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Troy Retail Investment Opportunity
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700 W Big Beaver Rd, Troy, MI 48084

Retail collection in Troy, Michigan, with national and local brands.

Property Size62,364 SF
Price / SF$686.29
Days on Market1009

Property Features for 700 W Big Beaver Rd

General Information

Standard status Active
Size 62,364 SF
Class A
Property subtype Retail
Zoning BB
Listing Agency: The Jonna Group at Colliers International
Listed By: Simon Jonna · License #MI 6501357188
Source: Crexi
Added: Nov 15, 2023 Changed: Aug 20 Last Checked: May 12 at 9:33PM

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 The Jonna Group at Colliers International

Investment Insights

Based on property information with market context.

This commercial real estate opportunity features a retail collection strategically located in Troy, Michigan. Known as the City Center Retail Collection, it comprises 15 national and local retail brands. The property has a size of 62364 square feet. This investment opportunity offers stores in an affluent community.

Key Highlights

  • Strategically located in Troy, Michigan, a highly affluent community.
  • Comprised of 15 national & local high performing retail brands.
  • Investment opportunity.

Property Analytics

Current Use

Melanie Jacob Physician Michael Petrevski, 21 ... Real Estate Agency YesNo Covid at Troy Medical Laboratory New Door Title Title Company Sara Vandenberg Physician

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Nail Salon Grocery & Convenience Store Florist Veterinary Clinic Pet Store

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

2,071
Businesses Nearby
192k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 66% Shops & Services 24% Hotels & Casinos 5% Electronics 4%
Yard House Dining
30,168 visits/mo 0.1 miles
BP Shops & Services
28,977 visits/mo 0.2 miles
Seasons 52 Dining
14,323 visits/mo 0.1 miles
Shake Shack Dining
13,242 visits/mo 0.0 miles
Chipotle Mexican Grill Dining
8,965 visits/mo 0.2 miles

Demographics for 48084, MI

16,364
Population
7,402
Households
2.2
Avg Household Size
37
Median Age
73%
College-Educated
99%
High-School Grad
6.2 sq mi
ZIP Area
2,639
Density / Sq Mi
$106,004
Median Household Income
$71,494
Median Earnings
$1,648
Median Rent
$420,000
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Retail collection in Troy, Michigan, with national and local brands.
Where is this shopping center located?
The property is located at 700 W Big Beaver Rd Troy, MI.
What is the asking price?
The asking price for this property is $42,800,000.
What are key features of this property?
This property features: Strategically located in Troy, Michigan, a highly affluent community.; Comprised of 15 national & local high performing retail brands.; Investment opportunity.
(248) 226-1611 Call to check price and availability
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