Retail Space on Woodward
For Lease
$27 SF/Yr
8500 Woodward Ave, Detroit, MI 48202
Retail space for lease in Detroit's North End neighborhood.
Space SizeContact for details
Days on Market110
Property Features for 8500 Woodward Ave
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1973
Units
5
Listing Agency:
GRI Homes for Today
(248) 515-7606
Listed By:
Tjader Gerdom · License #6502357230
(248) 515-7606
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 10 at 6:30AM
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 GRI Homes for Today
Investment Insights
Based on property information with market context.
Available for lease is a retail space ranging from 945 to 1,890 square feet, situated on Woodward Avenue in Detroit's North End neighborhood. The location offers ample onsite parking and features large pylon signage. Accessibility is facilitated by its location on Woodward Avenue and East Philadelphia Street. A bus stop is located less than a block from the property. Proximity to M-10, I-75, I-96, and I-96, all within a 5-minute drive, enhances connectivity. Nearby landmarks within walking distance include Henry Ford Hospital, the Fischer Building, Shinola HQ, and the Detroit People's Food Co-op. The location has a bike score of 70, indicating it is very bikeable, a walk score of 85, indicating it is very walkable, and a transit score of 53, indicating good transit options. Family Dollar and Ocean Fish & Chicken are co-tenants at this location. Lease terms are negotiable.
Key Highlights
- High Walk Score (85): Very walkable location close to key destinations
- Excellent Transportation Access: Easy access to M‑10, I‑75, I‑96 freeways
- High Bike Score (70): Very bikeable location
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$4.05 /SF/Yr
CAM
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
$14.67 /SF/Yr
Avg Asking Price
$3–$30 /SF/Yr
Price Range
13,749 SF
Avg Space Size
This space is priced 84% above the average of $14.67 /SF/Yr.
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space for lease in Detroit's North End neighborhood.
Where is this retail space located?
The property is located at 8500 Woodward Ave Detroit, MI.
What is the lease rate?
The lease rate is $27 SF/Yr.
What are key features of this property?
This property features: High Walk Score (85): Very walkable location close to key destinations; Excellent Transportation Access: Easy access to M‑10, I‑75, I‑96 freeways; High Bike Score (70): Very bikeable location
