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    5296 Crooks Rd Troy, MI 48098

    For Lease
    $38 SF/Yr

    Prime Troy retail space, 1,539 sq ft available.

    Lot size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional retail opportunity is located at 5296-5322 Crooks Road, Troy, MI 48098, within the Shoppes of Troy. The space, totaling 1,539 square feet, is part of a larger 10,000 square foot multi-tenant building. Previously a fully built-out medical spa, this space offers modern amenities and a contemporary design, ready for immediate occupancy. Its high visibility from Crooks Road and convenient access to major thoroughfares ensure excellent exposure and accessibility for your business. The property boasts ample parking and meticulously maintained grounds, creating a professional and welcoming environment for clients and employees. This prime location in Troy, Michigan offers a unique blend of style and functionality, making it an ideal choice for businesses seeking a high-impact presence in a thriving community. The space is currently vacant and available for lease. The building features multiple tenants.

    Property Features for 5296 Crooks Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,000 SF
    Total Rate
    31666.67

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    1,539 SF
    Rate per SF
    $38

    HighLights

    • 10,000 SF retail building with 1,539 SF available for lease.
    • Fully built‑out medical spa space available.
    • High‑visibility location with ample parking in Troy, MI.
    • Easy access to major thoroughfares and well‑maintained grounds.
    • Prime location offering contemporary appeal.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    PT Solutions of North ... Physical Therapist Orthopedics On Demand Orthopedic Clinic

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1681686
    Latitude
    42.595541

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    FAQs

    What type of property is this?
    Retail property - Prime Troy retail space, 1,539 sq ft available.
    Where is this retail property located?
    The property is located at 5296 Crooks Rd Troy, MI.
    What is the lease rate?
    The lease rate is $38 SF/Yr.
    What are key features of this property?
    This property features: 10,000 SF retail building with 1,539 SF available for lease.; Fully built-out medical spa space available.; High-visibility location with ample parking in Troy, MI.
    Request Owner's contact information
    5296 Crooks Rd Troy, MI 48098
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    Troy, MI 48098
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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
    5296 Crooks Rd Troy, MI 48098
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