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42815-42865 5 Mile Rd 5,604 SF 100% Leased Retail Building Plymouth, MI 48170 $899,900 ($160.58/SF) 6.67% Cap Rate
EXECUTIVE SUMMARY
Fully Leased Retail Plaza – Prime Plymouth Corner Location! Fantastic investment opportunity in a high-traffic area of Plymouth, MI! This 5,600 sq. ft. retail plaza sits on a prominent corner lot, offering maximum visibility and dual access from both Schoolcraft and 5 Mile Rd. The property is fully leased with six long-term tenants, providing stable income and a proven rental history. Located across from scenic Phoenix Lake, the plaza benefits from excellent exposure, steady traffic flow, and easy access to M-14 and I-96, making it convenient for customers and tenants alike. Featuring modern storefronts, ample parking, and strong signage presence, this is a turnkey investment in one of Plymouth’s most desirable commercial areas. Highlights: 5,600 sq. ft. retail plaza, Fully leased with six established tenants, Across from Phoenix Lake, Easy access to M-14 & I-96, Excellent visibility & signage, Strong income & tenant history.
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,604 SF
Building Class
C
Year Built
1988
Price
$899,900
Price Per SF
$160.58
Cap Rate
6.67%
NOI
$60,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
1.00 AC
Zoning
C - Commercial
Parking
32 Spaces (5.71 Spaces per 1,000 SF Leased)
Frontage
164’ on 5 Mile Rd
AMENITIES
- Pylon Sign
NEARBY MAJOR RETAILERS
CONTACT
-
Mac Laforest - Pinnacle Plus Realty LLC
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Pinnacle Plus Realty LLC
42815-42865 5 Mile Rd
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