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Restaurant and Retail Space Available
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150 Bagley St, Detroit, MI 48226

Restaurant and retail spaces for lease in Detroit, Michigan.

Space Size2,500 SF
Property Size9,600 SF
Days on Market749

Property Features for 150 Bagley St

General Information

Standard status Active
Size 2,500 SF
Property subtype Retail, Restaurant

Spaces For Lease

at 150 Bagley St Contact us

Available Space 2

Size
2,500 SF
Type
Retail, Restaurant
Contact us

Available Space 1

Type
Retail, Restaurant
One space left. hopefully for a restaurnt but can be retail. north corner is 1800sf...
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Listing Agency: RESTAURANT DEVELOPMENT ADVISORS
Listed By: Keith Rogers · License #6504206925
Source: Crexi
Added: Jul 16, 2024 Changed: Jul 6 Last Checked: Aug 1 at 8:07AM

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 RESTAURANT DEVELOPMENT ADVISORS

Investment Insights

Based on property information with market context.

Restaurant space ranging from 5400 to 9600 square feet is available on two levels, along with a 2500 square foot space suitable for retail or fast-casual dining. The landlord offers the space in white box condition. Tenant allowance and rent are negotiable.

Key Highlights

  • Restaurant space available, ranging from 5400 to 9600 sq ft.

Property Analytics

Current Use

United Artists Theater ... Tour Operator Residences @ 150 Bagley Housing Development United Artists Building Corporate Office

Suggested Use

Top Pick Electrical Service Kitchen & Bath Showroom Daycare Center Veterinary Clinic (Bike/Boat/Book/etc) Store HVAC 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
$5.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,487
Businesses Nearby
72k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 43% Shops & Services 31% Hotels & Casinos 19% Home Improvements & Furnishings 7%
Cambria Hotel Detroit Downtown Hotels & Casinos
13,247 visits/mo 0.5 miles
BP Shops & Services
12,434 visits/mo 0.5 miles
Burger King Dining
11,274 visits/mo 0.4 miles
White Castle Dining
8,727 visits/mo 0.5 miles
Marathon Shops & Services
7,847 visits/mo 0.3 miles

Demographics for 48226, MI

6,307
Population
5,160
Households
1.2
Avg Household Size
37
Median Age
53%
College-Educated
93%
High-School Grad
1.2 sq mi
ZIP Area
5,256
Density / Sq Mi
$69,813
Median Household Income
$60,957
Median Earnings
$1,714
Median Rent
$307,700
Median Home Value

Market

Lease Benchmarks for Detroit, MI

$16.76 /SF/Yr
Avg Asking Price
$3.15–$26.67 /SF/Yr
Price Range
4,075 SF
Avg Space Size

This space is priced 109% above the average of $16.76 /SF/Yr.

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Restaurant - Restaurant and retail spaces for lease in Detroit, Michigan.
Where is this restaurant located?
The property is located at 150 Bagley St Detroit, MI.
What is the lease rate?
The lease rate is $35 SF/Yr.
What are key features of this property?
This property features: Restaurant space available, ranging from 5400 to 9600 sq ft.
More about this property
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