Listing Agency: EXP Realty Main m***@exprealty.net Show Phone

Listed By: John Goci · License #6501389885 Show Phone

Source: Exprealty

Added: Apr 11 Changed: Oct 25 Last Checked: Oct 28 at 10:38AM

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Investment Insights

Based on property information with market context.

This property offers a versatile space suitable for office, business, or retail use. It is located across from the entrance to Metro Parks. A new parking lot is planned for construction this fall. The property was formerly used as an appliance repair shop and, before that, as a convenience store. The location has a Walk Score of 8, indicating it is car-dependent, and a Bike Score of 26, indicating it is somewhat bikeable.

Key Highlights

• Great location suitable for office, business, or retail
• Located across from a Metro Parks entrance
• New parking lot being installed this fall

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Joe's Appliance Service ... Home Appliance Store

Suggested Use

Top Pick Auto Repair Shop HVAC Service Electrical Service Storage Facility Law Firm Plumbing Service

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

$1.66 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

15

Businesses Nearby

Explore this area Business Placement

Demographics for 48111, MI

44,055

Population

19,406

Households

2.3

Avg Household Size

40

Median Age

27%

College-Educated

92%

High-School Grad

66.9 sq mi

ZIP Area

659

Density / Sq Mi

$74,125

Median Household Income

$42,194

Median Earnings

$1,162

Median Rent

$239,400

Median Home Value

Market

Lease Benchmarks for Sumpter Twp, MI

$14.26 /SF/Yr

Avg Asking Price

$11.04–$18 /SF/Yr

Price Range

17,648 SF

Avg Space Size

This space is priced 23% below the average of $14.26 /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

Frequently Asked Questions

What type of property is this?

Retail space - Versatile space suitable for office, business, or retail use.

Where is this retail space located?

The property is located at 17400 Savage Rd Sumpter Twp, MI.

What is the lease rate?

The lease rate is $2,300/Mo.

What are key features of this property?

This property features: Great location suitable for office, business, or retail; Located across from a Metro Parks entrance; New parking lot being installed this fall