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Retail Space in Dynamic Town
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686-880 East Big Beaver Road, Troy, MI 48083

Retail space for lease in desirable Detroit sub-market.

Space SizeContact for details
Property Size249,446 SF
Days on Market316

Property Features for 686-880 East Big Beaver Road

General Information

Standard status Active
Size 249,446 SF
Property subtype Retail
Zoning BB

Building Details

Building Size 249,446 SF
Listing Agency: Mid America Real Estate - Michigan Inc
Listed By: Eric Unatin
Source: Cpix.resimplifi
Added: Oct 13, 2025 Changed: Aug 23 Last Checked: Aug 24 at 3:06AM

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.

This retail space is located in a dynamic town center at the southwest corner of Big Beaver and Rochester Roads, situated in a desirable sub-market of northwest Detroit. The location benefits from a stable residential base and a large business community. The presence of REI and Nordstrom contributes to a regional draw unique to the market. A street-side retail district has been created, featuring restaurants and service uses within a recently added 27,000 square feet of gross leasable area (GLA). The property is located within the Somerset Collection trade area, a top-performing regional mall in Michigan. Troy, the city where the property is located, is one of the largest cities in Oakland County, with a population exceeding 94,000 and an average household income of $123,115 within a 3-mile radius. Troy contains over 40 million square feet of retail, office, and industrial space combined, along with over 2,300 first-class hotel rooms. The high schools in Troy are ranked in the top 4% for performance among U.S. high schools. A second-generation hair salon space is available for lease.

Key Highlights

  • Located in the Somerset Collection trade area, the top‑performing regional mall in Michigan.
  • Strategic location at the southwest corner of Big Beaver and Rochester Roads in a desirable Detroit sub‑market.
  • Supported by a stable residential base and a large business community.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Parking Lot & Garage Furniture & Home Goods Barber Shop Grocery & Convenience Store Bakery Garden 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

Location Intelligence

Trade Area within ½ mile

1,154
Businesses Nearby
278k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 42% Apparel 28% Shops & Services 11% Groceries 8%
Nordstrom Rack Apparel
42,798 visits/mo 0.2 miles
McDonald's Dining
23,675 visits/mo 0.4 miles
Fresh Thyme Market Groceries
21,977 visits/mo 0.3 miles
Burger King Dining
16,517 visits/mo 0.3 miles
REI Apparel
16,113 visits/mo 0.2 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

Lease Benchmarks for Troy, MI

$22.53 /SF/Yr
Avg Asking Price
$6–$35 /SF/Yr
Price Range
6,709 SF
Avg Space Size

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?
Retail space - Retail space for lease in desirable Detroit sub-market.
Where is this retail space located?
The property is located at 686-880 East Big Beaver Road Troy, MI.
What are key features of this property?
This property features: Located in the Somerset Collection trade area, the top‑performing regional mall in Michigan.; Strategic location at the southwest corner of Big Beaver and Rochester Roads in a desirable Detroit sub‑market.; Supported by a stable residential base and a large business community.
More about this property
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