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Retail Space with Pylon Signage
For Lease
$27 SF/Yr

8500 Woodward Avenue, Detroit, MI 48202

Retail suites provide onsite parking, pylon signage, and access from Woodward Avenue and East Philadelphia Street.

Space Size945 SF - 1,890 SF
Property Size13,068 SF
Days on Market240

Property Features for 8500 Woodward Avenue

General Information

Standard status Active
Size 945 SF - 1,890 SF
Net Rentable 945 SF
Lease Term Triple Net Lease

Space & Availability

Available Space 945-1,890 SF
Space Use Retail

Site & Location

Pylon Signage Yes
Anchor Co-Tenants Family Dollar, Ocean Fish & Chicken
Highway Access Yes
Road Access Yes

Amenities

onsite parking
pylon signage
bus stop

Building Details

Building Size 13,068 SF
Year Built 1973
Units 5
Tenancy Multi
Listing Agency: GRI Homes for Today
Listed By: Tjader Gerdom · License #6502357230
Source: Sabudarealty
Added: Jan 2 Changed: Aug 29 Last Checked: Aug 24 at 7:42AM

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.

Built in 1973, the property offers 945-1,890 SF of retail space for lease. Onsite parking, large pylon signage, and access from Woodward Avenue and East Philadelphia Street support customer arrival and storefront exposure.

A bus stop is less than a block away, with M-10, I-75, and I-96 access less than 5 minutes from the property. Family Dollar and Ocean Fish & Chicken are at the site. Henry Ford Hospital, the Fischer building, Shinola HQ, and Detroit People’s Food Co-op are described as walking distance from 8500 Woodward Avenue in Detroit’s North End neighborhood.

Key Highlights

  • 945‑1,890 SF of retail space for lease
  • Onsite parking and large pylon signage
  • Access from Woodward Avenue and East Philadelphia Street

Property Analytics

Current Use

Family Dollar Discount Store

Suggested Use

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

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

Lease Details

Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
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

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

$15.41 /SF/Yr
Avg Asking Price
$5.35–$30 /SF/Yr
Price Range
9,701 SF
Avg Space Size

This space is priced 75% above the average of $15.41 /SF/Yr.

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail suites provide onsite parking, pylon signage, and access from Woodward Avenue and East Philadelphia Street.
Where is this retail space located?
The property is located at 8500 Woodward Avenue Detroit, MI.
What is the lease rate?
The lease rate is $27 SF/Yr.
What are key features of this property?
This property features: 945‑1,890 SF of retail space for lease; Onsite parking and large pylon signage; Access from Woodward Avenue and East Philadelphia Street
More about this property
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