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Retail Development Opportunity in Troy
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3153 Rochester Road, Troy, MI 48083

New retail development with restaurant and patio opportunities available.

Space Size10,825 SF
Days on Market162

Property Features for 3153 Rochester Road

General Information

Standard status Active
Size 10,825 SF
Property subtype Retail

Building Details

Building Size 10,825 SF

Spaces For Lease

at 3153 Rochester Road Contact us

New Development

Size
10,825 SF
Term
Negotiable
Rate
Contact for pricing
Contact us
Listing Agency: Mid America Real Estate - Michigan Inc
Listed By: Gabe Schuchman
Source: Midamericagrp
Added: Mar 7 Changed: Aug 8 Last Checked: Aug 16 at 4:53AM

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

Investment Insights

Based on property information with market context.

A new retail development is planned for the southwest corner of Rochester Road and Hartland Avenue in Troy, Michigan. The development offers retail, restaurant, and patio opportunities for lease. The location is in a highly desired trade area near Big Beaver Road, home to Michigan’s upscale Somerset Mall, retail and daily-needs anchored power centers, several hotels, upscale restaurants, and numerous office buildings.

Key Highlights

  • Highly desired trade area near Big Beaver Road and Somerset Mall.
  • New retail development planned.
  • Retail, restaurant, and patio opportunities available for lease.

Property Analytics

Current Use

Ascend Church Church

Suggested Use

Top Pick Parking Lot & Garage Building Supply Furniture & Home Goods Storage Facility Electrical Service Hotel & Motel

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

Location Intelligence

Trade Area within ½ mile

931
Businesses Nearby
283k
Monthly Visits Nearby

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

Lease Benchmarks for Troy, MI

$21.51 /SF/Yr
Avg Asking Price
$6–$35 /SF/Yr
Price Range
33,559 SF
Avg Space Size

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 property - New retail development with restaurant and patio opportunities available.
Where is this retail property located?
The property is located at 3153 Rochester Road Troy, MI.
What are key features of this property?
This property features: Highly desired trade area near Big Beaver Road and Somerset Mall.; New retail development planned.; Retail, restaurant, and patio opportunities available for lease.
More about this property
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