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    81 Erskine St Detroit, MI 48201

    Sponsored
    For Lease
    $30 SF/Yr ($10,500 /Mo)

    Modern Detroit storefront, restaurant space available.

    Lot size:
    4,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail opportunity is located in the vibrant SOMA district of Detroit, Michigan, at 81 Erskine St, 48201, nestled between Eliot and Erskine, Woodward & John R. The property, a Class B building constructed in 2021, boasts a total of 4,200 square feet across one five-story building. Currently, 8,093 square feet are vacant, offering significant potential for a variety of retail uses, including storefront and restaurant concepts. The space is zoned PD and features a single tenancy. The building offers convenient access to ample parking with 200+ spaces in an attached garage and includes elevators for easy access to all floors. This location benefits from its proximity to both Brush Park and Midtown, placing it within walking distance of hundreds of residential units and established national retail brands. Its strategic position near Woodward Avenue provides easy access to the arena district and Detroit's cultural center. The available spaces range in size, with smaller suites starting at 309 square feet and larger suites reaching up to 3,741 square feet. The property's APN is 01004187.001. This is a unique chance to establish a thriving business in a rapidly developing and highly desirable area of Detroit.

    Property Features for 81 Erskine St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,200 SF
    Class
    B
    Total Rate
    10500

    Building Details

    Year Built
    2021
    Buildings
    1
    Stories
    5

    Unit(s) available at that property

    Space
    Size
    3,741 SF
    Rate per SF
    $36

    HighLights

    • Prime location with proximity to numerous popular restaurants and retailers including Whole Foods, Starbucks, and Target (coming soon).
    • Strong tenant mix featuring diverse dining options (e.g., Bar Pigalle, Bakersfield, Empire Kitchen and Cocktails) and entertainment venues (e.g., The Historic Bonstelle Theatre).
    • Beneficial adjacency to established businesses such as The Scott, For the Love of Sugar, and Sugaring NYC.
    • Attractive neighborhood with community assets including MSU Community Music School.
    Property Profile Location Intelligence

    Current Use by Public Records

    BASK Detroit Spa And Health Club SOMA Parking Garage Parking Garage Anna’s Café Coffee Shop

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0563984
    Latitude
    42.3465789

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    FAQs

    What type of property is this?
    Restaurant - Modern Detroit storefront, restaurant space available.
    Where is this restaurant located?
    The property is located at 81 Erskine St Detroit, MI.
    What is the lease rate?
    The lease rate is $36 SF/Yr.
    What are key features of this property?
    This property features: Prime location with proximity to numerous popular restaurants and retailers including Whole Foods, Starbucks, and Target (coming soon).; Strong tenant mix featuring diverse dining options (e.g., Bar Pigalle, Bakersfield, Empire Kitchen and Cocktails) and entertainment venues (e.g., The Historic Bonstelle Theatre).; Beneficial adjacency to established businesses such as The Scott, For the Love of Sugar, and Sugaring NYC.
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    81 Erskine St Detroit, MI 48201
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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
    81 Erskine St Detroit, MI 48201
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