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For Sale

Scottwood Plaza

22341-22391 Ecorse Road
Taylor, Michigan 48180
For Sale

Scottwood Plaza

22341-22391 Ecorse Road
Taylor, Michigan 48180

- Property Information

eCODE 917
County: Wayne
Property Type: Investment Sale, Retail
Total Building SF: ± 28,900 SF
Occupancy Rate: 100%
Sale Price: TBD by the Market

- Property Details

Year Built: 1955
Year Renovated: 1990
# Acres: 3.28
Zoning: B-2
Parking Type: Surface
# Spaces: 140
Parking Ratio: 4.67

- Additional Information

  • Well maintained 28,900 SF retail strip center currently separated into 7 units ranging between 1,200 SF and 10,500 SF
  • In-Place NOI = $210,600 / Year 3 Projected NOI = $259,500
  • Below market rent leases with exceptionally strong value-add/upside potential
  • Complementary longstanding tenant mix in a frequently visited neighborhood center
  • Large lot size (3.28 acres) with 140+ free surface parking spaces
  • Located in a Class A retail corridor with a strong mix of local and national tenants; close proximity to both Telegraph Road and Interstate 94
  • Daytime employees within 5-miles exceed 108,000
  • Average HH income levels surpass $61,000 per year within 3 miles of the subject property
  • Asking Price: TBD by the market

 

- For more information, contact:

Steven Silverman

Alan Stern

248.324.2000 Request a call