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    1501 Lafayette Blvd Detroit, MI 48216

    For Lease
    Contact for pricing

    5,000 SF Flex Space - Detroit, MI

    Lot size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 5,000-square-foot flex space, located at 1501 W Lafayette Blvd in Detroit, Michigan, presents a unique opportunity for businesses seeking versatile commercial real estate. The property, situated near the intersection of W Lafayette Blvd and Trumbull, boasts a convenient location within the 48216 zip code. Built in 1949, this two-story building offers a blend of retail and industrial functionality, perfectly suited for a variety of uses. The entire 5,000 square feet is currently vacant and available for lease, offering maximum flexibility for tenants. The space is divisible, with a minimum leasable area of 1,755 square feet, allowing for customization to meet specific business needs. The property's zoning designation as Retail/Flex/Light Industrial further enhances its adaptability. The single building comprises the entire property, identified by APN W08/I000057S. This prime location offers excellent accessibility and visibility, making it an ideal choice for businesses seeking a strategic presence in the Detroit market. The property's versatile nature and ample square footage make it a highly attractive option for a wide range of commercial enterprises. Contact us today to learn more about this exceptional opportunity.

    Property Features for 1501 Lafayette Blvd

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,000 SF

    Building Details

    Year Built
    1949
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space
    Size
    5,000 SF

    HighLights

    • Mixed‑use building in the desirable South Corktown neighborhood.
    • Retail/flex/light industrial space available, ranging from 1,755 SF to 5,000+ SF.
    • Second‑floor co‑working space included.
    • Conveniently located less than half a mile west of the Downtown CBD.
    • Strong surrounding retail presence including Batch Brewing, Mudgie's Deli & Wine Shop, and Burger King.
    • Just blocks from Ralph C. Wilson Centennial Park.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    magic towing Towing Service Breakthrough Towing LLC Towing Service The Yellow Wall Portrait Studio

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.06251557
    Latitude
    42.32542237

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    FAQs

    What type of property is this?
    Flex space - 5,000 SF Flex Space - Detroit, MI
    Where is this flex space located?
    The property is located at 1501 Lafayette Blvd Detroit, MI.
    What are key features of this property?
    This property features: Mixed-use building in the desirable South Corktown neighborhood.; Retail/flex/light industrial space available, ranging from 1,755 SF to 5,000+ SF.; Second-floor co-working space included.
    Request Owner's contact information
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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
    1501 Lafayette Blvd Detroit, MI 48216
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