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    FOR LEASE
    Community centers

    7200 Lewis Ave, Temperance, MI 48182

    15,000 SF 2.1 ac lot Built 1994
    Entity Owned 14-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-0948509
    7200 Lewis Ave, Temperance, MI 48182 For Lease
    $12 SF/Yr
    7200 Lewis Ave, Temperance, MI 48182
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    Property summary
    AI-generated overview

    This 15,000-square-foot retail shopping center, built in 1994, is ideally situated at 7200 Lewis Avenue in Temperance, Michigan, 48182. The property boasts a single-tenant occupancy with 1,000 square feet currently available. Its prime location, just 0.5 miles from the Ohio state line, draws customers from Temperance, Lambertville, Toledo, and throughout Monroe County. The area has seen significant residential growth over the past decade, with numerous new subdivisions, apartments, and homes adding to a strong customer base. The center benefits from a phenomenal tenant mix, including key traffic generators such as the Michigan Secretary of State and Miss Lori's Dance Express. Surrounded by middle-class residential neighborhoods, the property enjoys excellent demographics and median incomes. Within a one-mile radius, the population is 4,779 with a median income of $61,800. Expanding to a three-mile radius, the population increases to 39,565, and the median income is $51,554. High traffic counts on Lewis Avenue (14,900 vehicles per day) and nearby Stearns Road (12,200 vehicles per day) ensure excellent visibility and accessibility for businesses. This presents a unique opportunity for a retailer seeking a well-established location in a thriving community.

    Property profile
    Verified
    Property type Community centers
    Use group MINI-MALL
    Year built 1994
    Total area 15,000 SF
    Lot 2.1 ac (91,476 SF)
    APN 02-035-047-41
    UPID US43-0948509
    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
    • Boom Town Poker Room Nightclub Music Venue
    • Christian Etheridge - State Farm Insurance Agent Insurance Agency
    • Mancino's Pizza & Grinders Restaurant
    • Secretary of State office Department Of Motor Vehicles Driver'S License Office
    • Chicago Title Title Company
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Bedford Plaza LLC · 14 yrs held
    Bedford Plaza LLC
    since 2011
    3 recorded transactions
    2011
    2011
    $1
    2005
    $1.4M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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