22345 Grand River Ave — Lease in Detroit, MI

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Detroit, MI 48219

Description

Commercial property listing from JLL. Property: 22345 Grand River Ave.

Market Context

This retail in Detroit, MI is listed for lease. It has been on the market for 166 days. Compare it against other retail listings for lease 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 space leases 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.

Estimated Market Rate

$1.52/SF/mo – $2.06/SF/mo

Mid: $1.79/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

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