Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space on Canal Road Title is generated by Realmo AI

    15290 Canal Rd, Clinton Twp, MI 48038

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Newer retail space in well-maintained neighborhood shopping center.

    Type:Retail
    Property size:
    2,000 SF
    Added:
    Jul 22, 2024
    Days on Market:
    660
    Last Refresh:
    Mar 17 at 1:22 pm

    Property Features for 15290 Canal Rd

    General Information

    Standard status
    Active
    Size
    2,000 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2004

    Spaces For Lease

    at 15290 Canal Rd Contact us

    15290 $12 /Mo

    Size
    2,000 SF
    Type
    Retail
    2,000 SF End Cap. Perfect for Nail Salon or Aesthetician Space!
    Contact us

    We can help!

    Listing Contact
    Andrea Bercich

    Listing agent Andrea Bercich License #MI

    Listing office Pilot Property Group

    Listing date Jul 22, 2024

    Source Crexi

    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 Pilot Property Group

    HighLights

    • Attractive rental rate for newer retail construction.
    • 2,000 sq. ft. of raw endcap space on Canal.
    • Landlord will provide a standard white box.
    • Well‑maintained neighborhood shopping center.
    • Newer retail construction (Year Built: 2004).
    • Raw space allows for custom build‑out.

    Overview

    This commercial property offers 2,000 square feet of raw retail space. Located in a well-maintained neighborhood shopping center on Canal Road, the available space is an endcap unit. The landlord will provide a standard white box finish.
    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
    Clinton Twp
    County
    Macomb
    State
    Michigan
    Longitude
    -82.971236
    Latitude
    42.609238

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for rent in Clinton Twp, Michigan.
      35125 Utica Road, Clinton Twp, MI, 48035
      View Details
    • Contact for pricing

      Industrial Building with Air Conditioning

      11,040 SF industrial building with air conditioning and easy access.
      Clinton Twp, MI 48036
      View Details
    • Contact for pricing

      Retail Space Inside Meijer

      Prime retail opportunity with high visibility and customer traffic.
      40445 S Groesbeck Hwy, Clinton Twp, MI 48036
      View Details
    • Contact for pricing

      Prime Retail/Office Space Available

      Located in Clinton Township's bustling commercial corridor.
      42142 Garfield Rd, Clinton Twp, MI 48038
      View Details
    • Contact for pricing

      Turn-Key Office Building For Rent

      6,400 SF office building with natural light and open floorplan.
      18900 15 Mile Rd, Clinton Twp, MI 48035
      View Details
    • Contact for pricing

      Retail Space Near Kroger

      Retail space available with Kroger as anchor tenant.
      41861 Garfield Rd, Clinton Twp, MI 48038
      View Details
    • Contact for pricing

      Retail Development Opportunity

      Retail space for lease in Clinton Township, Michigan.
      22260 Hall Rd, Clinton Twp, MI 48036
      View Details
    • Contact for pricing

      Clinton Township Office Suites Available

      Premier office building with flexible floor plans for rent.
      39425 Garfield Rd, Clinton Twp, MI 48038
      View Details
    • Contact for pricing

      Retail Space in Clinton Township

      Retail space available in high-traffic Clinton Pointe Shopping Center.
      33802 Gratiot Ave, Clinton Twp, MI 48035
      View Details
    • Contact for pricing

      Salon/Med Spa Retail Space

      Operating salon/med spa in well-maintained plaza near Hall Road.
      44464 Hayes Rd, Clinton Twp, MI 48038
      View Details
    • Contact for pricing

      Renovated Retail/Office Space Available

      High-visibility retail or office space in Clinton Township, Michigan.
      36633 Gratiot Ave, Clinton Twp, MI 48035
      View Details
    • Contact for pricing

      Single Story Professional Building

      Contemporary single-story building suitable for office or medical use.
      43630 Hayes Rd, Clinton Twp, MI 48038
      View Details

    FAQs

    What type of property is this?
    Retail space - Newer retail space in well-maintained neighborhood shopping center.
    Where is this retail space located?
    The property is located at 15290 Canal Rd Clinton Twp, MI.
    What are key features of this property?
    This property features: Attractive rental rate for newer retail construction.; 2,000 sq. ft. of raw endcap space on Canal.; Landlord will provide a standard white box.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Andrea Bercich
    Real Estate License ID: MI
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    15290 Canal Rd, Clinton Twp, MI 48038
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!