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107 Kercheval Ave
Grosse Pointe, MI 48236
Rite Aid · Retail Property For Sale
Investment Highlights
- Conveniently located within the Grosse Pointe Farms prestigious location known as the "Hill".
- A pathway separates this property to the neighboring building, which increases exposure for potential customers to the multiple entrances.
- The property has metered parking along road and with a large municipal parking near the north end of the building.
- The growing population within a 2-mile radius is over 35k people who has an average household income of over $135k.
Executive Summary
Positioned in the heart of “The Hill,” one of Metro Detroit’s most prestigious and tightly held retail corridors, 107 Kercheval Avenue offers a rare opportunity to lease a 10,000-square-foot freestanding retail building in the affluent Grosse Pointe Farms community. Surrounded by a vibrant mix of national retailers, local boutiques, and service-oriented businesses, the property benefits from exceptional visibility and strong daily foot traffic in a walkable, established commercial district.
The building features multiple points of ingress and egress, enhancing customer convenience and accessibility, while a combination of metered street parking and adjacent municipal parking ensures ample parking availability for both customers and employees. A connecting pedestrian pathway further increases exposure and promotes cross-traffic between neighboring businesses, making this an ideal location for retailers, medical users, or service providers seeking a highly visible and accessible presence.
The surrounding trade area is anchored by a dense, high-income demographic profile, with more than 35,000 residents within a two-mile radius and average household incomes exceeding $135,000, supporting strong consumer demand and discretionary spending. The broader five-mile radius includes a population of over 187,000 residents and generates approximately $1.9 billion in annual consumer spending, reinforcing the area's position as a premier retail destination.
With its prime location, strong demographics, and flexible layout, 107 Kercheval Avenue presents a compelling opportunity for tenants or investors looking to establish a presence in one of Southeast Michigan’s most desirable and supply-constrained retail markets.
The building features multiple points of ingress and egress, enhancing customer convenience and accessibility, while a combination of metered street parking and adjacent municipal parking ensures ample parking availability for both customers and employees. A connecting pedestrian pathway further increases exposure and promotes cross-traffic between neighboring businesses, making this an ideal location for retailers, medical users, or service providers seeking a highly visible and accessible presence.
The surrounding trade area is anchored by a dense, high-income demographic profile, with more than 35,000 residents within a two-mile radius and average household incomes exceeding $135,000, supporting strong consumer demand and discretionary spending. The broader five-mile radius includes a population of over 187,000 residents and generates approximately $1.9 billion in annual consumer spending, reinforcing the area's position as a premier retail destination.
With its prime location, strong demographics, and flexible layout, 107 Kercheval Avenue presents a compelling opportunity for tenants or investors looking to establish a presence in one of Southeast Michigan’s most desirable and supply-constrained retail markets.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,000 SF
Building Class
C
Year Built
1949
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.23 AC
Zoning
B-1 - Local Business District
Parking
5 Spaces (0.5 Spaces per 1,000 SF Leased)
Frontage
100’ on Kercheval Ave
Property Taxes
| Parcel Number | 38-014-01-0197-001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $935,600 |
Property Taxes
Parcel Number
38-014-01-0197-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$935,600
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