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    360 Lilley Rd Canton, MI 48188

    Sponsored
    For Lease
    $24 SF/Yr ($14,100 /Mo)

    High-visibility retail space, 11 acres, fully vacant.

    Lot size:
    7,050 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 7,050 square foot retail property, located at 360 S Lilley Rd in Canton, Michigan, presents a unique investment opportunity. Situated on an expansive 11.03-acre lot in Wayne County, this neighborhood center offers significant potential for a variety of retail uses. Currently, the entire 7,050 square feet is available for lease, providing a blank canvas for a single tenant or the opportunity to create a multi-tenant retail center. The property's prime location in Canton offers excellent visibility and accessibility, ensuring high traffic flow and exposure to a substantial customer base. The "special purpose" subtype designation suggests flexibility in potential uses, subject to local zoning regulations. This property is ideal for businesses seeking a large, highly visible space in a thriving community. The ample lot size provides ample parking and potential for future expansion. With its strategic location and substantial square footage, this retail space represents a compelling opportunity for businesses looking to establish a strong presence in the Canton market. Interested parties are encouraged to conduct their own due diligence regarding zoning and permitted uses. The property is ready for immediate occupancy.

    Property Features for 360 Lilley Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,050 SF
    Total Rate
    14100

    Unit(s) available at that property

    Space
    Available space
    Size
    7,050 SF
    Rate per SF
    $24

    HighLights

    • Former Hallmark store space available for lease.
    • High‑performing grocery store anchors the center.
    • Strong demographics: 200,000+ people within a 5‑mile radius.
    • Space is divisible to suit tenant needs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Wayne
    State
    Michigan
    Longitude
    -83.457967
    Latitude
    42.308112

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    FAQs

    What type of property is this?
    Neighborhood center - High-visibility retail space, 11 acres, fully vacant.
    Where is this neighborhood center located?
    The property is located at 360 Lilley Rd Canton, MI.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Former Hallmark store space available for lease.; High-performing grocery store anchors the center.; Strong demographics: 200,000+ people within a 5-mile radius.
    Request Owner's contact information
    360 Lilley Rd Canton, MI 48188
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    Canton, MI 48188
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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
    360 Lilley Rd Canton, MI 48188
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