Listing Agency: CBRE | Detroit j***@cbre.com Show Phone

Listed By: Jasper Hanifi · License #6502401928 Show Phone

Source: Cbre

Added: Mar 25 Changed: Jul 6 Last Checked: Aug 21 at 10:26AM

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Investment Insights

Based on property information with market context.

This commercial real estate offers office units and spaces for rent. The property provides 2974 square feet of space and is located at 5700 Crooks Road, Troy, MI, 48098.

Key Highlights

• Office space available for lease
• Located in Troy, Michigan

Property Analytics

Property Profile

Current Use

Birmingham Business Credit, ... Bank Law Offices of Mani ... Law Firm BM Associates Inc Shopping Center & Mall Coutilish John G Law Firm Vincent Aceron with ... Insurance Agency

Suggested Use

Top Pick Restaurant Auto Repair Shop Big Box & Wholesale Store Building Supply Hair Salon Spa & Massage 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.

Lease Details

NNN (Triple Net)

Lease Type

$2.32 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

552

Businesses Nearby

Explore this area Business Placement

Demographics for 48098, MI

20,349

Population

7,828

Households

2.6

Avg Household Size

46

Median Age

77%

College-Educated

98%

High-School Grad

9.4 sq mi

ZIP Area

2,165

Density / Sq Mi

$165,781

Median Household Income

$83,298

Median Earnings

$1,720

Median Rent

$485,300

Median Home Value

Market

Lease Benchmarks for Troy, MI

$19.13 /SF/Yr

Avg Asking Price

$4.29–$35.53 /SF/Yr

Price Range

22,209 SF

Avg Space Size

This space is priced 19% below the average of $19.13 /SF/Yr.

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office units 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?

Office units - Office space available for lease in Troy, Michigan.

Where is this office units located?

The property is located at 5700 Crooks Road Troy, MI.

What is the lease rate?

The lease rate is $15.50 SF/Yr.

What are key features of this property?

This property features: Office space available for lease; Located in Troy, Michigan