Retail Storefront with Pylon
For Lease
Contact for pricing
8500-8540 Woodward Avenue, Detroit, MI 48202
Retail space for lease with ample onsite parking and large pylon signage, accessed from Woodward Avenue and East Philadelphia Street.
Space SizeContact for details
Days on Market166
Property Features for 8500-8540 Woodward Avenue
General Information
Standard status
Active
Property subtype
Retail
Zoning
B4
Site & Location
Neighborhood
Piety Hill
Listing Agency:
Gerdom Realty & Investment
Listed By:
Michael Murphy · License #6501389134
(248) 520-0524
Source:
Cpix.resimplifi
Added: May 12
Changed: Oct 12
Last Checked: Oct 24 at 1:32PM
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 Gerdom Realty & Investment
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail storefront property for lease offers ample onsite parking and large pylon signage for visibility. The site provides convenient access from both Woodward Avenue and East Philadelphia Street, supporting straightforward customer arrival.
The property is positioned to benefit from nearby co-tenancy, with Family Dollar and Ocean Fish & Chicken on Woodward Avenue. A bus stop is located less than a block from the site, and major routes including M-10, I-75, and I-96 are accessible within minutes.
Additional nearby destinations include Henry Ford Hospital, the Fischer Building, Shinola HQ, and Detroit People’s Food Co-op, each within walking distance.
The property is positioned to benefit from nearby co-tenancy, with Family Dollar and Ocean Fish & Chicken on Woodward Avenue. A bus stop is located less than a block from the site, and major routes including M-10, I-75, and I-96 are accessible within minutes.
Additional nearby destinations include Henry Ford Hospital, the Fischer Building, Shinola HQ, and Detroit People’s Food Co-op, each within walking distance.
Key Highlights
- Retail space for lease with ample onsite parking
- Large pylon signage on Woodward Avenue
- Access from both Woodward Avenue and East Philadelphia Street
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
1,467
Businesses Nearby
33k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 92%
Dining 6%
Electronics 3%
Family Dollar
Shops & Services
8,807 visits/mo
0.1 miles
Citgo
Shops & Services
6,019 visits/mo
0.1 miles
Citizens Bank
Shops & Services
5,642 visits/mo
0.4 miles
Marathon
Shops & Services
5,284 visits/mo
0.5 miles
Mobil
Shops & Services
4,652 visits/mo
0.4 miles
Demographics for 48202, MI
17,260
Population
10,078
Households
1.7
Avg Household Size
32
Median Age
38%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
5,076
Density / Sq Mi
$36,536
Median Household Income
$31,725
Median Earnings
$894
Median Rent
$193,700
Median Home Value
Market
Lease Benchmarks for Detroit, MI
$17.99 /SF/Yr
Avg Asking Price
$5.35–$100 /SF/Yr
Price Range
13,108 SF
Avg Space Size
Vacancy Rate% for Retail in Detroit, MI
Frequently Asked Questions
What type of property is this?
Retail space - Retail space for lease with ample onsite parking and large pylon signage, accessed from Woodward Avenue and East Philadelphia Street.
Where is this retail space located?
The property is located at 8500-8540 Woodward Avenue Detroit, MI.
What are key features of this property?
This property features: Retail space for lease with ample onsite parking; Large pylon signage on Woodward Avenue; Access from both Woodward Avenue and East Philadelphia Street
