Listing Agency: Detroit b***@colliers.com Show Phone

Listed By: Ben Hubert · License #6502385681 Show Phone

Source: Colliers

Added: Mar 30 Changed: Aug 26 Last Checked: Aug 31 at 12:50PM

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Investment Insights

Based on property information with market context.

This commercial real estate offers 5,156 square feet of retail space.

Key Highlights

• 5,156 SF Retail Space

Property Analytics

Property Profile

Current Use

Marshall Music Company (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm Building Supply Auto Parts Store HVAC Service Auto Repair Shop Pharmacy

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

$1.80 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

324

Businesses Nearby

48k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 50% Dining 40% Home Improvements & Furnishings 6% Beauty & Spa 4%

Shell Shops & Services

13,946 visits/mo 0.0 miles

Wendy's Dining

10,351 visits/mo 0.0 miles

FedEx Office Print & Ship Center Shops & Services

3,708 visits/mo 0.1 miles

Quickly Boba Cafe Dining

3,641 visits/mo 0.4 miles

Leslie's Pool Supplies Home Improvements & Furnishings

2,879 visits/mo 0.4 miles

Demographics for 48085, MI

26,507

Population

9,330

Households

2.8

Avg Household Size

42

Median Age

59%

College-Educated

96%

High-School Grad

9.3 sq mi

ZIP Area

2,850

Density / Sq Mi

$144,146

Median Household Income

$65,370

Median Earnings

$2,213

Median Rent

$395,300

Median Home Value

Market

Lease Benchmarks for Troy, MI

$22.53 /SF/Yr

Avg Asking Price

$6–$35 /SF/Yr

Price Range

17,831 SF

Avg Space Size

This space is priced 47% below the average of $22.53 /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

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Retail space available for rent.

Where is this retail space located?

The property is located at 4052 Rochester Rd Troy, MI.

What is the lease rate?

The lease rate is $5,156/Mo.

What are key features of this property?

This property features: 5,156 SF Retail Space