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Renovated Multi-Tenant Shopping Center
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3520 Okemos Rd, Okemos, MI 48864

Signalized-corner retail property with full occupancy and on-site parking.

Property Size12,990 SF
Days on Market9

Property Features for 3520 Okemos Rd

General Information

Standard status Active
Size 12,990 SF
Class A
Total Parking Spaces 68
Property subtype Retail
Zoning c2
Occupancy 100%
Lease Type NNN
Investment Type Stabilized
Net Operating Income $349,359

Building Details

Year Built 1990
Year Renovated 2025
Units 7
Tenancy Multi
Listing Agency: ICONIC Real Estate
Listed By: Jacob Sworski · License #MI
Source: Crexi
Added: Aug 24 Changed: Aug 31 Last Checked: Sep 1 at 10:28AM

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 ICONIC Real Estate

Investment Insights

Based on property information with market context.

This 12,990-square-foot shopping center was built in 1990 and has undergone a full renovation. The multi-tenant retail property is fully occupied and includes a tenant roster featuring Wingstop, Biggby Coffee, Subway, Sport Clips, and Jars Cannabis. C2 zoning supports its established commercial retail profile.

Positioned at the signalized intersection of Okemos Rd. and Jolly Oak Rd., the center benefits from reported traffic counts of up to 27,808 vehicles per day. The property is near I-96 and minutes from Michigan State University. On-site parking serves the retail center and its mix of national and regional occupants.

Key Highlights

  • 12,990‑square‑foot shopping center built in 1990 and fully renovated
  • 100% occupancy with Wingstop, Biggby Coffee, Subway, Sport Clips, and Jars Cannabis
  • Signalized intersection at Okemos Rd. and Jolly Oak Rd.

Property Analytics

Current Use

Pole Barn Designs Construction Company ForRent.Com Apartment Building Subway Take-out & Catering Baryames Cleaners (Bike/Boat/Book/etc) Store Biggby Coffee Cafe & Coffee Shop

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Hair Salon Electrical 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.

Location Intelligence

Trade Area within ½ mile

1,099
Businesses Nearby
189k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 81% Shops & Services 9% Hotels & Casinos 7% Electronics 1%
McDonald's Dining
30,245 visits/mo 0.1 miles
Culver's Dining
21,180 visits/mo 0.2 miles
Dunkin' Donuts Dining
18,147 visits/mo 0.2 miles
Cracker Barrel Old Country Store Dining
16,727 visits/mo 0.2 miles
Starbucks Dining
15,975 visits/mo 0.1 miles

Demographics for 48864, MI

22,804
Population
9,903
Households
2.3
Avg Household Size
38
Median Age
76%
College-Educated
98%
High-School Grad
20.1 sq mi
ZIP Area
1,135
Density / Sq Mi
$113,145
Median Household Income
$64,120
Median Earnings
$1,281
Median Rent
$358,100
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?
Shopping center - Signalized-corner retail property with full occupancy and on-site parking.
Where is this shopping center located?
The property is located at 3520 Okemos Rd Okemos, MI.
What are key features of this property?
This property features: 12,990‑square‑foot shopping center built in 1990 and fully renovated; 100% occupancy with Wingstop, Biggby Coffee, Subway, Sport Clips, and Jars Cannabis; Signalized intersection at Okemos Rd. and Jolly Oak Rd.
(248) 890-7413 Call to check price and availability
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