Retail Strip Center with
For Sale
Contact for pricing
11122 Hayes Street, Detroit, MI 48213
Cash-flowing retail strip center with restaurant space and upside potential.
Property Size8,850 SF
Lot Size0.50 Acres
Price / SF$66.67
Days on Market656
Property Features for 11122 Hayes Street
General Information
Standard status
Active
Size
8,850 SF
Lot size
0.50 Acres
Property subtype
Special Purpose
Listing Agency:
CENTURY 21 Curran & Oberski Dearborn Heights
Listed By:
George Jarrous · License #434076
Source:
Crexi
Added: Nov 20, 2024
Changed: Aug 26
Last Checked: Sep 7 at 5:13AM
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 CENTURY 21 Curran & Oberski Dearborn Heights
Investment Insights
Based on property information with market context.
This retail strip center is situated on over half an acre and comprises 8 units, with 7 currently leased. The property generates a gross annual rental income of $84,000, equating to $7,000 per month. The tenant mix includes a barbershop, a beauty studio (leased by room), and a daycare center occupying two units. One unit is currently vacant and is a fully equipped restaurant space ready for occupancy or lease. The property features a front parking lot and a fenced side lot, providing ample off-street parking. This property presents an investment opportunity with steady cash flow and additional upside potential. The property size is 8850 square feet.
Key Highlights
- Steady cash flow of $7,000/month ($84,000 yearly) from 7 leased units.
- Fully equipped restaurant space available for immediate occupancy or lease.
- Strong tenant mix including barbershop, beauty studio, and daycare center.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
20k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Groceries 30%
Sunoco
Shops & Services
7,193 visits/mo
0.4 miles
Dollar General
Shops & Services
6,538 visits/mo
0.4 miles
Save-A-Lot
Groceries
6,005 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Cash-flowing retail strip center with restaurant space and upside potential.
Where is this strip mall located?
The property is located at 11122 Hayes Street Detroit, MI.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Steady cash flow of $7,000/month ($84,000 yearly) from 7 leased units.; Fully equipped restaurant space available for immediate occupancy or lease.; Strong tenant mix including barbershop, beauty studio, and daycare center.
