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Retail Space on Greenfield Road

8866 Greenfield Rd, Detroit, MI 48228

For Lease
$4,000/Mo

Retail space available in prime Detroit location with ample parking.

Space SizeContact for details
Property Size4,000 SF
Days on Market180

Property Features for 8866 Greenfield Rd

General Information

Standard status Active
Size 4,000 SF
Property subtype Commercial

Site & Location

Neighborhood We Care Community

Building Details

Building Size 4,000 SF
Year Built 1953
Listing Agency: Own It Realty
Listed By: Sonny Bertoni · License MI #6501433418
Source: Elliman
Added: May 15 Changed: Aug 8 Last Checked: Aug 25 at 9:15AM

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 Own It Realty

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This retail space is located in a prime area at Greenfield and Joy Road. The available unit offers excellent frontage and exposure. The unit provides 4,000 square feet of space. Ample parking is available. The location has a bike score of 46, indicating it is somewhat bikeable, a walk score of 54, indicating it is somewhat walkable, and a transit score of 45, suggesting some transit options are available.

Key Highlights

  • Prime location at Greenfield & Joy Road with excellent frontage and exposure.
  • Ample parking available.
  • 4,000 SF unit available.**

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Pac Power Inc-Perfecto ... Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Restaurant Spa & Massage Center Gym & Fitness Center

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
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

411
Businesses Nearby
31k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 52% Shops & Services 48%
White Castle Dining
11,027 visits/mo 0.0 miles
Church's Chicken Dining
5,411 visits/mo 0.5 miles
Family Dollar Shops & Services
5,404 visits/mo 0.4 miles
Advance Auto Parts Shops & Services
5,244 visits/mo 0.0 miles
Sunoco Shops & Services
4,291 visits/mo 0.2 miles

Demographics for 48228, MI

53,893
Population
22,620
Households
2.4
Avg Household Size
31
Median Age
11%
College-Educated
78%
High-School Grad
8.9 sq mi
ZIP Area
6,055
Density / Sq Mi
$31,485
Median Household Income
$27,533
Median Earnings
$1,086
Median Rent
$55,100
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

$22.12 /SF/Yr
Avg Asking Price
$5.35–$175 /SF/Yr
Price Range
12,068 SF
Avg Space Size

This space is priced 46% below the average of $22.12 /SF/Yr.

Average Price Trend$/SF/Yr for Retail space in Detroit, MI

$14.35 Jul
$16.35 Aug
$18.35 Sep
$19.75 Oct

Properties on Market for Retail space in Detroit

Jul
Aug
Sep
Oct

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 - Retail space available in prime Detroit location with ample parking.
Where is this retail space located?
The property is located at 8866 Greenfield Rd Detroit, MI.
What is the lease rate?
The lease rate is $4,000/Mo.
What are key features of this property?
This property features: Prime location at Greenfield & Joy Road with excellent frontage and exposure.; Ample parking available.; 4,000 SF unit available.**
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