Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail and Restaurant Spaces Available Title is generated by Realmo AI

    15185 N Sheldon Rd, Plymouth, MI 48170

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail and restaurant spaces for lease in grocery store center.

    Type:Retail, Restaurant
    Added:
    Nov 8, 2022
    Days on Market:
    1300
    Last Refresh:
    May 12 at 10:45 pm

    Property Features for 15185 N Sheldon Rd

    General Information

    Standard status
    Active
    Property subtype
    Retail, Restaurant

    Spaces For Lease

    at 15185 N Sheldon Rd Contact us

    We can help!

    Listing Contact
    Brad Rosenberg

    Listing agent Brad Rosenberg License #6501204147

    Listing office Mid-America Real Estate - Michigan, Inc.

    Listing date Nov 8, 2022

    Source Crexi

    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.

    HighLights

    • Dominant grocery store center location
    • Multiple points of ingress and egress for ease of access
    • Located 1/2 mile north of M‑14 Expressway
    • Strong daytime population
    • Strong residential area
    • Retail and restaurant spaces available

    Overview

    Retail and restaurant spaces are available for lease in a dominant grocery store center. The location benefits from multiple points of ingress and egress. Sheldon Place is situated approximately 0.5 miles north of the M-14 Expressway, which serves as a main route between Metro Detroit and Ann Arbor. The intersection of 5 Mile and Sheldon Roads is characterized by a strong daytime population and a well-established residential area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Busch's Fresh Food ... Grocery & Convenience Store Great Lakes Coffee Cafe & Coffee Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Plymouth
    County
    Wayne
    State
    Michigan
    Longitude
    -83.482129
    Latitude
    42.395293

    Nearby Similar for Lease

    • $3,500/Mo
      1,900 SF

      Prime Professional Office Suite

      Versatile office suite near downtown Plymouth, suitable for various uses.
      496 W Ann Arbor Trail, Plymouth, MI 48170
      View Details
    • $36 SF/Yr
      168 SF

      Plymouth Office Space Available

      Flexible office solutions in established law firm setting, Plymouth, MI.
      217 Ann Arbor Road W, Plymouth, MI 48170
      View Details
    • $45 SF/Yr
      105 SF

      Plymouth Office Space Available

      Flexible office solutions in established law firm setting, Plymouth, MI.
      217 Ann Arbor Road W, Plymouth, MI 48170
      View Details
    • $18 SF/Yr
      1,539 SF

      Retail Space in Plymouth Center

      Retail space available in renovated Plymouth shopping center.
      245-277 N. Main Street, Plymouth, MI 48170
      View Details
    • $13 SF/Yr
      18,339 SF

      Plymouth Flex Space Available

      Modern flex space with natural light and build-to-suit options.
      45330-45550 Commerce Center Drive, Plymouth, MI, 48170
      View Details
    • $16 SF/Yr
      2,211 SF

      Plymouth Office Space Available

      Office suites with private entry near M-14/I-96 & I-275.
      9357 General Drive, Plymouth, MI
      View Details
    • $12 SF/Yr
      6,250 SF

      Flex Industrial Space For Lease

      6,250 SF flex industrial space available near I-96/I-275.
      44245-44303 Plymouth Oaks Blvd, Plymouth, MI 48170
      View Details
    • Contact for pricing
      15,000 SF

      Versatile Church Facility for Rent

      Shared-use church facility ideal for educational, childcare, or community organizations.
      46250 Ann Arbor Rd, Plymouth, MI, 48170
      View Details
    • $14 SF/Yr
      19,041 SF

      Industrial Space in Andover Business Park

      Industrial space available for sublease in Plymouth, Michigan.
      47059 Five Mile Rd, Plymouth, MI, 48170
      View Details
    • $2,440/Mo

      Office Space Near Henry Ford

      Office space for lease, near new hospital facility.
      9313 N HAGGERTY Rd 9333, PlymouthCharterTownship_Wayne, MI 48170
      View Details
    • Contact for pricing
      11,000 SF

      Plymouth Retail Space Available

      Retail space available for lease in Plymouth, Michigan.
      800 Ann Arbor Road, Plymouth, MI, 48170
      View Details
    • Contact for pricing

      Retail Space Inside Meijer Store

      Prime retail opportunity within high-traffic Meijer stores in the Midwest.
      48025 Five Mile Rd, Plymouth, MI 48170
      View Details

    FAQs

    What type of property is this?
    Retail property - Retail and restaurant spaces for lease in grocery store center.
    Where is this retail property located?
    The property is located at 15185 N Sheldon Rd Plymouth, MI.
    What are key features of this property?
    This property features: Dominant grocery store center location; Multiple points of ingress and egress for ease of access; Located 1/2 mile north of M‑14 Expressway
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brad Rosenberg
    Real Estate License ID: 6501204147
    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
    15185 N Sheldon Rd, Plymouth, MI 48170
    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!