for sale / lease freestanding building...tenant representation commercial leasing disposition...
TRANSCRIPT
CONTACT
6476 Orchard Lake Road, Suite A West Bloomfield, Michigan 48322
P: 248 538 2000 F: 248 538 9905
www.cmprealestategroup.com
LANCE NUMAN RAMON KATTOLA
[email protected] [email protected]
FREESTANDING BUILDING
7115 W. 8 MILE ROAD DETROIT, MI 48221
FOR SALE / LEASE
AREA TENANTS
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information.
PROPERTY INFORMATION
Building Size 1,500 SF
Minimum Available 1,500 SF
Maximum Available 1,500 SF
Asking Price $329,000
Asking Rate $24.00 PSF Gross
Parking 8 Spaces
ADDRESS
7115 W 8 MILE ROAD
DETROIT, MICHIGAN 48221
FREESTANDING BUILDING
PROPERTY SUMMARY
DEMOGRAPHICS
Population 409.698 people
Households 166,380 homes
Average Household Income $58,424 / annually
Employees 127,666 employees
PROPERTY HIGHLIGHTS
Newly constructed freestanding building available for sale or lease on the highly
traveled 8 Mile Road, just one block west of Livernois.
Excellent location for a carryout restaurant or soft good retailer.
Site has excellent accessibility and visibility along 8 Mile Road within walking
distance of Downtown Ferndale.
Many national, regional and local tenants operate within the immediate trade area.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information.
FREESTANDING BUILDING
PICTURES
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FREESTANDING BUILDING
AERIAL MAP
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information.
POPULATION 1 MILE 3 MILE 5 MILE
2023 Projection 15,844 148,021 407,288
2018 Estimate 16,013 149,227 409,698
2010 Census 16,954 156,013 424,292
Growth 2018-2023 -1.06% -0.81% -0.59%
Growth 2010-2018 -5.55% -4.35% -3.44%
2018 Population Hispanic Origin 349 2,759 6,907
2018 Population by Race:
White 5,564 51,353 138,702
Black 9,706 91,393 250,779
Am. Indian & Alaskan 56 556 1,418
Asian 168 1,892 9,056
Hawaiian & Pacific Island 8 47 127
Other 512 3,985 9,616
U.S. Armed Forces: 0 37 84
HOUSEHOLDS 1 MILE 3 MILE 5 MILE
2023 Projection 6,863 60,944 165,520
2018 Estimate 6,929 61,395 166,380
2010 Census 7,314 64,085 172,038
Growth 2018 - 2023 -0.95% -0.73% -0.52%
Growth 2010 - 2018 -5.26% -4.20% -3.29%
Owner Occupied 4,575 39,594 103,937
Renter Occupied 2,353 21,801 62,443
2018 Avg Household Income $59,325 $61,556 $58,424
2018 Med Household Income $43,836 $43,263 $40,441
2018 Households by Household Inc:
<$25,000 1,955 18,810 55,630
$25,000 - $50,000 1,922 15,623 41,664
$50,000 - $75,000 1,233 9,821 25,409
$75,000 - $100,000 856 6,896 17,426
$100,000 - $125,000 363 3,980 10,552
$125,000 - $150,000 223 2,270 5,831
$150,000 - $200,000 180 1,842 5,034
$200,000+ 196 2,154 4,837
FREESTANDING BUILDING
DEMOGRAPHICS
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information.
FREESTANDING BUILDING
DEMOGRAPHICS – DAYTIME POPULATION
DAYTIME
EMPLOYMENT NUMBER OF BUSINESSES NUMBER OF EMPLOYEES
1 MILE 3 MILE 5 MILE 1 MILE 3 MILE 5 MILE
Total Businesses 532 5,618 14,445 3,898 48,457 127,666
Retail 101 808 2,039 928 5,776 15,937
Wholesale 12 151 444 115 1,590 5,706
Hospitality & Food Service 27 356 825 271 5,510 13,146
Real Estate, Renting, Leasing 20 191 548 83 1,529 3,538
Finance & Insurance 27 333 846 119 1,417 3,939
Information 13 137 315 94 1,551 3,340
Scientific & Technology Services 56 622 1,446 206 3,069 9,598
Management of Companies 0 2 4 0 6 10
Health Care & Social Assistance 62 1,156 3,488 482 8,525 25,651
Education Services 19 149 341 401 4,285 12,143
Public Administration & Sales 5 114 206 94 2,396 4,387
Arts, Entertainment, Recreation 9 86 186 42 907 1,951
Utilities 1 6 12 4 50 96
Admin Support & Waste Management 27 177 463 134 2,397 4,706
Construction 34 298 704 398 2,262 4,666
Manufacturing 16 192 538 162 3,375 9,473
Agriculture, Mining, Fishing 0 5 9 0 34 48
Other Services 103 835 2,031 365 3,778 9,331
6476 Orchard Lake Road, Suite A
West Bloomfield, Michigan 48322
P: 248 538 2000F: 248 538 9905
SERVICES
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Email: [email protected]
Website: www.cmprealestategroup.com
CONTACT
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CMP Real Estate Group @CMPRealEstate
Specializing in retail real estate services, our team is committed to working with each client in to
achieve their objectives from assisting with project leasing, site selection, acquisitions/dispositions of
income producing properties or property management.