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Ground Floor Retail in Mixed-Use Center
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856 N Old Woodward Ave, Birmingham, MI 48009

Newly constructed four-story mixed-use center offers ground-floor retail with dedicated on-site covered parking.

Space SizeContact for details
Days on Market203

Property Features for 856 N Old Woodward Ave

General Information

Standard status Active
Property subtype Mixed Use
Listing Agency: Forward Commercial Group
Listed By: Emil Cherkasov · License #6502392741
Source: Thebrokerlist
Added: Feb 18 Changed: Aug 14 Last Checked: Sep 9 at 5:13AM

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 Forward Commercial Group

Investment Insights

Based on property information with market context.

Newly constructed four-story luxury mixed-use center provides an opportunity to occupy the ground floor retail space. The building includes 26 luxury apartments on the upper levels, with dedicated on-site covered parking spaces available for retail tenants.

The property is located in Downtown Birmingham at the corner of Old Woodward and Oak Ave, offering a walkable setting to nearby restaurants, shopping, a farmers market, and Booth Park.

Retail tenants are supported by the dedicated covered parking, while the mixed-use format brings residential activity to the property with apartments located above the retail level.

Key Highlights

  • Newly constructed four‑story luxury mixed‑use center in Downtown Birmingham
  • Ground‑floor retail space available for occupancy
  • 26 luxury apartments located above the retail level

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Grocery & Convenience Store Garden Center Auto Parts Store (Bike/Boat/Book/etc) Store Catering Service Electrical Service

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,615
Businesses Nearby
97k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 32% Shops & Services 29% Dining 20% Home Improvements & Furnishings 6%
Kroger Groceries
30,850 visits/mo 0.4 miles
The Original Pancake House Dining
14,353 visits/mo 0.4 miles
Exxon Shops & Services
10,086 visits/mo 0.5 miles
AT&T Electronics
5,633 visits/mo 0.4 miles
The UPS Store Shops & Services
5,545 visits/mo 0.4 miles

Demographics for 48009, MI

21,817
Population
10,333
Households
2.1
Avg Household Size
43
Median Age
77%
College-Educated
99%
High-School Grad
5.0 sq mi
ZIP Area
4,363
Density / Sq Mi
$152,443
Median Household Income
$84,415
Median Earnings
$1,891
Median Rent
$712,000
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Newly constructed four-story mixed-use center offers ground-floor retail with dedicated on-site covered parking.
Where is this mixed-use property located?
The property is located at 856 N Old Woodward Ave Birmingham, MI.
What are key features of this property?
This property features: Newly constructed four‑story luxury mixed‑use center in Downtown Birmingham; Ground‑floor retail space available for occupancy; 26 luxury apartments located above the retail level
More about this property
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