Retail Land — Sale in Detroit, MI

  • Price: $200K
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Detroit, MI 48209

Description

This property is strategically located between the Ambassador and soon to open Gordie Howe Bridges in Detroit.

Market Context

This retail in Detroit, MI is listed for sale at $200,000. It has been on the market for 74 days. Compare it against other retail listings for sale in Detroit, MI — view the full market.

As of Q1 2026, the Detroit retail market showed average asking rents near $17.00/SF/yr, rents up 1.3% year over year, and cap rates around 7.7%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

What is the typical cap rate for retail in Detroit?
About 7.7% as of Q1 2026, per multiple brokerage reports.

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