Price Reduced for Former Adela's Place! — Sale in Detroit, MI

  • Price: $275K
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Detroit, MI
  • Size: 3,368 SF

Investment Figures

Price per square foot
$82

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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Market Context

This retail in Detroit, MI is listed for sale at $275,000 across 3,368 SF. 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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