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Park Place Shopping Center 22100-22140 Coolidge Hwy 5,740 SF of Retail Space Available in Oak Park, MI 48237
HIGHLIGHTS
- Strategically located at the intersection of 9 Mile (~15,000 VPD) and Coolidge Hwy (~25,000 VPD).
- Zoned MX-2, permitting a wide range of uses such as medical offices, financial institutions, hardware stores, and located within a vibrant area.
- Nestled amidst densely populated neighborhoods, this property is within a 5-mile radius of 384,501 residents.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 5,740 SF | Negotiable | $9.00 /SF/YR $0.75 /SF/MO $51,660 /YR $4,305 /MO | Triple Net (NNN) |
22100-22150 Coolidge Hwy - 1st Floor
5,740 SF of inline retail space available within building with two Anchor stores, Value World and Glory Supermarket. Great tenant mix. The site offers dual access points from both 9 Mile and Coolidge Hwy, providing seamless entry and exit for added convenience.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air Conditioning
- Great tenant mix.
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT PARK PLACE SHOPPING CENTER
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Citi Trends
- Unisex Apparel
- 697
- National
- Dollar General
- Dollar/Variety/Thrift
- 22,295
- International
- Glory Supermarket
- Retailer
- 2
- Local
- Lee Beauty Supply
- Health & Beauty Aids
- 4
- Local
- V.I.P. Wear
- Unisex Apparel
- 15
- Local
- Value World
- Retailer
- 1
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Citi Trends | Unisex Apparel | 697 | National |
| Dollar General | Dollar/Variety/Thrift | 22,295 | International |
| Glory Supermarket | Retailer | 2 | Local |
| Lee Beauty Supply | Health & Beauty Aids | 4 | Local |
| V.I.P. Wear | Unisex Apparel | 15 | Local |
| Value World | Retailer | 1 | National |
PROPERTY FACTS
| Total Space Available | 5,740 SF | Frontage | |
| Center Type | Neighborhood Center | Gross Leasable Area | 76,217 SF |
| Parking | 400 Spaces | Total Land Area | 4.09 AC |
| Stores | 10 | Year Built | 1968 |
| Center Properties | 1 |
| Total Space Available | 5,740 SF |
| Center Type | Neighborhood Center |
| Parking | 400 Spaces |
| Stores | 10 |
| Center Properties | 1 |
| Frontage | |
| Gross Leasable Area | 76,217 SF |
| Total Land Area | 4.09 AC |
| Year Built | 1968 |
ABOUT THE PROPERTY
Park Place Shopping Center at 22100-22150 Coolidge Highway in Oak Park, Michigan is Strategically located at the intersection of 9 Mile (~15,000 VPD) and Coolidge Hwy (~25,000 VPD) in Oak Park, offering great co-tenancy and access for maximum customer attraction. Nestled amidst densely populated neighborhoods, this property is within a 5-mile radius of 384,501 residents with an average household income exceeding $80,000 promising a lucrative customer base. Zoned MX-2, permitting a wide range of uses such as medical offices, financial institutions, hardware stores, and located within a vibrant area surrounded by retail, healthcare, and educational facilities. The site offers dual access points from both 9 Mile and Coolidge Hwy providing seamless entry and exit for added convenience. Nearby Retailers include CVS, Citi Trends, O'Reilly, Dollar General, AutoZone, and many more!
- Pylon Sign
NEARBY MAJOR RETAILERS
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Park Place Shopping Center | 22100-22140 Coolidge Hwy
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