Building Details

Year Built 1977

Tenancy Multi

Listing Agency: GRI Homes for Today t***@gerdomrealty.com Show Phone

Listed By: Tjader Gerdom · License #6502357230

Source: Premiermichiganhomesearch

Added: Jul 29 Changed: Aug 30 Last Checked: Aug 30 at 1:10AM

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Investment Insights

Based on property information with market context.

This 1,200-square-foot inline suite is available for lease within a retail center built in 1977. The space can accommodate retail, restaurant, or office use, providing flexibility for a range of commercial operations. Lease terms are negotiable.

The property is located at 5500 Cooley Lake Rd in Commerce Twp., Michigan, near Cass Elizabeth Road. Access is provided at a signalized intersection, while ample parking and pylon signage support customer arrival and property identification.

Key Highlights

• 1,200 SF inline retail/office suite available for lease
• Retail, restaurant, or office use supported
• Signalized access at Cooley Lake Road and Cass Elizabeth Road

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency HVAC Service Electrical Service Bakery Skin Care Clinic Furniture & Home Goods

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

Multi-tenant

Tenancy

NNN (Triple Net)

Lease Type

$3.00 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

38

Businesses Nearby

Explore this area Business Placement

Demographics for 48327, MI

21,811

Population

9,864

Households

2.2

Avg Household Size

41

Median Age

32%

College-Educated

94%

High-School Grad

11.3 sq mi

ZIP Area

1,930

Density / Sq Mi

$75,512

Median Household Income

$46,259

Median Earnings

$1,058

Median Rent

$241,600

Median Home Value

Market

Lease Benchmarks for Commerce Twp, MI

$17.5 /SF/Yr

Avg Asking Price

$12–$20 /SF/Yr

Price Range

8,267 SF

Avg Space Size

This space is priced 14% above the average of $17.5 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Flexible suite supports retail, restaurant, or office use with parking and pylon signage.

Where is this retail space located?

The property is located at 5500 Cooley Lake Rd Commerce Twp, MI.

What is the lease rate?

The lease rate is $20 SF/Yr.

What are key features of this property?

This property features: 1,200 SF inline retail/office suite available for lease; Retail, restaurant, or office use supported; Signalized access at Cooley Lake Road and Cass Elizabeth Road