18430 Fenkell Ave, Detroit, MI 48223
- Retail properties & Spaces
- 14,564 SF
- 1.50 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 18430 Fenkell Ave
- Year built
- 2006
- Lot size
- 1.50 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional 14,564 square foot retail property, formerly a Rite Aid, presents a unique investment or leasing opportunity in Detroit, Michigan. Located at 18430 Fenkell Ave, in the bustling Rosedale Park neighborhood, this single-tenant building sits on a 1.5-acre lot and boasts 62 parking spaces. Built in 2006, the property features a convenient drive-thru and is zoned B4. The large interior offers adaptable layout options, making it suitable for a variety of retail uses. This well-maintained building benefits from a high-traffic location at the intersection of Grand River and Fenkell Avenues, within a densely populated area. The surrounding area includes a mix of established businesses such as Rent-a-Center, McDonald's, Dollar General, Little Caesars Pizza, CVS, KFC, and Wendy's, indicating strong retail viability. Demographic data reveals a population exceeding 443,000 within a 5-mile radius, with an average household income exceeding $61,397 within 1 mile. The property's parcel number is 22-00-723-30-01A. This is a prime opportunity to acquire a substantial retail space in a thriving Detroit neighborhood. The property is currently vacant and available for immediate lease or purchase. The lease type is Net.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.2229
- Latitude
- 42.4012
