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Dynamic Power Centers in Troy
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500-740 John R Road, Troy, MI 48083

Power centers with upgrades and restaurant opportunity in Troy, MI.

Property Size391,749 SF
Days on Market336

Property Features for 500-740 John R Road

General Information

Standard status Active
Size 391,749 SF
Property subtype Retail

Building Details

Building Size 391,749 SF

Properties For Sale

at 500-740 John R Road Contact us

Pad A

Size
6,000 SF
Term
Negotiable
Contact us

Pad B

Size
800 SF
Term
Negotiable
Contact us

Pad C + Drive-thru

Size
2,264 SF
Term
Negotiable
Contact us
Listing Agency: Mid America Real Estate - Michigan Inc
Listed By: Eric Birnholtz · License #KS 00225734
Source: Midamericagrp
Added: Sep 12, 2025 Changed: Aug 12 Last Checked: Aug 12 at 4:03AM

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.

Oakland Plaza and Oakland Square are power centers located at the northeast corner of 14 Mile and John R Roads in Troy, Michigan. Situated on John R Road, the centers are across from The Oakland Mall, a super regional mall encompassing 1,500,000 square feet and over 115 stores. The property is under new ownership, with upgrades underway, including parking lot improvements and facade enhancements such as new paint. Both centers feature a mix of national, regional, and local tenants. A former turn-key restaurant opportunity is available, along with a junior anchor position for lease. The centers offer multiple points of ingress and egress, a traffic-controlled entrance, and four prominent monument signs with space for future tenants. The location benefits from over 55,000 vehicles per day passing both properties. The property size is 391 square feet.

Key Highlights

  • High‑traffic location: 55,000+ vehicles per day.
  • Located across from The Oakland Mall (1,500,000 SF, 115+ stores).
  • Multiple points of ingress/egress and a traffic‑controlled entrance.

Property Analytics

Current Use

Power centers

Suggested Use

Top Pick Real Estate Agency Storage Facility Garden Center Parking Lot & Garage Dental Office Gym & Fitness Center

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

932
Businesses Nearby
449k
Monthly Visits Nearby

Foot Traffic Nearby

Apparel 45% Shops & Services 28% Dining 13% Home Improvements & Furnishings 9%
Kohl's Apparel
79,986 visits/mo 0.1 miles
T.J. Maxx Apparel
56,794 visits/mo 0.2 miles
JCPenney Apparel
45,977 visits/mo 0.3 miles
Michaels Shops & Services
43,159 visits/mo 0.2 miles
HomeGoods Home Improvements & Furnishings
42,073 visits/mo 0.1 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

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?
Power center - Power centers with upgrades and restaurant opportunity in Troy, MI.
Where is this power center located?
The property is located at 500-740 John R Road Troy, MI.
What are key features of this property?
This property features: High‑traffic location: 55,000+ vehicles per day.; Located across from The Oakland Mall (1,500,000 SF, 115+ stores).; Multiple points of ingress/egress and a traffic‑controlled entrance.
More about this property
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