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Endcap Retail Restaurant Shell
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1229 Holiday Boulevard 1229, Monroe, MI 48162

New endcap shell with rooftop HVAC and underground grease detention, suited for full-service restaurants or other retail.

Space Size2,600 SF
Days on Market149

Property Features for 1229 Holiday Boulevard 1229

General Information

Standard status Active
Size 2,600 SF
Property subtype Office, Retail
Occupancy 100%

Additional Details

Opportunity Zone Yes
Grease Trap Yes

Building Details

Year Built 2024
Tenancy Single

Spaces For Lease

at 1229 Holiday Boulevard 1229 Contact us

1229

Size
2,600 SF
Type
Office, Retail
Availability
Active
Contact us
Listing Agency: CAROL BOLLO & ASSOC-GROSSE
Listed By: Joe Gruber · License #6502432773
Source: Crexi
Added: Mar 17 Changed: Aug 8 Last Checked: Aug 12 at 11:56AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CAROL BOLLO & ASSOC-GROSSE

Investment Insights

Based on property information with market context.

This approximately 2,600-square-foot endcap retail shell is being delivered in a brand-new modern retail center. The space includes existing rooftop HVAC and an underground grease detention system, supporting full-service restaurant concepts. The configuration also allows for an outdoor patio/cafe, offering a built-in option for customer dining or street-level activation.

The property is located at 1229 Holiday Boulevard in Monroe, Michigan, within the Squire Retail Center. It is the last available unit in the center. The redeveloped site, formerly home to the La-Z-Boy headquarters, is within a federal Opportunity Zone and is anchored by a new Aldi grocery store that opened July 2024. Additional national users listed include Chipotle, Five Guys, SVS Vision, and Dairy Queen. The center is described as surrounded by mixed-use and residential development, including adjacent market rate luxury ranch apartments.

For operators seeking a ready-to-build endcap, the inclusion of HVAC and grease detention reduces upfront infrastructure work compared to raw space. With room for a patio/cafe, the unit can support larger restaurant formats, while the underlying shell configuration also accommodates other retail uses. Tenants currently listed for the center include Lake Trust Credit Union, ATI Physical Therapy, and Dolce Nonna, with a new tenant announcement coming soon and the center expected to be 100% occupied.

Key Highlights

  • Approximately 2,600 SF end‑cap shell in new construction retail center at 1229 Holiday Boulevard, Monroe, MI
  • Includes existing rooftop HVAC and an underground grease detention system
  • Designed for a potential outdoor patio/café layout, suited for larger full‑service restaurants

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Hotel & Motel

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

100%
Occupancy
Yes
Grease trap
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

8
Businesses Nearby

Demographics for 48162, MI

29,156
Population
12,698
Households
2.3
Avg Household Size
43
Median Age
24%
College-Educated
91%
High-School Grad
57.5 sq mi
ZIP Area
507
Density / Sq Mi
$68,801
Median Household Income
$41,678
Median Earnings
$912
Median Rent
$192,200
Median Home Value

Market

Lease Benchmarks for Monroe, MI

$15.34 /SF/Yr
Avg Asking Price
$5.39–$38 /SF/Yr
Price Range
16,068 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
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Frequently Asked Questions

What type of property is this?
Retail space - New endcap shell with rooftop HVAC and underground grease detention, suited for full-service restaurants or other retail.
Where is this retail space located?
The property is located at 1229 Holiday Boulevard 1229 Monroe, MI.
What are key features of this property?
This property features: Approximately 2,600 SF end‑cap shell in new construction retail center at 1229 Holiday Boulevard, Monroe, MI; Includes existing rooftop HVAC and an underground grease detention system; Designed for a potential outdoor patio/café layout, suited for larger full‑service restaurants
More about this property
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