Historical Retail Sale Listing - Eastlake Commons

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Eastlake Commons

SWC Hall Road and Hayes Road, Sterling Heights, MI

N/A

99,155 SF | Retail

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Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
99,155 SF
Property Type:
Retail
Property Sub-type:
Neighborhood Center
Property Use Type:
Investment
Occupancy:
100%
Tenancy:
Multiple
Year Built:
1988
Lot Size:
10.02 AC
Listing ID
104321
Last Updated
over 1 year ago

Highlights

  • The adjacent Lakeside Mall provides a regional draw to Eastlake Commons
  • Based on 1998 sales, Eastlake Commons' tenants enjoyed an outstanding health ratio of under 5.4% illustrating the ability to grow rents upon lease exp
  • Institutionally owned and maintained, and has outstanding curb appeal with a distinctive, but timeless design and extensive landscaping
  • Average traffic count of 64,275 cars per day

Description

Eastlake Commons is a 99,155 sf grocery anchored shopping center. The center consists of two main buildings forming an "L-shaped" configuration, plus the recently completed Hollywood Video building, which is a freestanding structure located at the northeast corner of the site. Eastlake Commons is anchored by Farmer Jack supermarket and Arbor Drug.

Eastlake Commons is located at the southwest corner of Hall Rd. and Hayes Rd. Hall Rd. is a major 8-lane east and west commercial artery in Detroit's northern suburbs. Hayes Rd. is a 4-lane artery servicing the densely populated residential areas to the south as well as the exploding residential area to the north. In total, Hall and Hayes Rd. carry over 94,000 cars past the site each day.

Map of Sterling Heights, MI, - exact location not found

Research for SWC Hall Road and Hayes Road, Sterling Heights, MI