2,640 SF Detroit Retail Building

Established Retail Corridor | High-Traffic Location

Property Type

Freestanding Retail

Building Size

2,640 SF

Status

For Sale

Price

$75,000

Freestanding Detroit Retail Opportunity

Single-Story Building, High-Visibility Frontage

2,640 SF single-story freestanding retail building
0.14-acre parcel with 60' of frontage on Greenfield Rd
Built 1961 | Building FAR: 0.43
Traffic counts: 23K VPD (Greenfield/W Outer Dr) and 28K VPD (Greenfield/Pickford Ave)
CoStar Location Score: 72 (Excellent Location)
Detroit West of Woodward Submarket | Detroit, MI 48235
Peer NNN market rent: $12.84/SF (CoStar, as of 2/24/2026)

18041 Greenfield Rd is a 2,640 SF freestanding single-story retail building positioned on one of Detroit's most active commercial corridors. Built in 1961 and sited on a 0.14-acre parcel, the property offers 60 feet of direct frontage along Greenfield Road with traffic counts of approximately 23,000 vehicles per day at the Greenfield/W Outer Dr intersection and 28,000 vehicles per day at Greenfield/Pickford Ave.

Located in the Detroit West of Woodward submarket, the building carries a CoStar Location Score of 72 (Excellent Location) and benefits from a dense residential trade area with over 168,000 people within a 3-mile radius. The property is suitable for an owner-user seeking a high-visibility Detroit retail address or an investor adding a stabilized freestanding asset to a portfolio.

The Greenfield Road corridor supports a broad range of retail uses and maintains consistently low vacancy, with the immediate peer set reflecting 0% vacancy across all 17 comparable properties surveyed. The asset is positioned for a wide variety of commercial occupancies.

Strong Detroit Retail Metrics

High-Traffic Greenfield Road | Excellent Location Score

The property benefits from strong traffic infrastructure on Greenfield Road, a primary north-south commercial arterial in the Detroit West of Woodward submarket. Multiple nearby intersections record daily vehicle counts between 16,000 and 28,000, supporting consistent retail visibility throughout the day. The corridor is well-served by public transit with a Good Transit score of 51.

At the submarket level, Detroit's retail sector maintains a 5.0% to 5.5% vacancy rate entering 2026, well below the 10-year historical average of 7.3%. Within the immediate peer set of 17 comparable freestanding properties along Greenfield Road, W McNichols Rd, W 7 Mile Rd, and adjacent corridors, vacancy is 0% across all buildings surveyed as of February 2026.

CoStar Location Score: 72 (Excellent Location)
Traffic: 28K VPD at Greenfield/Pickford Ave; 23K VPD at Greenfield/W Outer Dr
Good Transit Score of 51; Somewhat Walkable Score of 54
Population: 20,941 within 1 mile; 168,024 within 3 miles
Buying power: $311M within 1 mile; $2.7B within 3 miles
Peer vacancy: 0% across 17 comparable properties (per CoStar, 2/24/2026)
Peer NNN market rent: $12.84/SF; submarket market rent: $13.88/SF
Detroit W of Woodward submarket: 0 new retail deliveries past 8 quarters
Minimal new supply in the submarket supports continued fundamentals

Why This Space Matters

Property Features

The Greenfield Road location places this asset in a high-visibility retail position along one of Detroit's most traveled north-south corridors. The immediate area supports a diverse range of essential retail and service operators, reflecting demand from a residential trade area with over 158,000 residents within 5 miles and aggregate buying power exceeding $3.6 billion.

The freestanding format and single-tenant configuration provide operational flexibility for an owner-user or the ability to install a single credit tenant for an investor. The building's scale is consistent with quick-service, healthcare, financial services, and personal services uses that perform in this corridor, as confirmed by the current and comparable occupant profiles.

High-Traffic Greenfield Road Frontage

60 feet of direct frontage on Greenfield Road with traffic volumes ranging from 23,000 to 28,000 vehicles per day at nearby intersections. The corridor supports strong daily customer capture for retail and service uses.

Dense Residential Trade Area

Over 168,000 residents within a 3-mile radius with aggregate household buying power of approximately $2.7 billion. The immediate neighborhood is characterized by stable home ownership rates and consistent service demand.

Freestanding Single-Story Configuration

The 2,640 SF single-story building on a 0.14-acre parcel offers operational simplicity and full-building control. The freestanding format avoids shared-wall complexities and provides independent identity and signage opportunities.

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18041 Greenfield Rd, Detroit, MI 48235

2,640 SF freestanding single-story retail building at 18041 Greenfield Rd, Detroit, MI 48235
Built 1961 on a 0.14-acre parcel with 60' of direct Greenfield Road frontage
Traffic counts of 23,000 to 28,000 vehicles per day at key nearby intersections
CoStar Location Score of 72 (Excellent Location); Good Transit Score of 51
Detroit West of Woodward submarket | 0% vacancy across 17 peer properties (per CoStar, 2/24/2026)
Peer NNN market rent of $12.84/SF; submarket market rent of $13.88/SF (per CoStar)
Population of 168,024 within 3 miles; buying power of $2.7B within 3 miles
Owner-user or investor acquisition opportunity in an established high-traffic retail corridor
Price: Ask Broker — confirm with listing agent prior to publishing