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Property profile & analytics
FOR LEASE
Outlet malls

20600 E 13 Mile Rd Roseville, MI 48066

60,024 SF 5.22 ac lot Built 1995
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US43-0161311
Property summary
AI-generated overview

This exceptional single-story, Class B retail strip center, located at 20600 13 Mile Road in Roseville, Michigan, offers 60,024 square feet of retail space. The property boasts a prime location in Macomb County, with excellent visibility and accessibility. Currently, there are two suites available, ranging from 1,960 to 4,698 contiguous square feet. The entire vacant space totals 4,698 square feet, presenting a significant opportunity for a single tenant or multiple smaller businesses. The center is zoned B2 - Community Business, allowing for a variety of retail uses. Ample parking is provided with 241 spaces for customer convenience. The property benefits from its strategic location near major retailers such as Abc Warehouse, Ollie's Bargain Outlet, PetSmart, and Home Depot, ensuring high foot traffic and strong brand recognition. The property's parcel number is 08-14-09-226-014. This is an excellent opportunity for businesses seeking high-visibility retail space in a thriving commercial area. The property is situated in Roseville, MI, zip code 48066.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1995
Total area 60,024 SF
Lot 5.22 ac (227,253 SF)
Zoning code B-2
APN 08-14-09-226-014
UPID US43-0161311
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Ollie's Bargain Outlet Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.84M
Blend (final) Blend
$3.84M
Owner & transaction history
Roseville Tov LLC · 4 yrs held
Roseville Tov LLC
since 2022
4 recorded transactions
2022
Price N/A
2017
$2.0M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
B-2 · Roseville, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $6.3M +57.4%
Auto repair, garage $5.2M +29.0%
Warehouse, storage $4.1M +1.2%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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