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    1301 Lafayette Blvd Detroit, MI 48226

    Sponsored
    For Lease
    $12 SF/Yr

    Versatile Detroit retail spaces available.

    Lot size:
    3,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Discover exceptional commercial spaces at 1301 West Lafayette, Detroit's vibrant Lafayette Lofts. These versatile first-floor units offer a unique opportunity for businesses seeking a prime location. Three distinct spaces are available, ranging from 1,600 to 3,500 contiguous square feet, within a Class B building with multiple suites. One space, previously a coffee shop, provides a ready-made gathering place, perfect for a café or similar social hub. Another space, a former hair salon, is fully equipped and ideal for beauty and wellness businesses. Finally, a highly adaptable space, formerly a dance studio, offers flexibility for various uses, including fitness studios, art workshops, or retail outlets. All spaces benefit from high foot traffic and the energetic atmosphere of a thriving Detroit neighborhood, situated between Downtown and Southwest Detroit. This location offers a rich cultural backdrop and strong community engagement, providing an ideal environment for businesses to flourish. These spaces represent a unique opportunity for entrepreneurs and established businesses to establish a presence in a dynamic and desirable location. The building features three total suites, making it an ideal location for a variety of businesses. Contact us today to learn more about these exceptional opportunities.

    Property Features for 1301 Lafayette Blvd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,750 SF
    Class
    B

    Unit(s) available at that property

    Space
    Salon
    Size
    2,000 SF
    Rate per SF
    $12
    Space
    Retail
    Size
    1,750 SF
    Rate per SF
    $12

    HighLights

    • Retail property at 1301 West Lafayette, Detroit, offering multiple suites totaling three units.
    • Spaces range from 1,600 to 3,500 square feet.
    • Building Class B.
    • Includes a former coffee shop suitable for a cafe or gathering space.
    • A ready‑to‑use salon/barber shop space is available.
    • A versatile third space, previously a dance studio, is adaptable for various uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Magenta Giraffe Theatre ... Performing Arts Theater Lafayette Lofts Apartment Building GNN Network Inc Television Station Pro Concrete Leveling ... Concrete Contractor Common Grounds Church Coffee Shop

    Suggested Use

    Realty agency Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.060176847868
    Latitude
    42.32635357642

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    FAQs

    What type of property is this?
    Restaurant - Versatile Detroit retail spaces available.
    Where is this restaurant located?
    The property is located at 1301 Lafayette Blvd Detroit, MI.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Retail property at 1301 West Lafayette, Detroit, offering multiple suites totaling three units.; Spaces range from 1,600 to 3,500 square feet.; Building Class B.
    Request Owner's contact information
    1301 Lafayette Blvd Detroit, MI 48226
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    Detroit, MI 48226
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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
    1301 Lafayette Blvd Detroit, MI 48226
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