Building Details

Year Built 1971

Buildings 1

Stories 1

Units 1

Listing Agency: Own It Realty s***@ownit2020.com Show Phone

Listed By: Hassan Shukr · License #MI 6501378246

Source: Crexi

Added: Dec 12, 2023 Changed: Aug 19 Last Checked: Aug 24 at 11:09PM

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Investment Insights

Based on property information with market context.

This commercial property offers 9,472 square feet of retail space and is located on Springwells Street in Detroit, Michigan.

Key Highlights

• For sale
• Year built: 1971

Property Analytics

Property Profile

Current Use

Vince's Italian Restaurant Restaurant

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

545

Businesses Nearby

34k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 61% Shops & Services 35% Home Improvements & Furnishings 4%

McDonald's Dining

17,304 visits/mo 0.1 miles

Chase Bank Shops & Services

5,088 visits/mo 0.5 miles

BP Shops & Services

3,579 visits/mo 0.4 miles

Guadalajara Dining

3,296 visits/mo 0.4 miles

Mobil Shops & Services

2,991 visits/mo 0.2 miles

Demographics for 48209, MI

27,096

Population

11,020

Households

2.5

Avg Household Size

30

Median Age

10%

College-Educated

61%

High-School Grad

6.8 sq mi

ZIP Area

3,985

Density / Sq Mi

$42,152

Median Household Income

$30,091

Median Earnings

$843

Median Rent

$82,800

Median Home Value

Market

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

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - 9,472 SF retail space available in Detroit, Michigan.

Where is this retail space located?

The property is located at 1341 Springwells St Detroit, MI.

What are key features of this property?

This property features: For sale; Year built: 1971