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506 W 14 Mile Rd
Troy, MI 48083
Oakland Mall Outlot · Retail Property For Sale

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INVESTMENT HIGHLIGHTS

  • Diverse Tenant Mix brings a constant flow of traffic to the center
  • Land Contract Terms Available
  • Easy access to all major freeways via I-75

EXECUTIVE SUMMARY

73% Occupied, making this ideal for both an owner/user, or investor looking to add value

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,154 SF
Building Class
C
Year Built/Renovated
1972/2016
Price
$3,200,000
Price Per SF
$211.17
Cap Rate
7.22%
NOI
$231,034
Percent Leased
73%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.97
Lot Size
0.36 AC
Zoning
BI - Business
Parking
84 Spaces (5.54 Spaces per 1,000 SF Leased)
Frontage
265’ on 14 Mile Rd

AMENITIES

  • Pylon Sign
  • Signage
  • Air Conditioning
  • Listing ID: 37691411

  • Date on Market: 9/16/2025

  • Last Updated:

  • Address: 506 W 14 Mile Rd, Troy, MI 48083

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