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Flex Space with Office Area
For Lease
$14,280/Mo

980 Chicago Rd, Troy, MI 48083

Industrial flex space combines warehouse functionality with a substantial built-out office component.

Space SizeContact for details
Days on Market75

Property Features for 980 Chicago Rd

General Information

Standard status Active
Property subtype Industrial
Listing Agency: Detroit
Listed By: Ryan Brittain · License #6501365195
Source: Colliers
Added: Jun 19 Changed: Aug 31 Last Checked: Aug 31 at 12:44PM

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 Detroit

Investment Insights

Based on property information with market context.

This flex property offers 14,280 square feet on approximately 1.09 acres, with the current layout configured as roughly 50% office space. The existing office area is part of the as-built configuration, while the plan allows for a smaller 2,300-square-foot box-on-box office arrangement.

Located at 980 Chicago Rd in Troy, Michigan, the property is offered for lease and combines industrial and office components within one facility.

Key Highlights

  • 14,280 SF flex property
  • Approximately 1.09 acres
  • Current configuration includes roughly 50% office space

Property Analytics

Current Use

Intellicosting, LCC Engineering Consultant ISC Services Hardware & Home Improvement

Suggested Use

Top Pick Storage Facility Dental Office Parking Lot & Garage Grocery & Convenience Store Garden Center Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,083
Businesses Nearby
Balanced
Demand for This Use

Demographics for 48083, MI

24,074
Population
10,437
Households
2.3
Avg Household Size
41
Median Age
53%
College-Educated
91%
High-School Grad
8.6 sq mi
ZIP Area
2,799
Density / Sq Mi
$88,551
Median Household Income
$53,204
Median Earnings
$1,277
Median Rent
$293,300
Median Home Value

Market

Lease Benchmarks for Troy, MI

$12.78 /SF/Yr
Avg Asking Price
$8.95–$16.95 /SF/Yr
Price Range
19,586 SF
Avg Space Size

This space is priced 6% below the average of $12.78 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?
Flex space - Industrial flex space combines warehouse functionality with a substantial built-out office component.
Where is this flex space located?
The property is located at 980 Chicago Rd Troy, MI.
What is the lease rate?
The lease rate is $14,280/Mo.
What are key features of this property?
This property features: 14,280 SF flex property; Approximately 1.09 acres; Current configuration includes roughly 50% office space
More about this property
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