Property summary
This fully redeveloped, 24,839 square foot mixed-use building offers 14,000 square feet of street-level retail space in Detroit's vibrant Avenue of Fashion district. Three units are currently available, ranging from 1,590 to 4,067 square feet. The building boasts excellent visibility at a high-traffic intersection (approx. 35,000 vehicles per day) and benefits from recent city and state investments in streetscape improvements, including expanded sidewalks and bike lanes. Located within a densely populated area (167,275 people within 3 miles), the property is near University of Detroit-Mercy and the prestigious Detroit Golf Club, host of the Rocket Mortgage Classic. The surrounding historic neighborhoods of Palmer Woods, Sherwood Forest, University District, and Green Acres contribute to high income levels in the area. The building includes 29 parking spaces and elevators. This prime location presents a unique opportunity for retail businesses seeking high visibility and access to a thriving community. The building also features 12 apartments (not included in retail space).
Property profile
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Value estimations
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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