Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Storefront Space in Shopping Center Title is generated by Realmo AI

    15400 Sheldon Rd, Northville, MI 48168

    View on Map
    Claim this Listing
    New
    For Lease
    Contact for pricing

    Small shop space available in a Northville center anchored by Fresh Thyme Market.

    Type:Retail
    Property size:
    1,613 SF
    Added:
    Jun 1, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 5 at 2:02 am

    Property Features for 15400 Sheldon Rd

    General Information

    Standard status
    Active
    Size
    1,613 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Lindsey Shaw

    Listing agent Lindsey Shaw

    Listing office Mid America Real Estate - Michigan Inc

    Listing date Jun 1, 2026

    Source Cpix.resimplifi

    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 Mid America Real Estate - Michigan Inc

    HighLights

    • Small shop space available soon in Benton’s Crossing shopping center
    • Northville shopping center anchored by Fresh Thyme Market
    • Located at 5 Mile and Sheldon Roads, about 1/2 mile north of the M‑14 interchange
    • Nearby tenants include Busch’s, Carl’s Golfland, Einstein Bagels, Burger King, and Wendy’s

    Overview

    This listing offers a small retail storefront space available for lease in Benton’s Crossing. The property is presented as shop space within an established neighborhood shopping center, positioned to serve day-to-day retail demand.

    Benton’s Crossing is located at Sheldon Road and 5 Mile Road in Northville, only about a half mile north of the M-14 interchange. The center is anchored by Fresh Thyme Market and is supported by a tenant mix that includes Busch’s, Carl’s Golfland, Einstein Bagels, Burger King, Wendy’s, and other surrounding retailers.

    For tenants seeking a compact retail footprint in a multi-tenant shopping environment, this space can be a workable option within a center anchored by a national grocery brand. The proximity to the M-14 interchange and the on-site mix of restaurants and retailers may help drive consistent customer traffic for everyday shopping needs.
    Location Intelligence

    Current Use by Public Records

    Rusty Bucket Restaurant ... Restaurant

    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
    Northville
    County
    Wayne
    State
    Michigan
    Longitude
    -83.481571
    Latitude
    42.3969

    Nearby Similar for Lease

    • $5,500/Mo
      1,500 SF

      Prime Retail Space, Northville

      Retail space in vibrant downtown Northville with high visibility.
      340 N Center Street, Northville, MI 48167
      View Details
    • $6,400/Mo
      1,500 SF

      Prime Retail Space, Northville, MI

      Retail space in downtown Northville, vibrant and growing community.
      340 N Center Street, Northville, MI 48167
      View Details
    • $5,500/Mo
      6,232 SF

      Northville Office Space For Rent

      Former chiropractic office suitable for healthcare or professional services.
      41074 7 Mile Road, Northville, MI 48167
      View Details
    • $3,500/Mo
      700 SF

      Northville Office Space Available

      Office space for rent in Northville, Michigan.
      104 W Main Street, Northville, MI 48167
      View Details
    • $45 SF/Yr
      7,406 SF

      Freestanding Restaurant and Bar

      Freestanding restaurant and bar with exceptional corner visibility, ample parking, and recent HVAC upgrades.
      39550 Seven Mile Road, Northville, MI 48167
      View Details
    • $30 SF/Yr
      21,746 SF

      Mixed-Use Retail and Office Building

      Prominent downtown mixed-use space with office and retail layouts and convenient nearby municipal and street parking.
      137 CadyCentre, Northville, MI 48167
      View Details
    • $5,500/Mo
      6,232 SF

      Northville Office Space Available

      Former chiropractic office suitable for healthcare or professional services.
      41074 7 Mile Rd, Northville, MI
      View Details
    • $3,950/Mo

      Retail Space in Downtown Northville

      Retail space for lease in downtown Northville, parking available.
      111 Griswold St, Northville, MI 48167
      View Details
    • Contact for pricing
      12,924 SF

      Furnished Office Sublease Opportunity

      Move-in ready, furnished office sublease available until August 2029.
      22260 Haggerty Road, Northville, MI, 48167
      View Details
    • Contact for pricing
      1,474 SF

      Plug-and-Play Downtown Office Suite

      Office suite with three private offices, reception, kitchenette, and private restrooms with convenient downtown access.
      135 East Cady Street, Northville, MI 48167
      View Details
    • $13 SF/Yr

      Northville Office Space Available

      Office space for rent in Northville, Michigan.
      41600 Six Mile Road, Northville, MI 48168
      View Details
    • $21 SF/Yr
      1,604 SF

      Northville Office Space For Rent

      Office space for rent near downtown Northville and I-275.
      41700-41860 Six Mile Rd, Northville, MI
      View Details

    FAQs

    What type of property is this?
    Storefront property - Small shop space available in a Northville center anchored by Fresh Thyme Market.
    Where is this storefront property located?
    The property is located at 15400 Sheldon Rd Northville, MI.
    What are key features of this property?
    This property features: Small shop space available soon in Benton’s Crossing shopping center; Northville shopping center anchored by Fresh Thyme Market; Located at 5 Mile and Sheldon Roads, about 1/2 mile north of the M‑14 interchange
    (248) 855-6800
    We can help!
    Listing Contact
    Lindsey Shaw
    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
    15400 Sheldon Rd, Northville, MI 48168
    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!