Receiver Sale: Former Rite Aid | Detroit–Warren–Ann Arbor MSA | 33.6K+ VPD

Highlights:

• Prime Corner Location: Situated at the intersection of 23 Mile Rd and Jefferson Ave with exposure to over 33,000 vehicles per day, offering excellent visibility and access.
• Flexible Redevelopment Potential: The 11,190 SF open floorplan is highly adaptable for a variety of tenant uses including retail, medical, or service-oriented concepts.
• Thriving Retail Corridor: Located just two blocks from Chesterfield Commons, a Kroger-anchored center drawing 1.6 million annual visits, enhancing foot traffic and tenant appeal.
• Strong Demographics: Within a 3-mile radius, the population exceeds 34,000 with an average household income of over $115,000, supporting retail demand.
• Growth Market: Over 600,000 SF of new industrial, retail, multifamily, and hospitality space is planned or under construction nearby, signaling continued area investment.

Description:

Ri Marketplace Online Auction December 15th-17th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2890/receiver-sale-former-rite-aid-detroit-warren-ann-arbor-msa-33.6k-vpd?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2890

Jones Lang Lasalle Americas, Inc. (“JLL”), in conjunction with RI Marketplace, is pleased to present for sale the former Rite Aid Pharmacy in New Baltimore, MI (the “Property” or “Asset”). The Property comprises 11,190 of rentable space situated on 1.8 acres of land. Positioned at the intersection of 23 Mile Rd and Jefferson Ave with optimal exposure to more than 33,000 VPD, the Asset provides investors with an exceptional redevelopment opportunity. Alternatively, the space’s ideal open floorplan benefits from its fungibility which can be utilized by numerous tenant concepts including hardware stores, discount stores, medical services, and more. The adjacent corridor boasts a thriving retail environment. Chesterfield Commons, anchored by Kroger, is 2 blocks east of the Property and attracts 1.6 million visits annually.

Nestled along Lake St. Clair 30 miles north of Detroit, New Baltimore is a charming city that offers benefits of a touristy beach townwhile preserving its tight-knit community feel. New Baltimore has been experiencing steady growth with new developments and infrastructure improvements in recent years. Nearly 350,000 square feet of industrial, retail, multifamily, and hospitality space is currently under construction within 3.5-miles from the site, and another 250,000 square feet of commercial space is in the final planning stage.

This opportunity presents investors with a rare opportunity to capitalize on a low-basis asset with tremendous upside and favorable real estate fundamentals.


Jerry Helmer
c/o Fisher Auction Company Inc.
License: 6504064915
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Documents: