730 Penniman Avenue, Suite 100, is an 8,974-square-foot commercial condo space occupying the first floor of Parkside Place, a high-end residential condo building located in Plymouth, Michigan. The property is fully leased to an investment-grade credit tenant with a lease extension option. Situated at the corner of Penniman Avenue and South Union Street in the center of the affluent downtown market, Parkside Place offers unrivaled visibility and prominence in a destination location for the immediate and surrounding communities. The area boasts many local boutique restaurants and shops along with some national tenants including Starbucks, Citizens Bank, Jimmy John’s, and more. Adjacent to the property is a large Village-owned covered parking lot with ample adjacent on-street and surface lot municipal parking nearby for additional parking.
Plymouth highlights a compelling demographic profile within a five-mile radius of 730 Penniman Avenue. There are 185,657 residents, 101,439 daytime employees, and 9,220 businesses. The average household income is $116,295 and the total consumer spending exceeds $2.7 billion annually. The top three industries in the city are health care and social assistance, accommodation and food services, and manufacturing, employing approximately 61% of the labor force. Plymouth is a prime location for new investment, emphasizing a focus on economic development and sustainability for businesses and residents.
730 Penniman Avenue introduces an ideal opportunity for an investor to capitalize on a well-established asset in a growing market with a stable tenant demonstrating a strong commitment to the location.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Property listed by: Bill Harvey license #650212047