8260 23 Mile Rd Shelby Township, MI 48316
- Neighborhood centers
- 59,946 SF
Current Use by Public Records
- Neighborhood centers
Property Details for 8260 23 Mile Rd
- Property size
- 59,946 SF
- Property type
- Neighborhood centers
- Property subtype
- Retail properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Shelby Township
- County
- Macomb
- State
- Michigan
- Longitude
- -83.0327
- Latitude
- 42.6691
