Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Clarkston Retail Space For Lease Title is generated by Realmo AI

    5875 5911 Dixie Highway, Clarkston, MI

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail space available for lease in Clarkston, Michigan.

    Type:RETAIL
    Property size:
    5,000 SF
    Lot size:
    1.99 Acres
    Added:
    Apr 1, 2025
    Days on Market:
    434
    Last Refresh:
    May 19 at 9:08 pm

    Property Features for 5875 5911 Dixie Highway

    General Information

    Standard status
    Active
    Size
    5,000 SF
    Lot size
    1.99 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 5875 5911 Dixie Highway Contact us

    We can help!

    Listing Contact
    Robert Mihelich

    Listing agent Robert Mihelich License #6501237599

    Listing office JLL | Detroit

    Listing date Apr 1, 2025

    Source Moodyscre

    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 JLL | Detroit

    HighLights

    • Retail space available for lease.
    • Located at 5875‑5911 Dixie Hwy, Clarkston, Michigan 48346.
    • Available square footage: 5,000 SF.
    • Contact for further information.

    Overview

    Available for lease is a 5,000-square-foot retail space located at 5875-5911 Dixie Hwy, Clarkston, Michigan 48346. Please contact for further information.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clarkston
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4053
    Latitude
    42.7054

    Nearby Similar for Lease

    • $1,100/Mo
      2,663 SF

      Clarkston Commercial Space For Lease

      Prime commercial space in Clarkston with high visibility.
      5896 Dixie Highway, Clarkston, MI 48346
      View Details
    • $3,917/Mo
      12,226 SF

      Clarkston Medical/Office Suite For Lease

      Professionally managed 2,474 SF medical/office suite available for lease.
      7650 Dixie Highway, Clarkston, MI 48346
      View Details
    • $2,200/Mo
      5,120 SF

      Clarkston Office Building For Lease

      Remodeled office building in Clarkston with private entrance.
      5850 DIXIE Highway, Clarkston, MI 48346
      View Details
    • $20 SF/Yr
      12,119 SF

      Clarkston Office Space For Lease

      Office, retail, or medical space available in Clarkston, Michigan.
      6751 Dixie Highway, Clarkston, MI 48346
      View Details
    • $1,100/Mo
      850 SF

      Medical Office Suite with Side Entry

      Well-maintained suite with dedicated side entry, private bath with laundry, and ample paved parking for client traffic.
      5896 Dixie Hwy Suite B, IndependenceCharterTownship_Oakland, MI 48346
      View Details
    • $3,917/Mo
      2,474 SF

      Medical Office Suite with 9 Offices

      Well-appointed medical/office suite with a waiting area, reception, nine private offices, and two restrooms.
      7650 Dixie Hwy, IndependenceCharterTownship_Oakland, MI 48346
      View Details
    • $2,200/Mo
      1,220 SF

      Private-Entrance Office Suite

      Remodeled office suite with a private entrance, ample parking, and rent that includes utilities like water and trash.
      5850 DIXIE Hwy B, IndependenceCharterTownship_Oakland, MI 48346
      View Details
    • $20 SF/Yr
      10,700 SF

      First-Floor Office, Retail & Medical Space

      First-floor space with ample parking and exterior entrances, suited for office, retail, or medical uses.
      6751 Dixie Hwy, VillageOfClarkstonCity_Oakland, MI 48346
      View Details
    • $2,390/Mo
      1,687 SF

      Office Suite in Design/Tech Park

      Suite #100 offers professional, client-facing workspace with parking in a design/tech office park.
      7457 M E Cad Blvd 100, SpringfieldCharterTownship_Oakland, MI 48348
      View Details
    • $4,500/Mo
      3,600 SF

      Main Street Retail Space Available

      Retail space for lease on Main Street in Clarkston, MI.
      22 S Main Street, Clarkston, MI 48346
      View Details
    • $21 SF/Yr
      11,000 SF

      Medical/Office Building Near McLaren Clarkston

      Newly built medical/office building, conveniently located near I-75.
      Independence Township, MI 48346
      View Details
    • Contact for pricing
      11,632 SF

      Flex Industrial Warehouse Units

      Flexible warehouse and office configuration with grade-level drive-through access for storage-focused users.
      9650 Dixie Hwy, Clarkston, MI 48348
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available for lease in Clarkston, Michigan.
    Where is this retail space located?
    The property is located at 5875 5911 Dixie Highway Clarkston, MI.
    What are key features of this property?
    This property features: Retail space available for lease.; Located at 5875‑5911 Dixie Hwy, Clarkston, Michigan 48346.; Available square footage: **5,000 SF**.
    (248) 581-3300 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Robert Mihelich
    Real Estate License ID: 6501237599
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5875 5911 Dixie Highway, Clarkston, MI
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!