Grand River Growth Plan -All Gibbs for City Jan 2 2026 - Flipbook - Page 43
Retail Market Demand
Figure 9: The East Grand River Avenue area has a market demand for75,000 sf of retail and 15,000 sf of restaurants.
5,000 sf Discount Store: 1 to 2 specialty discount stores specializing in select retail categories such
as clothing, foods, home goods, footwear, tools, toys, or wines. 2028 Projected new store sales:
$1,250,000 / year
$250 sf/yr average store sales
2,000 sf Electronics, Appliances: A national brand cellular provider and small specialty electronics
store. 2028 Projected new electronic store sales:
$1,200,000 / year
$600 sf/year store average sales
2,000 sf Garden Nursery: A garden center offering flowers, plants, holiday decorations, trees, tools,
and garden supplies.
$1,000,000 / year
$500 sf/ yr average store sales
30,000 sf Groceries: A specialty food market offering fresh baked goods, fish, meats, produce,
organics, prepared foods, beers, wines, and flowers. The grocery should specialize in a food or
beverage category with knowledgeable staff. 2028 Projected store sales:
$8,500,000 / year
$280 sf/year store average sales
5,000 sf Home Furnishing Stores: 1 to 2 small to medium sized furniture stores selling art, lamps,
furniture and textiles, focusing on new or renovated housing in the greater Farmington region. 2028
Projected new home store sales:
$2,500,000 / year
$500 sf/year average store sales
10,000 sf Hardware: A full-service hardware store offering electrical, garden, hardware, household
items, paints, tools and other home improvement goods and services. Stores should provide
extended hours and knowledgeable staff. 2028 Projected new store sales:
$3,000,000 / year
$300 sf/year average store sales
East Grand River Avenue Retail Market Analysis
Gibbs Group - July 2, 2025
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