8434 Grand River Ave Detroit, MI.
What are key features of this property?
This property features: Two retail buildings offered as one package; 8422 Grand River Avenue contains 7,918 square feet; 8434 Grand River Avenue contains 4,040 square feet
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