Neighborhood Shopping Center with Anchor
For Sale
Contact for pricing
931-981 W Huron St, Waterford, MI 48328
Multi-tenant retail center with established occupancy, service-oriented tenants, and prominent exposure near a major commercial intersection.
Property Size26,903 SF
Price / SF$89.11
Days on Market147
Property Features for 931-981 W Huron St
General Information
Standard status
Active
Size
26,903 SF
Property subtype
Retail
Occupancy
90%
Lease Type
NNN
Net Operating Income
$184,749
Building Details
Year Built
1972
Buildings
1
Stories
1
Units
15
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Detroit
Listed By:
Ashish Vakhariya · License #MI 6501322501
Source:
Crexi
Added: Apr 7
Changed: Aug 30
Last Checked: Aug 30 at 4:17PM
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 Marcus & Millichap - Detroit
Investment Insights
Based on property information with market context.
Colony Square is a 26,903-square-foot neighborhood shopping center on a 2.35-acre parcel at 931-981 W Huron St in Waterford Township. Constructed in 1972, the property contains multiple retail suites and serves a tenant mix spanning retail, services, restaurants, education, and community uses. Joe’s Army Navy occupies 9,840 square feet under a triple-net lease and has operated at the center for more than 30 years. Overall occupancy is 90.34 percent, with three suites available for lease-up.
The center is positioned near South Telegraph Road and West Huron Street, where combined traffic is approximately 43,550 vehicles per day. The surrounding trade area includes national retailers such as Meijer, Kroger, The Home Depot, Target, and Costco. Within three miles, the property reaches more than 123,000 residents; the five-mile population exceeds 330,000. Nearby Oakland University, Oakland Community College campuses, hospitals, regional destinations, and Oakland County International Airport add employment, institutional, and daily activity to the broader area.
The center is positioned near South Telegraph Road and West Huron Street, where combined traffic is approximately 43,550 vehicles per day. The surrounding trade area includes national retailers such as Meijer, Kroger, The Home Depot, Target, and Costco. Within three miles, the property reaches more than 123,000 residents; the five-mile population exceeds 330,000. Nearby Oakland University, Oakland Community College campuses, hospitals, regional destinations, and Oakland County International Airport add employment, institutional, and daily activity to the broader area.
Key Highlights
- 26,903‑square‑foot multi‑tenant neighborhood retail center on a 2.35‑acre parcel
- 90.34 percent occupied with three suites available for immediate lease‑up
- 9,840‑square‑foot Joe’s Army Navy anchor under a triple‑net lease
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
635
Businesses Nearby
59k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 36%
Apparel 3%
Electronics 2%
Taco Bell
Dining
9,768 visits/mo
0.2 miles
Dollar Tree
Shops & Services
8,238 visits/mo
0.5 miles
BP
Shops & Services
7,937 visits/mo
0.3 miles
Arby's
Dining
7,157 visits/mo
0.1 miles
BP
Shops & Services
6,290 visits/mo
0.4 miles
Demographics for 48328, MI
24,178
Population
11,938
Households
2
Avg Household Size
43
Median Age
27%
College-Educated
93%
High-School Grad
8.9 sq mi
ZIP Area
2,717
Density / Sq Mi
$69,788
Median Household Income
$42,084
Median Earnings
$1,041
Median Rent
$210,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Colony Square — Waterford Twp, MI 48328
- Oakland Pointe Shopping Center — Telegraph Rd, Pontiac, MI 48341
Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant retail center with established occupancy, service-oriented tenants, and prominent exposure near a major commercial intersection.
Where is this shopping center located?
The property is located at 931-981 W Huron St Waterford, MI.
What is the asking price?
The asking price for this property is $2,397,333.
What are key features of this property?
This property features: 26,903‑square‑foot multi‑tenant neighborhood retail center on a 2.35‑acre parcel; 90.34 percent occupied with three suites available for immediate lease‑up; 9,840‑square‑foot Joe’s Army Navy anchor under a triple‑net lease
