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Troy Retail Space For Sale
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86 W 14 Mile Rd, Troy, MI 48083

8,329 SF retail space in Troy, Michigan for sale.

Property Size8,329 SF
Price / SF$448.93
Days on Market1622

Property Features for 86 W 14 Mile Rd

General Information

Standard status Active
Size 8,329 SF
Property subtype Retail
Lease Type Absolute Net
Net Operating Income $215,000

Building Details

Year Built 2022
Tenancy Single
Listing Agency: Landmark Commercial Real Estate Services
Listed By: Daniel Kukes · License #MI 6502361395
Source: Crexi
Added: Mar 8, 2022 Changed: Aug 8 Last Checked: May 12 at 9:10PM

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 Landmark Commercial Real Estate Services

Investment Insights

Based on property information with market context.

This retail space, encompassing 8,329 square feet, is available for sale. The property is located in Troy, Michigan. The property is being offered with a 5.75% capitalization rate.

Key Highlights

  • 5.75% CAP Rate
  • Retail Property
  • 8,329 SF of retail space

Property Analytics

Current Use

LongHorn Steakhouse Restaurant

Suggested Use

Top Pick Restaurant Dental Office Pharmacy Storage Facility Garden Center 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.

Location Intelligence

Trade Area within ½ mile

956
Businesses Nearby
496k
Monthly Visits Nearby

Foot Traffic Nearby

Apparel 37% Shops & Services 24% Electronics 15% Dining 13%
Kohl's Apparel
79,986 visits/mo 0.4 miles
Micro Center Electronics
60,568 visits/mo 0.3 miles
T.J. Maxx Apparel
56,794 visits/mo 0.3 miles
JCPenney Apparel
45,977 visits/mo 0.4 miles
Michaels Shops & Services
43,159 visits/mo 0.3 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?
Retail space - 8,329 SF retail space in Troy, Michigan for sale.
Where is this retail space located?
The property is located at 86 W 14 Mile Rd Troy, MI.
What is the asking price?
The asking price for this property is $3,739,131.
What are key features of this property?
This property features: 5.75% CAP Rate; Retail Property; 8,329 SF of retail space
(248) 488-2620 Call to check price and availability
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