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Retail Space at Shelby Cornerstone Plaza
For Lease
$13 SF/Yr

54981-54997 Shelby Rd, Utica, MI 48316

1,632 SF retail space available in a plaza with heavy foot traffic and a large pylon sign.

Space SizeContact for details
Property Size9,395 SF
Days on Market554

Property Features for 54981-54997 Shelby Rd

General Information

Standard status Active
Size 9,395 SF
Property subtype Retail
Zoning C-1

Building Details

Building Size 9,395 SF
Buildings 1
Stories 1
Listing Agency: NAI Farbman
Listed By: Gavin Mills · License #6501397648
Source: Cpix.resimplifi
Added: Feb 27, 2025 Changed: Aug 8 Last Checked: Sep 4 at 2:00AM

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 NAI Farbman

Investment Insights

Based on property information with market context.

Available for lease is a 1,632 SF retail space at Shelby Cornerstone Plaza. The site features large pylon signage, and the parking lot has recently been revitalized with all-new LED parking lights.

The property is located on Macomb Orchard Trail at 54981–54997 Shelby Rd in Utica, MI. The center includes tenants such as Edward Jones and Specific Chiropractic, along with an array of other businesses.

This offering provides a defined retail suite within a multi-tenant shopping center setting, with exterior branding and improved parking lighting to support day-to-day customer access.

Key Highlights

  • 1,632 SF retail space available at Shelby Cornerstone Plaza
  • Located on Macomb Orchard Trail with heavy foot traffic
  • Large pylon signage for added visibility

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply Restaurant Parking Lot & Garage Hair Salon

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

NNN (Triple Net)
Lease Type
$1.95 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

189
Businesses Nearby
1k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 100%
Hungry Howie's Pizza Dining
1,180 visits/mo 0.5 miles

Demographics for 48316, MI

28,192
Population
11,951
Households
2.4
Avg Household Size
44
Median Age
45%
College-Educated
95%
High-School Grad
11.2 sq mi
ZIP Area
2,517
Density / Sq Mi
$101,232
Median Household Income
$49,882
Median Earnings
$1,380
Median Rent
$362,100
Median Home Value

Market

Lease Benchmarks for Utica, MI

$35.4 /SF/Yr
Avg Asking Price
$12–$96.15 /SF/Yr
Price Range
4,263 SF
Avg Space Size

This space is priced 63% below the average of $35.4 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - 1,632 SF retail space available in a plaza with heavy foot traffic and a large pylon sign.
Where is this retail space located?
The property is located at 54981-54997 Shelby Rd Utica, MI.
What is the lease rate?
The lease rate is $13 SF/Yr.
What are key features of this property?
This property features: 1,632 SF retail space available at Shelby Cornerstone Plaza; Located on Macomb Orchard Trail with heavy foot traffic; Large pylon signage for added visibility
More about this property
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