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Retail Space on High-Traffic Corner
For Lease
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16000-16078 15 Mile Rd, Fraser, MI 48026

Retail space with frontage on two roads and monument signage.

Space Size1,800 SF
Property Size19,750 SF
Days on Market1073

Property Features for 16000-16078 15 Mile Rd

General Information

Standard status Active
Size 1,800 SF
Class B
Total Parking Spaces 140
Property subtype Retail
Lease Type NNN

Building Details

Building Size 19,750 SF
Year Built 1990
Tenancy Multiple

Spaces For Lease

at 16000-16078 15 Mile Rd
16060 Active
Size 1,800 SF
Type Retail
Lease Type NNN
Contact us
Listing Agency: Pilot Property Group
Listed By: Alex Termini · License #MI 6501392648
Source: Crexi
Added: Oct 26, 2023 Changed: Aug 8 Last Checked: Aug 25 at 9:15AM

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

Investment Insights

Based on property information with market context.

The property is a retail space situated on a high-traffic corner with frontage on both Utica Road and 15 Mile Road. A monument sign is located on the premises. The location is across from businesses including Meijer, Taco Bell, Auto Zone, Jersey Mike’s, and Starbucks.

Key Highlights

  • High traffic corner location at Utica Road and 15 Mile Road.
  • Frontage on both Utica Road and 15 Mile Road.
  • Located across from Meijer, Taco Bell, Auto Zone, Jersey Mike’s, and Starbucks.

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Building Supply Big Box & Wholesale Store 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
$2.39 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

453
Businesses Nearby
272k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 55% Groceries 34% Shops & Services 10%
Meijer Groceries
91,972 visits/mo 0.2 miles
McDonald's Dining
33,641 visits/mo 0.1 miles
Buffalo Wild Wings Dining
17,678 visits/mo 0.2 miles
National Coney Island Dining
14,617 visits/mo 0.1 miles
Taco Bell Dining
14,325 visits/mo 0.1 miles

Demographics for 48026, MI

14,726
Population
6,778
Households
2.2
Avg Household Size
44
Median Age
21%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
3,592
Density / Sq Mi
$61,118
Median Household Income
$40,198
Median Earnings
$827
Median Rent
$193,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Fraser, MI

$16.85 /SF/Yr
Avg Asking Price
$12.5–$25 /SF/Yr
Price Range
6,701 SF
Avg Space Size

This space is priced 5% below the average of $16.85 /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
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space with frontage on two roads and monument signage.
Where is this retail space located?
The property is located at 16000-16078 15 Mile Rd Fraser, MI.
What is the lease rate?
The lease rate is $15.95 SF/Yr.
What are key features of this property?
This property features: High traffic corner location at Utica Road and 15 Mile Road.; Frontage on both Utica Road and 15 Mile Road.; Located across from Meijer, Taco Bell, Auto Zone, Jersey Mike’s, and Starbucks.
(586) 291-0499 Call to check price and availability
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