Property profile

8260 23 Mile Rd Shelby Township, MI 48316

OFF-MARKET
Neighborhood centers
59,946 SF
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Property summary

AI-generated overview

Shelby Plaza Shopping Center, located at 8260 23 Mile Rd in Shelby Township, MI 48316, presents a compelling investment opportunity. This established retail center boasts a total of 59,946 square feet of leasable space, currently featuring a diverse mix of tenants including Planet Fitness, Advance Auto, and Subway. The center offers excellent visibility and accessibility from a high-traffic location within the heart of Shelby Township. Currently, there is 8,600 square feet of vacant space available, divisible into units as small as 2,000 square feet, with a maximum contiguous space of 6,600 square feet. This flexibility allows for a variety of tenant configurations, catering to both smaller businesses seeking a foothold and larger enterprises requiring more substantial space. The property's strategic location within a thriving commercial area ensures high foot traffic and strong visibility, making it an ideal location for businesses seeking to establish or expand their presence in the Shelby Township market. The existing tenant mix provides a strong foundation for future growth and stability, creating a desirable environment for new businesses to thrive. This is a rare opportunity to acquire a well-positioned retail property in a prime location with significant potential for increased revenue and return on investment. The available space presents a unique chance to capitalize on the existing success of the center and contribute to its continued growth.

Property profile

Verified
Property type Neighborhood centers
Total area 59,946 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8260 23 Mile Rd Shelby Township, MI 48316
Shelby Township metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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