Prime Retail and Charging
For Sale
Contact for pricing
8500 Gratiot Ave, Detroit, MI 48213
Development opportunity in Detroit's global mobility ecosystem.
Property SizeContact for details
Days on Market656
Property Features for 8500 Gratiot Ave
General Information
Standard status
Active
Property subtype
Land
Zoning
B4
Listing Agency:
Summit Commercial LLC
(313) 872-1300
Listed By:
Bunia Parker · License #MI 6502357630
Source:
Crexi
Added: Nov 4, 2024
Changed: Aug 10
Last Checked: Aug 21 at 9:15PM
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 Summit Commercial LLC
Investment Insights
Based on property information with market context.
The City of Detroit is focused on developing highly visible electric vehicle (HVEV) corridors, aiming to improve charging and retail access for residents, visitors, and road users. These corridors have been identified as prime development locations based on traffic data, industrial job centers, community planning initiatives, tourist attractions, and dense residential areas. The program aims to foster confidence in electric vehicle (EV) users by reducing range anxiety and improving data for seamless navigation. The City encourages private retailers and developers to invest in select properties for retail and EV charging infrastructure, with site footprints including plans for both a retail building and direct current (DC) fast chargers. The City of Detroit will support the contracted retailer through a partnership with DTE Energy to ensure the electrical grid at the sites has sufficient capacity to support any facility and EV charger requirements. This effort supports the growth of the EV market in Detroit, the Southeast Michigan Region, and international travel from Canada. Retailers and developers will contribute to the sustainable development of the city and the successful transition towards cleaner transportation by implementing this program. The Detroit Building Authority (DBA), the City of Detroit’s Planning and Development Department (PDD), and the Office of Mobility Innovation invite businesses to invest in the global mobility ecosystem that Detroit is leading the development of and seek proposals from qualified entities to propose a development for this prime retail and charging location. The City of Detroit seeks proposals for new development that will build upon the inherent strengths of this rare location and properly unlock the potential of this site.
Key Highlights
- Prime location within Detroit's Highly Visible Electric Vehicle (HVEV) corridor.
- Opportunity to develop retail space with direct current (DC) fast chargers.
- City of Detroit support through a partnership with DTE Energy to ensure sufficient electrical grid capacity.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
Explore this area
Business Placement
Demographics for 48213, MI
19,088
Population
11,365
Households
1.7
Avg Household Size
39
Median Age
7%
College-Educated
82%
High-School Grad
6.5 sq mi
ZIP Area
2,937
Density / Sq Mi
$33,755
Median Household Income
$24,765
Median Earnings
$837
Median Rent
$52,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - Development opportunity in Detroit's global mobility ecosystem.
Where is this commercial land located?
The property is located at 8500 Gratiot Ave Detroit, MI.
What is the asking price?
The asking price for this property is $64,000.
What are key features of this property?
This property features: Prime location within Detroit's Highly Visible Electric Vehicle (HVEV) corridor.; Opportunity to develop retail space with direct current (DC) fast chargers.; City of Detroit support through a partnership with DTE Energy to ensure sufficient electrical grid capacity.
