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Midtown Detroit Retail Opportunity
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4 E Alexandrine St, Detroit, MI 48201

Prime retail space in a vibrant mixed-use property.

Space Size1,400 SF
Days on Market1354

Property Features for 4 E Alexandrine St

General Information

Standard status Active
Size 1,400 SF
Property subtype RETAIL
Lease Type Modified Gross

Spaces For Lease

at 4 E Alexandrine St Contact us

4 East Alexandrine $21/SF/Yr

Floor
1
Size
1,400 SF
Type
RETAIL
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
No
- Former Comerica Bank space and Subway space are available for lease on the ground...
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Listing Agency: Keystone Commercial Real Estate
Listed By: Jason Orow · License #6501379713
Source: Moodyscre
Added: Dec 19, 2022 Changed: Aug 25 Last Checked: Sep 2 at 12:58AM

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 Keystone Commercial Real Estate

Investment Insights

Based on property information with market context.

Located in the heart of Midtown Detroit, 4 E Alexandrine St offers a retail opportunity on the ground floor of a mixed-use property. The first-level retail space is available for lease and benefits from visibility, foot traffic, and access to the area’s residential, office, and institutional base. Surrounded by dining, entertainment, and cultural destinations, the site provides a setting for retail, service, or boutique concepts in one of Detroit’s neighborhoods.

Key Highlights

  • Prime Midtown Detroit location
  • Strong visibility and steady foot traffic
  • Immediate access to residential, office, and institutional base

Property Analytics

Current Use

Bicentennial Tower Apartment Building Comerica Bank Bank

Suggested Use

Top Pick HVAC Service Kitchen & Bath Showroom Nail Salon Barber Shop (Bike/Boat/Book/etc) Store Carpet & Flooring Store

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
$3.15 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

4,599
Businesses Nearby
133k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 32% Dining 29% Shops & Services 27% Apparel 9%
Whole Foods Market Groceries
42,654 visits/mo 0.2 miles
McDonald's Dining
31,104 visits/mo 0.2 miles
Shell Shops & Services
13,363 visits/mo 0.4 miles
Shinola Apparel
9,011 visits/mo 0.4 miles
Condado Tacos Dining
7,597 visits/mo 0.5 miles

Demographics for 48201, MI

14,500
Population
9,900
Households
1.5
Avg Household Size
33
Median Age
37%
College-Educated
88%
High-School Grad
1.9 sq mi
ZIP Area
7,632
Density / Sq Mi
$24,392
Median Household Income
$36,835
Median Earnings
$841
Median Rent
$401,500
Median Home Value

Market

Lease Benchmarks for Detroit, MI

$16.39 /SF/Yr
Avg Asking Price
$2.85–$35 /SF/Yr
Price Range
13,201 SF
Avg Space Size

This space is priced 28% above the average of $16.39 /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
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Prime retail space in a vibrant mixed-use property.
Where is this retail space located?
The property is located at 4 E Alexandrine St Detroit, MI.
What is the lease rate?
The lease rate is $21 SF/Yr.
What are key features of this property?
This property features: Prime Midtown Detroit location; Strong visibility and steady foot traffic; Immediate access to residential, office, and institutional base
(248) 356-8000 Call to check price and availability
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