Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    11195 Hall Rd Utica, MI 48317

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,250 /Mo

    Newly renovated retail space in high-traffic Utica location.

    Lot size:
    0.51 Acres

    Property Features for 11195 Hall Rd

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.51 Acres

    Building Details

    Year built
    1962

    We can help!

    Listing Contact
    Johanna Walker
    Source: Elliman

    Listing Agent: Johanna Walker

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Hall Road Retail Space Available

    This newly renovated commercial space is located in the Hall Road Plaza at the intersection of Hall Road and Van Dyke, serving Utica, Shelby Township, Sterling Heights, and surrounding Macomb markets. The location offers high visibility and traffic exposure, with over 100,000 vehicles passing daily. The space features an open, flexible floor plan, natural lighting, and front and rear parking. It is suitable for salon or spa concepts including nail studios, hair salons, and lash boutiques, as well as boutiques, coffee or juice bars, takeout restaurants, barbershops, pet grooming, office users (insurance, real estate, tax prep, CPA), fitness studios, specialty retail, creative studios, medical or massage therapy practices, tech repair shops, flower shops, signage or print shops, and many other service or retail businesses. Event spaces are not permitted. The property is located in one of Macomb County’s commercial corridors.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Utica
    County
    Macomb
    State
    Michigan
    Longitude
    -83.019056
    Latitude
    42.626464

    Nearby Similar for Lease

    • $3,726 /Mo
      1,600 SF

      Retail/Medical Units in Utica, MI

      Approved site for retail and medical units with drive-thru.
      51921 Van Dyke Ave, Utica, MI 48316
      View Details
    • $495 /Mo
      108 SF

      Professional Office Space For Lease

      Office space for lease in Utica, Michigan. Includes gas/electric.
      11255 Hall Rd, Utica, MI 48317
      View Details
    • $5,500 /Mo

      Retail Drive-Thru with Seating

      Prime retail space with drive-thru and outside seating available.
      48075 Van Dyke Ave, Utica, MI 48317
      View Details
    • $6,000 /Mo

      Prime Retail Space Available

      Spacious retail space with upgrades in a vibrant location.
      49562 Van Dyke Ave, Utica, MI 48317
      View Details
    • $5,500 /Mo

      Retail Space with Drive-Thru

      Retail space with approved plans for dry-thru and seating.
      48081 Van Dyke Ave, Utica, MI 48317
      View Details
    • $2,400 /Mo

      Retail Space in Well-Maintained Plaza

      Last available retail space in a high-traffic plaza.
      50630 Van Dyke Ave, Utica, MI 48317
      View Details
    • $4,288 /Mo

      Former Brewery Retail Space Available

      Retail space with open floor plan in high-traffic location.
      52033 Van Dyke Ave, Utica, MI 48316
      View Details
    • $5,500 /Mo

      Retail Drive-Thru with Seating

      Retail drive-thru available for lease with outside seating.
      48075 Van Dyke Ave, Utica, MI 48317
      View Details
    • $15 SF/Yr
      1,294 SF

      Four-Story Office Building For Rent

      Traditional office building with access to major expressways.
      11111 Hall Rd, Utica, MI 48317
      View Details
    • $1,350 /Mo

      Office/Retail Space for Lease

      Office or retail space suitable for various professional services.
      5100 Twenty Three Mile Rd, Utica, MI 48316
      View Details
    • $1,350 /Mo

      Shelby Township Office/Retail Space

      Office or retail space available for lease in Shelby Township.
      5102 Twenty Three Mile Rd, Utica, MI 48316
      View Details
    • $1,900 /Mo
      12,500 SF

      Renovated Church Available For Lease

      Handicap accessible, renovated church in Utica available for shared lease.
      45504 Cass Ave, Utica, MI 48317
      View Details

    FAQs

    What type of property is this?
    Retail space - Newly renovated retail space in high-traffic Utica location.
    Where is this retail space located?
    The property is located at 11195 Hall Rd Utica, MI.
    What is the lease rate?
    The lease rate is $2,250 /Mo.
    What are key features of this property?
    This property features: - Prime location in high-traffic Hall Road Plaza at the "4 Corners" intersection with over 100,000 vehicles passing daily.; - Newly renovated, move-in-ready commercial space.; - Affordable monthly rent of $2,250.
    (248) 767-1194
    Request Owner's contact information
    11195 Hall Rd Utica, MI 48317
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11195 Hall Rd
    Utica, MI 48317
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11195 Hall Rd Utica, MI 48317
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Johanna Walker
    (248) 767-1194 (313) 963-9891
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!