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Office Units

431 Stephenson Hwy, Troy, MI 48083

For Lease
New
$12 SF/Yr

Office space is available for lease in Troy, Michigan.

Space Size22,752 SF
Days on Market3

Property Features for 431 Stephenson Hwy

General Information

Standard status Active
Size 22,752 SF
Net Rentable 22,752 SF
Class B
Property subtype Office
Lease Term Gross

Space & Availability

Available Space 22,752 SF
Space Use Office

Building Details

Building Size 22,752 SF
Year Built 1971

Spaces For Lease

at 431 Stephenson Hwy
Available Space $12/SF/Yr
Size 22,752 SF
Term Negotiable
Contact us
Listing Agency: Signature Associates Southfield
Listed By: Chris Secontine · License MI #6502124133
Source: Tcnworldwide
Added: Nov 8 Last Checked: Nov 10 at 6:39AM

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 Signature Associates Southfield

Rey
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Investment Insights

Based on property information with market context.

Office units at 431 Stephenson Highway in Troy, Michigan, are available for lease. The property offers 22,752 square feet of office space.

Key Highlights

  • 22,752 square feet of office space available

Property Analytics

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

Current Use

Tri-Chem Corporation Landscaping Brightwing Employment Agency dormakaba USA Inc. Industrial Manufacturer Mentor Group Inc Electrical Service MuscleGloss General Contractor

Suggested Use

Top Pick Law Firm Parking Lot & Garage (Bike/Boat/Book/etc) Store Daycare Center Florist Catering 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.

Lease Details

NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

794
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Troy, MI

$18.32 /SF/Yr
Avg Asking Price
$2.87–$35.53 /SF/Yr
Price Range
28,031 SF
Avg Space Size

This space is priced 34% below the average of $18.32 /SF/Yr.

Average Price Trend$/SF/Yr for Office Units in Troy, MI

$17.74 Jul
$18.64 Aug
$18.15 Sep
$18.32 Oct

Properties on Market for Office Units in Troy

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Office space is available for lease in Troy, Michigan.
Where is this office unit located?
The property is located at 431 Stephenson Hwy Troy, MI.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: 22,752 square feet of office space available
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