Listing Agency: Coldwell Banker Beiswanger Realty Group A***@mirealestatepro.com Show Phone

Listed By: Doug Beiswanger · License #6502425012 Show Phone

Source: Exprealty

Added: Oct 21 Changed: Oct 27 Last Checked: Nov 4 at 6:01PM

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Investment Insights

Based on property information with market context.

A restaurant space is available for lease at Village Crossing in Spring Arbor Township. Restaurant equipment, fixtures, coolers, and technology currently on site may be included in the lease subject to agreed terms. The existing restaurant setup offers a starting point for an operator planning a food-service business.

The center is on the M-60 corridor and has road frontage and shared parking. Current Village Crossing tenants include Henry Ford Health Systems, County National Bank, BIGGBY Coffee, Academy of the Arts, Jackson Dance Company, Top Line Apparel, Glow Style Studio, State Farm Insurance, Maximum Gymnastix, and The Fieldhouse. Spring Arbor University is minutes from the center.

Key Highlights

• Restaurant equipment, fixtures, coolers, and technology on site may be included in the lease, subject to agreed terms
• Located at Village Crossing on the M‑60 corridor
• Road frontage and shared parking

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Auto Repair Shop Building Supply Restaurant Pharmacy Hair Salon Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

NNN (Triple Net)

Lease Type

$1.80 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

38

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 49283, MI

4,401

Population

1,383

Households

3.2

Avg Household Size

29

Median Age

34%

College-Educated

97%

High-School Grad

14.5 sq mi

ZIP Area

304

Density / Sq Mi

$93,821

Median Household Income

$21,250

Median Earnings

$1,253

Median Rent

$206,000

Median Home Value

Market

Lease Benchmarks for Spring Arbor, MI

$12 /SF/Yr

Avg Asking Price

$12–$12 /SF/Yr

Price Range

2,975 SF

Avg Space Size

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Similar For Rent Nearby

See more

Restaurant Space with Equipment

7851 Spring Arbor Road, Spring Arbor, MI 49283

$12 SF/Yr

2,725 sqft

View details

Retail and Medical Office Suites

C-7845 Spring Arbor Road, Spring Arbor, MI 49283

$12 SF/Yr

3,220 sqft

View details

Renovated Office Units

215 E Main Street, Spring Arbor, MI 49283

$9 SF/Yr

2,090 sqft

View details

Frequently Asked Questions

What type of property is this?

Conventional restaurant - The space sits within a retail and service center on the M-60 corridor, with shared parking and road frontage.

Where is this conventional restaurant located?

The property is located at 12-13-7851 Spring Arbor Rd Spring Arbor, MI.

What is the lease rate?

The lease rate is $12 SF/Yr.

What are key features of this property?

This property features: Restaurant equipment, fixtures, coolers, and technology on site may be included in the lease, subject to agreed terms; Located at Village Crossing on the M‑60 corridor; Road frontage and shared parking