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Grocery-Anchored Shopping Center
For Lease
$16 SF/Yr

34760-35000 23 Mile Road, New Baltimore, MI 48047

Retail space benefits from multiple access points, cross-access, and prominent pylon signage.

Space SizeContact for details
Days on Market336
Rey
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Property Features for 34760-35000 23 Mile Road

General Information

Standard status Active
Property subtype Retail
Listing Agency: Gerdom Realty & Investment
Listed By: Michael Murphy · License #6501389134
Source: Cpix.resimplifi
Added: Nov 13, 2025 Changed: Oct 7 Last Checked: Oct 14 at 7:51PM

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 Gerdom Realty & Investment

Investment Insights

Based on property information with market context.

Chesterfield Commons is a grocery-anchored shopping center with Kroger as the anchor tenant. The center is maintained for ongoing retail operations and includes ample parking, multiple curb cuts, internal cross-access, and pylon signage.

The property is located at 34760-35000 23 Mile Road in New Baltimore, Michigan, with access from both 23 Mile Road (M-29) and Altman Road. Positioned east of I-94, the center serves the Chesterfield and New Baltimore markets and provides retail space within an established commercial setting.

Key Highlights

  • Kroger‑anchored shopping center
  • Multiple curb cuts from 23 Mile Road (M‑29) and Altman Road
  • Internal cross‑access supports movement throughout the center

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Law Firm Restaurant Auto Repair Shop 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

NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

492
Businesses Nearby
128k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Groceries 36% Shops & Services 34% Dining 21% Electronics 6%
Kroger Groceries
46,691 visits/mo 0.1 miles
Dollar Tree Shops & Services
17,079 visits/mo 0.4 miles
Kroger Fuel Center Shops & Services
13,327 visits/mo 0.1 miles
Taco Bell Dining
11,457 visits/mo 0.2 miles
Marathon Shops & Services
6,187 visits/mo 0.2 miles

Demographics for 48047, MI

39,775
Population
16,765
Households
2.4
Avg Household Size
42
Median Age
29%
College-Educated
94%
High-School Grad
18.0 sq mi
ZIP Area
2,210
Density / Sq Mi
$95,381
Median Household Income
$50,151
Median Earnings
$1,109
Median Rent
$297,600
Median Home Value

Market

Lease Benchmarks for New Baltimore, MI

$21.24 /SF/Yr
Avg Asking Price
$13.95–$40 /SF/Yr
Price Range
27,573 SF
Avg Space Size

This space is priced 25% below the average of $21.24 /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

Similar Off Market Nearby

  • Coinstar Kiosk - Bitcoin ATM — 35000-23 Mile Road Kroger, New Baltimore, MI 48047
  • Secretary of State Self-service Station — 35000 23 Mile Rd, New Baltimore, MI 48047
  • The Rainbow Llamas — 35248 23 Mile Rd, New Baltimore, MI 48047
  • New Baltimore Trade Center — 35248 23 Mile Rd, New Baltimore, MI 48047
  • Plaza at the Pointe Shopping Center — 35284 23 Mile Rd, New Baltimore, MI 48047

Frequently Asked Questions

What type of property is this?
Shopping center - Retail space benefits from multiple access points, cross-access, and prominent pylon signage.
Where is this shopping center located?
The property is located at 34760-35000 23 Mile Road New Baltimore, MI.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Kroger‑anchored shopping center; Multiple curb cuts from 23 Mile Road (M‑29) and Altman Road; Internal cross‑access supports movement throughout the center
More about this property
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