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    31240 Groesbeck Hwy Fraser, MI 48026

    Sponsored
    For Lease
    Contact for pricing

    Macomb County retail space for lease.

    Lot size:
    11,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 11,000 square foot shopping center in Macomb County presents a prime retail leasing opportunity. Currently under new ownership and management, the center has recently undergone renovations, ensuring a modern and attractive space for tenants. Three spaces are available, ranging from a minimum of 2,000 square feet to a maximum contiguous space of 7,000 square feet. The entire 11,000 square feet is currently vacant, offering a unique chance for a single large tenant or multiple smaller businesses. Strategically located at the intersection of 13 Mile Road, Groesbeck Avenue, and Utica Road, the center benefits from high visibility and exceptional traffic counts. Groesbeck Avenue sees over 28,000 vehicles per day, providing significant exposure to potential customers. Multiple points of ingress and egress ensure easy access for both shoppers and employees. A large pylon sign is available for tenant branding. The center's location, one mile west of the Macomb Mall corridor along Gratiot Avenue, places it within a thriving retail area. This makes it ideal for a variety of businesses, including daily-needs retailers, service providers, restaurants, and medical practices. The Oakridge Grocery anchors the center, providing a strong draw for shoppers. Don't miss this chance to secure a prominent retail space in a high-traffic location within a revitalized shopping center.

    Property Features for 31240 Groesbeck Hwy

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,000 SF

    Unit(s) available at that property

    Space
    Suite 31310
    Size
    2,000 SF
    Space
    Suite 31280
    Size
    7,000 SF
    Space
    Suite 31330
    Size
    4,000 SF

    HighLights

    • 11,000 SF retail shopping center in Macomb County with multiple tenancies available for lease.
    • Three spaces available, ranging from 2,000 to 7,000 contiguous square feet; 13,000 SF currently vacant.
    • Recently renovated, anchored by Oakridge Grocery, and under new ownership and management.
    • High‑traffic location at the intersection of 13 Mile Road, Groesbeck Avenue, and Utica Road, one mile west of the Macomb Mall.
    • Over 28,000 vehicles per day (VPD) on Groesbeck Avenue, with excellent ingress/egress and a large pylon sign.
    • Ideal for daily‑needs retailers, service businesses, restaurants, and medical uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Coinstar Money Transfer Service Huntington Bank Bank Oakridge Supermarket Grocery Store Huntington Bank - ATM ... Atm Family Dollar Dollar Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Fraser
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9434953
    Latitude
    42.5264987

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    FAQs

    What type of property is this?
    Lifestyle center - Macomb County retail space for lease.
    Where is this lifestyle center located?
    The property is located at 31240 Groesbeck Hwy Fraser, MI.
    What are key features of this property?
    This property features: 11,000 SF retail shopping center in Macomb County with multiple tenancies available for lease.; Three spaces available, ranging from 2,000 to 7,000 contiguous square feet; 13,000 SF currently vacant.; Recently renovated, anchored by Oakridge Grocery, and under new ownership and management.
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    31240 Groesbeck Hwy Fraser, MI 48026
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    Realmo Value Estimation

    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.

    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.

    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
    31240 Groesbeck Hwy Fraser, MI 48026
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