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    18430 Fenkell Ave Detroit, MI 48223

    For Sale
    Contact for pricing

    14,564 SF Retail Space - Sale or Lease

    Property size:
    14,564 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 14,564 square foot retail property, formerly a Rite Aid, presents a unique investment or leasing opportunity in Detroit, Michigan. Located at 18430 Fenkell Ave, in the bustling Rosedale Park neighborhood, this single-tenant building sits on a 1.5-acre lot and boasts 62 parking spaces. Built in 2006, the property features a convenient drive-thru and is zoned B4. The large interior offers adaptable layout options, making it suitable for a variety of retail uses. This well-maintained building benefits from a high-traffic location at the intersection of Grand River and Fenkell Avenues, within a densely populated area. The surrounding area includes a mix of established businesses such as Rent-a-Center, McDonald's, Dollar General, Little Caesars Pizza, CVS, KFC, and Wendy's, indicating strong retail viability. Demographic data reveals a population exceeding 443,000 within a 5-mile radius, with an average household income exceeding $61,397 within 1 mile. The property's parcel number is 22-00-723-30-01A. This is a prime opportunity to acquire a substantial retail space in a thriving Detroit neighborhood. The property is currently vacant and available for immediate lease or purchase. The lease type is Net.

    Property Features for 18430 Fenkell Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    14,564 SF
    Lot Size
    65,340 SF

    Building Details

    Year Built
    2006
    Buildings
    1

    HighLights

    • Spacious interior offers flexible layout options.
    • Drive‑thru available.
    • High‑traffic location in Detroit's Rosedale Park neighborhood.
    • Prime corner location at Grand River and Fenkell with high traffic counts and strong retail presence.
    • Dense population: 443,000+ within a 5‑mile radius.
    • High average household income exceeding $61,397 within 1 mile.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.222943036028
    Latitude
    42.401210737165

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    FAQs

    What type of property is this?
    Individual retail property - 14,564 SF Retail Space - Sale or Lease
    Where is this individual retail property located?
    The property is located at 18430 Fenkell Ave Detroit, MI.
    What are key features of this property?
    This property features: Spacious interior offers flexible layout options.; Drive-thru available.; High-traffic location in Detroit's Rosedale Park neighborhood.
    Request Owner's contact information
    18430 Fenkell Ave Detroit, MI 48223
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    18430 Fenkell Ave Detroit, MI 48223
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