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

8500 Woodward Avenue, Detroit, MI 48202

Available suites sit alongside Family Dollar and Ocean Fish & Chicken, with entry from two streets.

Space Size945 SF - 1,890 SF
Property Size13,068 SF
Days on Market295

Property Features for 8500 Woodward Avenue

General Information

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

Space & Availability

Available Space 945-1,890 SF
Space Use Retail

Site & Location

Neighborhood Piety Hill
Anchor Co-Tenants Family Dollar, Ocean Fish & Chicken
Highway Access Yes
Road Access Yes

Additional Details

Flexible Term Yes

Building Details

Building Size 13,068 SF
Year Built 1973
Units 5
Tenancy Multi
Listed By: Monique Carter · License #6506045427
Source: Carterassociatesrealty
Added: Jan 2 Changed: Oct 23 Last Checked: Oct 23 at 4:58PM

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 Monique Carter

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Investment Insights

Based on property information with market context.

Retail suites ranging from 945 to 1,890 square feet are available in a 1973-built property. Family Dollar and Ocean Fish & Chicken also occupy the property. On-site parking and pylon signage serve the retail spaces, and lease terms are negotiable.

The property fronts Woodward Avenue and has access from East Philadelphia Street. A bus stop is less than a block away, while M-10, I-75, and I-96 are reachable in under five minutes. Henry Ford Hospital, the Fischer Building, Shinola HQ, and Detroit People's Food Co-op are within walking distance.

Key Highlights

  • Retail suites from 945 to 1,890 SF
  • Family Dollar and Ocean Fish & Chicken occupy the property
  • On‑site parking and pylon signage

Property Analytics

Who owns this building? See the owner, sales and loan history
Open 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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

This space is priced 50% above the average of $17.99 /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

Frequently Asked Questions

What type of property is this?
Retail space - Available suites sit alongside Family Dollar and Ocean Fish & Chicken, with entry from two streets.
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: Retail suites from 945 to 1,890 SF; Family Dollar and Ocean Fish & Chicken occupy the property; On‑site parking and pylon signage
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