Building Details

Tenancy Multi

Listing Agency: Advantage Commercial Real Estate Show Phone

Listed By: Michael Visser · License #6​5​0​1​3​6​8​9​7​0

Source: Crexi

Added: Apr 10 Changed: Aug 8 Last Checked: Jul 20 at 6:49PM

Report an Issue

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 Advantage Commercial Real Estate

Investment Insights

Based on property information with market context.

This shopping center investment includes a newer-construction grocery anchor and an additional building providing 4,780 SF of space for retail and office users. The center is described as well maintained, with the grocery business having invested in the store in 2007 to develop an efficient marketplace for its operations. Dick’s has more than 9 years remaining on the base lease term.

The additional building is demised to support three businesses: Hing Long Restaurant, Dorr Nails & Spa, and Abbott Chiropractic. The property is offered for sale and is located at 1623 142nd Ave in Dorr, Michigan.

Key Highlights

• Dick’s market grocery anchor with 9+ years remaining on the base lease term
• Separate additional building totaling 4,780 SF provides retail and office space
• Additional building is demised for three tenants: Hing Long Restaurant, Dorr Nails & Spa, and Abbott Chiropractic

Property Analytics

Current Use

Primo Water Refill Big Box & Wholesale Store Leppinks Food Centers Grocery & Convenience Store Preferred Painting and Wallcovering ... Painting Service

Suggested Use

Top Pick Real Estate Agency Dental Office Big Box & Wholesale Store Auto Repair Shop Restaurant Auto Parts 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

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

118

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 49323, MI

10,235

Population

3,920

Households

2.6

Avg Household Size

37

Median Age

24%

College-Educated

93%

High-School Grad

50.1 sq mi

ZIP Area

204

Density / Sq Mi

$97,230

Median Household Income

$50,345

Median Earnings

$1,339

Median Rent

$271,900

Median Home Value

Market

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

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this shopping centers located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Frequently Asked Questions

What type of property is this?

Shopping center - Grocery anchor with a separate building demised to three businesses and 4,780 SF of additional space.

Where is this shopping center located?

The property is located at 1623 142nd Ave Dorr, MI.

What are key features of this property?

This property features: Dick’s market grocery anchor with 9+ years remaining on the base lease term; Separate additional building totaling 4,780 SF provides retail and office space; Additional building is demised for three tenants: Hing Long Restaurant, Dorr Nails & Spa, and Abbott Chiropractic