Building Details

Tenancy Multi

Listing Agency: Regency Properties j***@regency-prop.com Show Phone

Listed By: Jennifer Tabor

Source: Moodyscre

Added: Sep 17, 2024 Changed: Jul 28 Last Checked: Jul 30 at 11:33AM

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Investment Insights

Based on property information with market context.

This multi-tenant shopping center offers retail storefront space within a dominant retail complex in town. The property is positioned for convenient customer access, supported by its direct connection to Caro Road.

Located at 1534-1560 W Caro Rd in Caro, MI, the center sits directly off Caro Road (M-81) with a reported traffic count of 15,467. The public remarks also note an additional property in the immediate area, Sugarcreek Plaza.

The listing is for lease and features a national tenant mix, making it suited for retail operators looking to align with an established commercial environment.

Key Highlights

• Dominant multi‑tenant shopping center in town
• Located directly off Caro Road (M‑81)
• Frontage directly off Caro Road (M‑81)

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick HVAC Service Real Estate Agency Law Firm Nail Salon Garden Center (Bike/Boat/Book/etc) Store

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

15,467 VPD

Traffic count

Multi-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

213

Businesses Nearby

42k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 56% Groceries 29% Apparel 13% Home Improvements & Furnishings 1%

Ollie's Bargain Outlet Shops & Services

16,908 visits/mo 0.2 miles

VG's Grocery Groceries

12,102 visits/mo 0.2 miles

Goodwill Apparel

5,546 visits/mo 0.2 miles

Independent Bank Shops & Services

3,470 visits/mo 0.5 miles

Moore Motor Sales Shops & Services

1,635 visits/mo 0.3 miles

Demographics for 48723, MI

11,953

Population

5,175

Households

2.3

Avg Household Size

45

Median Age

18%

College-Educated

91%

High-School Grad

131.8 sq mi

ZIP Area

91

Density / Sq Mi

$56,618

Median Household Income

$40,543

Median Earnings

$737

Median Rent

$131,300

Median Home Value

Market

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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Similar For Rent Nearby

Retail Space on Caro Road

1534-1560 W Caro Rd, Caro, MI

Contact for pricing

1,280 sqft

View details

Retail Space in Sugarcreek Plaza

1253 E Caro Rd, Caro, MI

Contact for pricing

16,351 sqft

View details

Similar Off Market Nearby

• Caro Centre — 1534 W Caro Rd, Caro, MI 48723
• Caro Centre — caro, mi 48723
• Secretary of State Self-service Station — 1520 W Caro Rd, Caro, MI 48723

Frequently Asked Questions

What type of property is this?

Shopping center - Dominant multi-tenant retail center with frontage directly off Caro Road and traffic count of 15,467.

Where is this shopping center located?

The property is located at 1534-1560 W Caro Rd Caro, MI.

What are key features of this property?

This property features: Dominant multi‑tenant shopping center in town; Located directly off Caro Road (M‑81); Frontage directly off Caro Road (M‑81)