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For Sale

Shelby 23 Plaza

50840-50984 Shelby Road,
Shelby Township, MI 48316

Asset Snapshot

Power Center
Retail Subtype
1988
Year Built
4.04 Acres
Land Area
100%
Occupancy

Offering Summary

Investment Overview

Shelby 23 Plaza is a 26,800 SF multi-tenant retail center on 4.04 acres at the southeast corner of 23 Mile Rd and Shelby Rd in Shelby Township, Michigan. The center is 100% occupied by 10 tenants and anchored by Dollar Tree (11,000 SF), with a mix of restaurant, service and fitness tenants. In-place NOI is $331,584 based on the current rent roll.


Investment Highlights

  • Shelby 23 Plaza - Southeast Corner of 23 Mile Rd & Shelby Rd in Shelby Township, MI
  • 26,800 SF Multi-Tenant Retail Center - 100% Occupied by 10 Tenants
  • Anchored by Dollar Tree (11,000 SF) with Restaurant, Service and Fitness Tenants
  • 15,403 Vehicles Per Day on 23 Mile Rd
  • 64,300+ People and $114,500+ Average Household Income within 3 Miles

How it Works

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Listing Syndicated From

Buildout
Accepting Offers
$4,126,000
Asking Price

Investment Sales Broker

Zainab Abikhodr
Legacy Real Estate Advisors

Market Insights