Listing Agency: NAI Farbman Southfield

Listed By: Brad Margolis · License #MI 6501371948 Show Phone

Source: Crexi

Added: Apr 16, 2019 Changed: Oct 10 Last Checked: Oct 23 at 6:55AM

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Investment Insights

Based on property information with market context.

This commercial real estate offering features a retail space with a property size of 20000 square feet. The property is located on Rochester Road in Troy, Michigan. This property is for sale.

Key Highlights

• No information provided to extract selling points.

Property Analytics

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

Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Storage Facility Furniture & Home Goods Barber Shop Grocery & Convenience 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.

Location Intelligence

Trade Area within ½ mile

931

Businesses Nearby

283k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 44% Apparel 27% Shops & Services 10% Groceries 8%

Nordstrom Rack Apparel

42,798 visits/mo 0.1 miles

McDonald's Dining

23,675 visits/mo 0.2 miles

Fresh Thyme Market Groceries

21,977 visits/mo 0.3 miles

Burger King Dining

16,517 visits/mo 0.1 miles

REI Apparel

16,113 visits/mo 0.2 miles

Demographics for 48083, MI

24,074

Population

10,437

Households

2.3

Avg Household Size

41

Median Age

53%

College-Educated

91%

High-School Grad

8.6 sq mi

ZIP Area

2,799

Density / Sq Mi

$88,551

Median Household Income

$53,204

Median Earnings

$1,277

Median Rent

$293,300

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Retail space available for sale on Rochester Road.

Where is this retail space located?

The property is located at 2810-2840 Rochester Rd Troy, MI.

What is the asking price?

The asking price for this property is $1,900,000.

What are key features of this property?

This property features: No information provided to extract selling points.