Redford Oaks Shopping Center To Be...

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HARRY COHN & MARCEL PEARL 248-851-5000 6230 Orchard Lake Road, Suite 110, West Bloomfield, MI 48322 Redford Oaks Shopping Center To Be Transformed! This 157,000 Sq. Ft. Retail Center was recently purchased and plans for renovations are already underway. 25379-25495 Grand River Avenue, Redford, MI 48240 FEATURES: 1,50030,000 Square Foot Units Available Renovaons include: new Facade, new Signage and resurfacing parking lot Across from Botsford/Beaumont Hospital This centrally located shopping center services a broad range of shoppers from Redford, Livonia, Farmington, Detroit & Dearborn 533 Parking spaces Join several naonal tenants who had long-term success at this lo- caon: Ace Hardware, Rainbow Apparel, Kids For Less, Rent-A- Center, H&R Block, Ashley Stewart, Sherwin Williams and more! DEMOGRAPHICS: 1 MILE 3 MILE 5 MILE POPULATION 16,662 98,665 262,932 HOUSEHOLD INCOME $51,034 $55,195 $61,746 *Data collected from 2010 Census. Informaon obtained are from reliable industry sources and deemed accurate, but not guaranteed. CURRENT TENANTS BEFORE AFTER

Transcript of Redford Oaks Shopping Center To Be...

Page 1: Redford Oaks Shopping Center To Be Transformed!images2.loopnet.com/d2/436zz_N62b-J_b98h4pWma7XmSoLp6Bk7aR_qAerJt0/document.pdfRedford Oaks Shopping Center To Be Transformed! This 157,000

HARRY COHN & MARCEL PEARL

248-851-5000

6230 Orchard Lake Road, Suite 110, West Bloomfield, MI 48322

Redford Oaks Shopping Center

To Be Transformed!

This 157,000 Sq. Ft. Retail Center was recently purchased and

plans for renovations are already underway.

25379-25495 Grand River Avenue, Redford, MI 48240

FEATURES:

• 1,500—30,000 Square Foot Units Available • Renovations include: new Facade, new Signage and resurfacing

parking lot • Across from Botsford/Beaumont Hospital • This centrally located shopping center services a broad range of

shoppers from Redford, Livonia, Farmington, Detroit & Dearborn • 533 Parking spaces • Join several national tenants who had long-term success at this lo-

cation: Ace Hardware, Rainbow Apparel, Kids For Less, Rent-A-Center, H&R Block, Ashley Stewart, Sherwin Williams and more!

DEMOGRAPHICS: 1 MILE 3 MILE 5 MILE

POPULATION 16,662 98,665 262,932

HOUSEHOLD INCOME $51,034 $55,195 $61,746

*Data collected from 2010 Census. Information obtained are from reliable industry sources and deemed accurate, but not guaranteed.

CURRENT TENANTS

BEFORE

AFTER

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RENDERINGS

HARRY COHN & MARCEL PEARL

248-851-5000

6230 Orchard Lake Road, Suite 110, West Bloomfield, MI 48322

Page 3: Redford Oaks Shopping Center To Be Transformed!images2.loopnet.com/d2/436zz_N62b-J_b98h4pWma7XmSoLp6Bk7aR_qAerJt0/document.pdfRedford Oaks Shopping Center To Be Transformed! This 157,000

PHOTOS

HARRY COHN & MARCEL PEARL

248-851-5000

6230 Orchard Lake Road, Suite 110, West Bloomfield, MI 48322

Page 4: Redford Oaks Shopping Center To Be Transformed!images2.loopnet.com/d2/436zz_N62b-J_b98h4pWma7XmSoLp6Bk7aR_qAerJt0/document.pdfRedford Oaks Shopping Center To Be Transformed! This 157,000

LEASE PLAN

HARRY COHN & MARCEL PEARL

248-851-5000

6230 Orchard Lake Road, Suite 110, West Bloomfield, MI 48322

Page 5: Redford Oaks Shopping Center To Be Transformed!images2.loopnet.com/d2/436zz_N62b-J_b98h4pWma7XmSoLp6Bk7aR_qAerJt0/document.pdfRedford Oaks Shopping Center To Be Transformed! This 157,000

HARRY COHN & MARCEL PEARL

248-851-5000

6230 Orchard Lake Road, Suite 110, West Bloomfield, MI 48322

Page 6: Redford Oaks Shopping Center To Be Transformed!images2.loopnet.com/d2/436zz_N62b-J_b98h4pWma7XmSoLp6Bk7aR_qAerJt0/document.pdfRedford Oaks Shopping Center To Be Transformed! This 157,000

LOCATION AERIAL

HARRY COHN & MARCEL PEARL

248-851-5000

6230 Orchard Lake Road, Suite 110, West Bloomfield, MI 48322

Page 7: Redford Oaks Shopping Center To Be Transformed!images2.loopnet.com/d2/436zz_N62b-J_b98h4pWma7XmSoLp6Bk7aR_qAerJt0/document.pdfRedford Oaks Shopping Center To Be Transformed! This 157,000

Demographic Source: Applied Geographic Solutions 10/2016, TIGER Geography page 1 of 9©2017, Sites USA, Chandler, Arizona, 480-491-1112

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COMPLETE PROFILE2000-2010 Census, 2016 Estimates with 2021 Projections

Calculated using Weighted Block Centroid from Block Groups

Cohn Commercial Properties, Inc.

Lat/Lon: 42.4297/-83.2925RFULL9

25379 Grand River Ave1 mi radius 3 mi radius 5 mi radius

Redford Charter Twp, MI 48240

Population

Estimated Population (2016) 16,766 98,100 264,128

Projected Population (2021) 16,345 97,376 262,209

Census Population (2010) 17,557 101,396 273,673

Census Population (2000) 19,423 118,364 314,356

Projected Annual Growth (2016-2021) -421 -0.5% -724 -0.1% -1,919 -0.1%

Historical Annual Growth (2010-2016) -791 -0.8% -3,296 -0.5% -9,545 -0.6%

Historical Annual Growth (2000-2010) -1,866 -1.0% -16,968 -1.4% -40,684 -1.3%

Estimated Population Density (2016) 5,339 psm 3,471 psm 3,364 psm

Trade Area Size 3.1 sq mi 28.3 sq mi 78.5 sq mi

Households

Estimated Households (2016) 7,044 40,955 111,316

Projected Households (2021) 7,095 41,869 113,826

Census Households (2010) 7,086 40,735 110,659

Census Households (2000) 7,785 45,622 121,113

Projected Annual Growth (2016-2021) 51 0.1% 914 0.4% 2,509 0.5%

Historical Annual Change (2000-2016) -741 -0.6% -4,668 -0.6% -9,797 -0.5%

Average Household Income

Estimated Average Household Income (2016) $49,677 $54,888 $61,659

Projected Average Household Income (2021) $54,655 $61,785 $70,389

Census Average Household Income (2010) $45,308 $50,701 $55,889

Census Average Household Income (2000) $48,409 $52,721 $57,873

Projected Annual Change (2016-2021) $4,979 2.0% $6,898 2.5% $8,731 2.8%

Historical Annual Change (2000-2016) $1,268 0.2% $2,167 0.3% $3,785 0.4%

Median Household Income

Estimated Median Household Income (2016) $40,616 $45,219 $50,635

Projected Median Household Income (2021) $44,378 $49,449 $55,578

Census Median Household Income (2010) $39,494 $43,994 $47,566

Census Median Household Income (2000) $42,773 $45,058 $49,260

Projected Annual Change (2016-2021) $3,762 1.9% $4,230 1.9% $4,943 2.0%

Historical Annual Change (2000-2016) -$2,157 -0.3% $161 - $1,375 0.2%

Per Capita Income

Estimated Per Capita Income (2016) $20,947 $23,018 $26,077

Projected Per Capita Income (2021) $23,803 $26,670 $30,648

Census Per Capita Income (2010) $18,286 $20,369 $22,599

Census Per Capita Income (2000) $19,276 $20,311 $22,271

Projected Annual Change (2016-2021) $2,857 2.7% $3,652 3.2% $4,571 3.5%

Historical Annual Change (2000-2016) $1,670 0.5% $2,707 0.8% $3,806 1.1%

Estimated Average Household Net Worth (2016) $220,285 $307,374 $362,868

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Demographic Source: Applied Geographic Solutions 10/2016, TIGER Geography page 2 of 9©2017, Sites USA, Chandler, Arizona, 480-491-1112

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COMPLETE PROFILE2000-2010 Census, 2016 Estimates with 2021 Projections

Calculated using Weighted Block Centroid from Block Groups

Cohn Commercial Properties, Inc.

Lat/Lon: 42.4297/-83.2925RFULL9

25379 Grand River Ave1 mi radius 3 mi radius 5 mi radius

Redford Charter Twp, MI 48240

Race and Ethnicity

Total Population (2016) 16,766 98,100 264,128

White (2016) 8,826 52.6% 44,462 45.3% 111,864 42.4%

Black or African American (2016) 6,992 41.7% 48,346 49.3% 137,769 52.2%

American Indian or Alaska Native (2016) 86 0.5% 349 0.4% 794 0.3%

Asian (2016) 272 1.6% 1,876 1.9% 5,937 2.2%

Hawaiian or Pacific Islander (2016) 3 - 21 - 41 -

Other Race (2016) 89 0.5% 559 0.6% 1,464 0.6%

Two or More Races (2016) 498 3.0% 2,488 2.5% 6,260 2.4%

Population < 18 (2016) 3,911 23.3% 21,651 22.1% 56,155 21.3%

White Not Hispanic 1,486 38.0% 7,415 34.2% 18,212 32.4%

Black or African American 1,980 50.6% 11,923 55.1% 32,175 57.3%

Asian 52 1.3% 404 1.9% 1,278 2.3%

Other Race Not Hispanic 231 5.9% 1,074 5.0% 2,513 4.5%

Hispanic 162 4.1% 836 3.9% 1,977 3.5%

Not Hispanic or Latino Population (2016) 16,266 97.0% 95,475 97.3% 257,614 97.5%

Not Hispanic White 8,546 52.5% 43,026 45.1% 108,422 42.1%

Not Hispanic Black or African American 6,924 42.6% 47,966 50.2% 136,787 53.1%

Not Hispanic American Indian or Alaska Native 83 0.5% 326 0.3% 712 0.3%

Not Hispanic Asian 270 1.7% 1,854 1.9% 5,867 2.3%

Not Hispanic Hawaiian or Pacific Islander 3 - 16 - 36 -

Not Hispanic Other Race 12 0.1% 103 0.1% 321 0.1%

Not Hispanic Two or More Races 429 2.6% 2,184 2.3% 5,468 2.1%

Hispanic or Latino Population (2016) 500 3.0% 2,625 2.7% 6,514 2.5%

Hispanic White 280 56.0% 1,435 54.7% 3,442 52.8%

Hispanic Black or African American 69 13.8% 379 14.4% 983 15.1%

Hispanic American Indian or Alaska Native 3 0.6% 23 0.9% 81 1.2%

Hispanic Asian 2 0.4% 22 0.9% 70 1.1%

Hispanic Hawaiian or Pacific Islander - - 4 0.2% 5 0.1%

Hispanic Other Race 77 15.4% 457 17.4% 1,142 17.5%

Hispanic Two or More Races 69 13.8% 304 11.6% 791 12.1%

Not Hispanic or Latino Population (2010) 17,152 97.7% 99,353 98.0% 268,769 98.2%

Hispanic or Latino Population (2010) 405 2.3% 2,043 2.0% 4,903 1.8%

Not Hispanic or Latino Population (2000) 19,059 98.1% 116,533 98.5% 310,086 98.6%

Hispanic or Latino Population (2000) 364 1.9% 1,831 1.5% 4,271 1.4%

Not Hispanic or Latino Population (2021) 15,751 96.4% 94,195 96.7% 254,232 97.0%

Hispanic or Latino Population (2021) 594 3.6% 3,181 3.3% 7,977 3.0%

Projected Annual Growth (2016-2021) 94 3.8% 556 4.2% 1,463 4.5%

Historical Annual Growth (2000-2010) 41 1.1% 212 1.2% 632 1.5%

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Demographic Source: Applied Geographic Solutions 10/2016, TIGER Geography page 3 of 9©2017, Sites USA, Chandler, Arizona, 480-491-1112

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COMPLETE PROFILE2000-2010 Census, 2016 Estimates with 2021 Projections

Calculated using Weighted Block Centroid from Block Groups

Cohn Commercial Properties, Inc.

Lat/Lon: 42.4297/-83.2925RFULL9

25379 Grand River Ave1 mi radius 3 mi radius 5 mi radius

Redford Charter Twp, MI 48240

Total Age Distribution (2016)Total Population 16,766 98,100 264,128

Age Under 5 Years 1,148 6.8% 6,144 6.3% 15,382 5.8%

Age 5 to 9 Years 1,068 6.4% 5,837 6.0% 15,108 5.7%

Age 10 to 14 Years 1,087 6.5% 6,012 6.1% 15,768 6.0%

Age 15 to 19 Years 1,024 6.1% 6,057 6.2% 16,385 6.2%

Age 20 to 24 Years 1,141 6.8% 6,818 7.0% 17,794 6.7%

Age 25 to 29 Years 1,324 7.9% 6,879 7.0% 17,642 6.7%

Age 30 to 34 Years 1,257 7.5% 6,462 6.6% 16,119 6.1%

Age 35 to 39 Years 1,152 6.9% 5,864 6.0% 15,121 5.7%

Age 40 to 44 Years 1,057 6.3% 6,298 6.4% 16,357 6.2%

Age 45 to 49 Years 1,126 6.7% 6,598 6.7% 17,344 6.6%

Age 50 to 54 Years 1,125 6.7% 7,093 7.2% 18,988 7.2%

Age 55 to 59 Years 1,078 6.4% 7,196 7.3% 20,097 7.6%

Age 60 to 64 Years 924 5.5% 6,315 6.4% 18,232 6.9%

Age 65 to 69 Years 700 4.2% 5,105 5.2% 14,635 5.5%

Age 70 to 74 Years 496 3.0% 3,368 3.4% 10,028 3.8%

Age 75 to 79 Years 329 2.0% 2,216 2.3% 6,730 2.5%

Age 80 to 84 Years 303 1.8% 1,743 1.8% 5,235 2.0%

Age 85 Years or Over 427 2.5% 2,095 2.1% 7,162 2.7%

Median Age 35.9 38.4 40.1

Age 19 Years or Less 4,326 25.8% 24,050 24.5% 62,643 23.7%

Age 20 to 64 Years 10,184 60.7% 59,523 60.7% 157,695 59.7%

Age 65 Years or Over 2,255 13.5% 14,527 14.8% 43,790 16.6%

Female Age Distribution (2016)Female Population 8,739 52.1% 51,444 52.4% 140,581 53.2%

Age Under 5 Years 553 6.3% 3,050 5.9% 7,684 5.5%

Age 5 to 9 Years 526 6.0% 2,830 5.5% 7,460 5.3%

Age 10 to 14 Years 531 6.1% 2,872 5.6% 7,624 5.4%

Age 15 to 19 Years 489 5.6% 2,948 5.7% 7,953 5.7%

Age 20 to 24 Years 562 6.4% 3,372 6.6% 8,848 6.3%

Age 25 to 29 Years 707 8.1% 3,572 6.9% 9,262 6.6%

Age 30 to 34 Years 645 7.4% 3,344 6.5% 8,465 6.0%

Age 35 to 39 Years 575 6.6% 3,039 5.9% 8,014 5.7%

Age 40 to 44 Years 544 6.2% 3,375 6.6% 8,788 6.3%

Age 45 to 49 Years 590 6.8% 3,505 6.8% 9,425 6.7%

Age 50 to 54 Years 566 6.5% 3,722 7.2% 10,211 7.3%

Age 55 to 59 Years 547 6.3% 3,835 7.5% 10,951 7.8%

Age 60 to 64 Years 513 5.9% 3,404 6.6% 9,885 7.0%

Age 65 to 69 Years 389 4.4% 2,841 5.5% 8,080 5.7%

Age 70 to 74 Years 296 3.4% 1,928 3.7% 5,707 4.1%

Age 75 to 79 Years 202 2.3% 1,300 2.5% 4,029 2.9%

Age 80 to 84 Years 196 2.2% 1,100 2.1% 3,303 2.3%

Age 85 Years or Over 307 3.5% 1,408 2.7% 4,891 3.5%

Female Median Age 37.9 40.2 42.0

Age 19 Years or Less 2,099 24.0% 11,699 22.7% 30,721 21.9%

Age 20 to 64 Years 5,250 60.1% 31,167 60.6% 83,849 59.6%

Age 65 Years or Over 1,390 15.9% 8,577 16.7% 26,010 18.5%

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Demographic Source: Applied Geographic Solutions 10/2016, TIGER Geography page 4 of 9©2017, Sites USA, Chandler, Arizona, 480-491-1112

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COMPLETE PROFILE2000-2010 Census, 2016 Estimates with 2021 Projections

Calculated using Weighted Block Centroid from Block Groups

Cohn Commercial Properties, Inc.

Lat/Lon: 42.4297/-83.2925RFULL9

25379 Grand River Ave1 mi radius 3 mi radius 5 mi radius

Redford Charter Twp, MI 48240

Male Age Distribution (2016)Male Population 8,027 47.9% 46,656 47.6% 123,547 46.8%

Age Under 5 Years 595 7.4% 3,094 6.6% 7,697 6.2%

Age 5 to 9 Years 542 6.8% 3,007 6.4% 7,648 6.2%

Age 10 to 14 Years 555 6.9% 3,139 6.7% 8,144 6.6%

Age 15 to 19 Years 534 6.7% 3,110 6.7% 8,432 6.8%

Age 20 to 24 Years 580 7.2% 3,447 7.4% 8,946 7.2%

Age 25 to 29 Years 618 7.7% 3,307 7.1% 8,380 6.8%

Age 30 to 34 Years 612 7.6% 3,118 6.7% 7,654 6.2%

Age 35 to 39 Years 576 7.2% 2,825 6.1% 7,107 5.8%

Age 40 to 44 Years 513 6.4% 2,924 6.3% 7,569 6.1%

Age 45 to 49 Years 536 6.7% 3,093 6.6% 7,920 6.4%

Age 50 to 54 Years 559 7.0% 3,371 7.2% 8,777 7.1%

Age 55 to 59 Years 530 6.6% 3,361 7.2% 9,146 7.4%

Age 60 to 64 Years 410 5.1% 2,911 6.2% 8,347 6.8%

Age 65 to 69 Years 312 3.9% 2,263 4.9% 6,555 5.3%

Age 70 to 74 Years 199 2.5% 1,440 3.1% 4,320 3.5%

Age 75 to 79 Years 127 1.6% 916 2.0% 2,701 2.2%

Age 80 to 84 Years 107 1.3% 644 1.4% 1,932 1.6%

Age 85 Years or Over 120 1.5% 688 1.5% 2,271 1.8%

Male Median Age 33.8 36.3 37.8

Age 19 Years or Less 2,227 27.7% 12,350 26.5% 31,922 25.8%

Age 20 to 64 Years 4,935 61.5% 28,356 60.8% 73,846 59.8%

Age 65 Years or Over 865 10.8% 5,950 12.8% 17,780 14.4%

Males per 100 Females (2016)Overall Comparison 92 91 88

Age Under 5 Years 108 51.9% 101 50.4% 100 50.0%

Age 5 to 9 Years 103 50.7% 106 51.5% 103 50.6%

Age 10 to 14 Years 105 51.1% 109 52.2% 107 51.6%

Age 15 to 19 Years 109 52.2% 106 51.3% 106 51.5%

Age 20 to 24 Years 103 50.8% 102 50.5% 101 50.3%

Age 25 to 29 Years 87 46.6% 93 48.1% 90 47.5%

Age 30 to 34 Years 95 48.7% 93 48.3% 90 47.5%

Age 35 to 39 Years 100 50.0% 93 48.2% 89 47.0%

Age 40 to 44 Years 94 48.5% 87 46.4% 86 46.3%

Age 45 to 49 Years 91 47.6% 88 46.9% 84 45.7%

Age 50 to 54 Years 99 49.7% 91 47.5% 86 46.2%

Age 55 to 59 Years 97 49.2% 88 46.7% 84 45.5%

Age 60 to 64 Years 80 44.4% 86 46.1% 84 45.8%

Age 65 to 69 Years 80 44.5% 80 44.3% 81 44.8%

Age 70 to 74 Years 67 40.2% 75 42.7% 76 43.1%

Age 75 to 79 Years 63 38.7% 70 41.3% 67 40.1%

Age 80 to 84 Years 54 35.3% 59 36.9% 59 36.9%

Age 85 Years or Over 39 28.1% 49 32.8% 46 31.7%

Age 19 Years or Less 106 51.5% 106 51.4% 104 51.0%

Age 20 to 39 Years 96 48.9% 95 48.8% 93 48.1%

Age 40 to 64 Years 92 48.0% 88 46.7% 85 45.9%

Age 65 Years or Over 62 38.4% 69 41.0% 68 40.6%

Page 11: Redford Oaks Shopping Center To Be Transformed!images2.loopnet.com/d2/436zz_N62b-J_b98h4pWma7XmSoLp6Bk7aR_qAerJt0/document.pdfRedford Oaks Shopping Center To Be Transformed! This 157,000

Demographic Source: Applied Geographic Solutions 10/2016, TIGER Geography page 5 of 9©2017, Sites USA, Chandler, Arizona, 480-491-1112

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COMPLETE PROFILE2000-2010 Census, 2016 Estimates with 2021 Projections

Calculated using Weighted Block Centroid from Block Groups

Cohn Commercial Properties, Inc.

Lat/Lon: 42.4297/-83.2925RFULL9

25379 Grand River Ave1 mi radius 3 mi radius 5 mi radius

Redford Charter Twp, MI 48240

Household Type (2016)Total Households 7,044 40,955 111,316

Households with Children 2,115 30.0% 12,146 29.7% 32,496 29.2%

Average Household Size 2.4 2.4 2.3

Household Density per Square Mile 2,243 1,449 1,418

Population Family 12,986 77.5% 77,366 78.9% 210,579 79.7%

Population Non-Family 3,585 21.4% 19,395 19.8% 50,464 19.1%

Population Group Quarters 195 1.2% 1,338 1.4% 3,085 1.2%

Family Households 4,046 57.4% 24,578 60.0% 67,808 60.9%

Married Couple Households 2,228 55.1% 13,583 55.3% 39,004 57.5%

Other Family Households 1,818 44.9% 10,995 44.7% 28,804 42.5%

Family Households with Children 2,077 51.3% 11,994 48.8% 32,171 47.4%

Married Couple with Children 998 48.1% 5,531 46.1% 15,512 48.2%

Other Family Households with Children 1,078 51.9% 6,463 53.9% 16,659 51.8%

Family Households No Children 1,969 48.7% 12,585 51.2% 35,637 52.6%

Married Couple No Children 1,229 62.4% 8,052 64.0% 23,492 65.9%

Other Family Households No Children 740 37.6% 4,533 36.0% 12,145 34.1%

Non-Family Households 2,999 42.6% 16,376 40.0% 43,508 39.1%

Non-Family Households with Children 38 1.3% 152 0.9% 325 0.7%

Non-Family Households No Children 2,960 98.7% 16,224 99.1% 43,183 99.3%

Average Family Household Size 3.2 3.1 3.1

Average Family Income $59,413 $66,215 $74,076

Median Family Income $51,958 $56,402 $64,022

Average Non-Family Household Size 1.2 1.2 1.2

Marital Status (2016)Population Age 15 Years or Over 13,463 80,107 217,870

Never Married 5,418 40.2% 30,759 38.4% 81,532 37.4%

Currently Married 4,448 33.0% 28,367 35.4% 80,406 36.9%

Previously Married 3,597 26.7% 20,982 26.2% 55,932 25.7%

Separated 654 18.2% 3,767 18.0% 9,608 17.2%

Widowed 1,039 28.9% 5,765 27.5% 16,445 29.4%

Divorced 1,904 52.9% 11,449 54.6% 29,879 53.4%

Educational Attainment (2016)Adult Population Age 25 Years or Over 11,298 67,232 183,691

Elementary (Grade Level 0 to 8) 301 2.7% 2,039 3.0% 4,911 2.7%

Some High School (Grade Level 9 to 11) 1,050 9.3% 6,190 9.2% 14,388 7.8%

High School Graduate 3,720 32.9% 20,170 30.0% 50,851 27.7%

Some College 3,419 30.3% 18,910 28.1% 50,441 27.5%

Associate Degree Only 967 8.6% 5,789 8.6% 15,698 8.5%

Bachelor Degree Only 1,109 9.8% 8,900 13.2% 28,536 15.5%

Graduate Degree 732 6.5% 5,234 7.8% 18,867 10.3%

Any College (Some College or Higher) 6,227 55.1% 38,832 57.8% 113,542 61.8%

College Degree + (Bachelor Degree or Higher) 1,841 16.3% 14,134 21.0% 47,402 25.8%

Page 12: Redford Oaks Shopping Center To Be Transformed!images2.loopnet.com/d2/436zz_N62b-J_b98h4pWma7XmSoLp6Bk7aR_qAerJt0/document.pdfRedford Oaks Shopping Center To Be Transformed! This 157,000

Demographic Source: Applied Geographic Solutions 10/2016, TIGER Geography page 6 of 9©2017, Sites USA, Chandler, Arizona, 480-491-1112

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COMPLETE PROFILE2000-2010 Census, 2016 Estimates with 2021 Projections

Calculated using Weighted Block Centroid from Block Groups

Cohn Commercial Properties, Inc.

Lat/Lon: 42.4297/-83.2925RFULL9

25379 Grand River Ave1 mi radius 3 mi radius 5 mi radius

Redford Charter Twp, MI 48240

HousingTotal Housing Units (2016) 8,190 46,528 124,404Total Housing Units (2010) 8,219 47,133 126,456Historical Annual Growth (2010-2016) -30 -0.1% -605 -0.2% -2,052 -0.3%

Housing Units Occupied (2016) 7,044 86.0% 40,955 88.0% 111,316 89.5%

Housing Units Owner-Occupied 4,705 66.8% 26,855 65.6% 73,515 66.0%

Housing Units Renter-Occupied 2,339 33.2% 14,100 34.4% 37,801 34.0%

Housing Units Vacant (2016) 1,146 16.3% 5,574 13.6% 13,087 11.8%

Household Size (2016)Total Households 7,044 40,955 111,3161 Person Households 2,534 36.0% 14,002 34.2% 37,926 34.1%

2 Person Households 1,992 28.3% 12,192 29.8% 33,821 30.4%

3 Person Households 1,067 15.1% 6,397 15.6% 17,356 15.6%

4 Person Households 738 10.5% 4,578 11.2% 12,424 11.2%

5 Person Households 435 6.2% 2,268 5.5% 5,881 5.3%

6 Person Households 167 2.4% 908 2.2% 2,369 2.1%

7 or More Person Households 111 1.6% 609 1.5% 1,539 1.4%

Household Income Distribution (2016)HH Income $200,000 or More 37 0.5% 814 2.0% 3,294 3.0%

HH Income $150,000 to $199,999 67 0.9% 1,154 2.8% 4,014 3.6%

HH Income $125,000 to $149,999 169 2.4% 1,513 3.7% 4,892 4.4%

HH Income $100,000 to $124,999 515 7.3% 2,514 6.1% 7,787 7.0%

HH Income $75,000 to $99,999 867 12.3% 4,278 10.4% 12,597 11.3%

HH Income $50,000 to $74,999 1,286 18.3% 7,934 19.4% 21,292 19.1%

HH Income $35,000 to $49,999 1,092 15.5% 5,980 14.6% 15,822 14.2%

HH Income $25,000 to $34,999 761 10.8% 4,755 11.6% 11,833 10.6%

HH Income $15,000 to $24,999 879 12.5% 4,856 11.9% 12,669 11.4%

HH Income $10,000 to $14,999 646 9.2% 2,644 6.5% 6,257 5.6%

HH Income Under $10,000 725 10.3% 4,513 11.0% 10,860 9.8%

Household Vehicles (2016)Households 0 Vehicles Available 592 8.4% 4,166 10.2% 11,115 10.0%

Households 1 Vehicle Available 3,161 44.9% 17,653 43.1% 46,182 41.5%

Households 2 Vehicles Available 2,383 33.8% 13,548 33.1% 37,909 34.1%

Households 3 or More Vehicles Available 908 12.9% 5,588 13.6% 16,110 14.5%

Total Vehicles Available 10,942 63,636 176,297Average Vehicles per Household 1.6 1.6 1.6

Owner-Occupied Household Vehicles 8,275 75.6% 48,154 75.7% 134,714 76.4%

Average Vehicles per Owner-Occupied Household 1.8 1.8 1.8Renter-Occupied Household Vehicles 2,667 24.4% 15,482 24.3% 41,582 23.6%

Average Vehicles per Renter-Occupied Household 1.1 1.1 1.1

Travel Time (2010)Worker Base Age 16 years or Over 7,273 40,545 110,191Travel to Work in 14 Minutes or Less 1,697 23.3% 7,617 18.8% 21,157 19.2%

Travel to Work in 15 to 29 Minutes 3,204 44.0% 18,004 44.4% 49,120 44.6%

Travel to Work in 30 to 59 Minutes 1,891 26.0% 12,017 29.6% 32,544 29.5%

Travel to Work in 60 Minutes or More 287 4.0% 1,858 4.6% 4,405 4.0%

Work at Home 194 2.7% 1,050 2.6% 2,965 2.7%

Average Minutes Travel to Work 20.8 22.6 22.8

Page 13: Redford Oaks Shopping Center To Be Transformed!images2.loopnet.com/d2/436zz_N62b-J_b98h4pWma7XmSoLp6Bk7aR_qAerJt0/document.pdfRedford Oaks Shopping Center To Be Transformed! This 157,000

Demographic Source: Applied Geographic Solutions 10/2016, TIGER Geography page 7 of 9©2017, Sites USA, Chandler, Arizona, 480-491-1112

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COMPLETE PROFILE2000-2010 Census, 2016 Estimates with 2021 Projections

Calculated using Weighted Block Centroid from Block Groups

Cohn Commercial Properties, Inc.

Lat/Lon: 42.4297/-83.2925RFULL9

25379 Grand River Ave1 mi radius 3 mi radius 5 mi radius

Redford Charter Twp, MI 48240

Transportation To Work (2010)Worker Base Age 16 years or Over 7,273 40,545 110,191

Drive to Work Alone 6,223 85.6% 34,124 84.2% 93,840 85.2%

Drive to Work in Carpool 562 7.7% 3,337 8.2% 8,524 7.7%

Travel to Work by Public Transportation 110 1.5% 1,027 2.5% 2,399 2.2%

Drive to Work on Motorcycle 9 0.1% 37 0.1% 66 0.1%

Bicycle to Work 20 0.3% 74 0.2% 276 0.3%

Walk to Work 124 1.7% 636 1.6% 1,512 1.4%

Other Means 30 0.4% 259 0.6% 610 0.6%

Work at Home 194 2.7% 1,050 2.6% 2,965 2.7%

Daytime Demographics (2016)Total Businesses 485 3,481 13,288

Total Employees 3,281 32,585 149,981

Company Headquarter Businesses 1 0.1% 9 0.3% 117 0.9%

Company Headquarter Employees 1 - 2,357 7.2% 18,789 12.5%

Employee Population per Business 6.8 to 1 9.4 to 1 11.3 to 1

Residential Population per Business 34.6 to 1 28.2 to 1 19.9 to 1

Adj. Daytime Demographics Age 16 Years or Over 9,044 66,819 242,312

Labor ForceLabor Population Age 16 Years or Over (2016) 13,264 78,921 214,627

Labor Force Total Males (2016) 6,231 47.0% 36,795 46.6% 98,360 45.8%

Male Civilian Employed 3,762 60.4% 21,702 59.0% 57,361 58.3%

Male Civilian Unemployed 274 4.4% 1,454 4.0% 3,525 3.6%

Males in Armed Forces - - 5 - 50 0.1%

Males Not in Labor Force 2,196 35.2% 13,634 37.1% 37,424 38.0%

Labor Force Total Females (2016) 7,033 53.0% 42,127 53.4% 116,268 54.2%

Female Civilian Employed 3,740 53.2% 22,981 54.6% 64,886 55.8%

Female Civilian Unemployed 228 3.2% 1,233 2.9% 2,913 2.5%

Females in Armed Forces - - - - - -

Females Not in Labor Force 3,065 43.6% 17,913 42.5% 48,469 41.7%

Unemployment Rate 6,231 3.8% 36,795 3.4% 98,360 3.0%

Labor Force Growth (2010-2016) 52 0.7% 3,333 8.1% 9,210 8.1%

Male Labor Force Growth (2010-2016) -22 -0.6% 1,920 9.7% 4,631 8.8%

Female Labor Force Growth (2010-2016) 74 2.0% 1,413 6.6% 4,580 7.6%

Occupation (2010)Occupation Population Age 16 Years or Over 7,449 41,349 113,036

Occupation Total Males 3,783 50.8% 19,782 47.8% 52,730 46.6%

Occupation Total Females 3,666 49.2% 21,567 52.2% 60,306 53.4%

Management, Business, Financial Operations 824 11.1% 4,972 12.0% 15,319 13.6%

Professional, Related 1,039 13.9% 7,673 18.6% 23,476 20.8%

Service 1,489 20.0% 8,439 20.4% 21,982 19.4%

Sales, Office 2,231 29.9% 11,465 27.7% 30,319 26.8%

Farming, Fishing, Forestry 7 0.1% 92 0.2% 200 0.2%

Construction, Extraction, Maintenance 637 8.6% 2,829 6.8% 6,835 6.0%

Production, Transport, Material Moving 1,222 16.4% 5,878 14.2% 14,904 13.2%

White Collar Workers 4,094 55.0% 24,110 58.3% 69,115 61.1%

Blue Collar Workers 3,355 45.0% 17,239 41.7% 43,921 38.9%

Page 14: Redford Oaks Shopping Center To Be Transformed!images2.loopnet.com/d2/436zz_N62b-J_b98h4pWma7XmSoLp6Bk7aR_qAerJt0/document.pdfRedford Oaks Shopping Center To Be Transformed! This 157,000

Demographic Source: Applied Geographic Solutions 10/2016, TIGER Geography page 8 of 9©2017, Sites USA, Chandler, Arizona, 480-491-1112

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COMPLETE PROFILE2000-2010 Census, 2016 Estimates with 2021 Projections

Calculated using Weighted Block Centroid from Block Groups

Cohn Commercial Properties, Inc.

Lat/Lon: 42.4297/-83.2925RFULL9

25379 Grand River Ave1 mi radius 3 mi radius 5 mi radius

Redford Charter Twp, MI 48240

Units In Structure (2010)Total Units 7,086 40,735 110,659

1 Detached Unit 5,675 80.1% 31,812 78.1% 84,617 76.5%

1 Attached Unit 76 1.1% 978 2.4% 3,935 3.6%

2 Units 103 1.5% 368 0.9% 915 0.8%

3 to 4 Units 131 1.8% 755 1.9% 2,016 1.8%

5 to 9 Units 247 3.5% 1,986 4.9% 4,797 4.3%

10 to 19 Units 175 2.5% 1,300 3.2% 3,901 3.5%

20 to 49 Units 240 3.4% 1,332 3.3% 3,326 3.0%

50 or More Units 336 4.7% 1,482 3.6% 5,824 5.3%

Mobile Home or Trailer 103 1.4% 719 1.8% 1,326 1.2%

Other Structure - - 2 - 3 -

Homes Built By Year (2010)Homes Built 2005 or later 121 1.7% 750 1.8% 1,856 1.7%

Homes Built 2000 to 2004 258 3.6% 1,416 3.5% 3,867 3.5%

Homes Built 1990 to 1999 383 5.4% 2,661 6.5% 7,494 6.8%

Homes Built 1980 to 1989 303 4.3% 2,391 5.9% 7,547 6.8%

Homes Built 1970 to 1979 485 6.9% 4,330 10.6% 14,086 12.7%

Homes Built 1960 to 1969 646 9.1% 5,100 12.5% 15,955 14.4%

Homes Built 1950 to 1959 2,833 40.0% 13,303 32.7% 32,270 29.2%

Homes Built 1940 to 1949 1,236 17.4% 6,397 15.7% 16,069 14.5%

Homes Built Before 1939 825 11.6% 4,433 10.9% 11,565 10.5%

Median Age of Homes 55.6 yrs 53.3 yrs 52.1 yrs

Home Values (2010)Owner Specified Housing Units 4,748 26,931 74,532

Home Values $1,000,000 or More 16 0.3% 120 0.4% 259 0.3%

Home Values $750,000 to $999,999 8 0.2% 51 0.2% 159 0.2%

Home Values $500,000 to $749,999 27 0.6% 160 0.6% 513 0.7%

Home Values $400,000 to $499,999 27 0.6% 212 0.8% 662 0.9%

Home Values $300,000 to $399,999 71 1.5% 658 2.4% 2,413 3.2%

Home Values $250,000 to $299,999 76 1.6% 794 2.9% 3,238 4.3%

Home Values $200,000 to $249,999 134 2.8% 1,637 6.1% 5,974 8.0%

Home Values $175,000 to $199,999 126 2.7% 1,479 5.5% 4,915 6.6%

Home Values $150,000 to $174,999 282 5.9% 2,761 10.3% 8,373 11.2%

Home Values $125,000 to $149,999 559 11.8% 2,915 10.8% 7,433 10.0%

Home Values $100,000 to $124,999 1,037 21.8% 4,428 16.4% 10,938 14.7%

Home Values $90,000 to $99,999 317 6.7% 1,476 5.5% 3,831 5.1%

Home Values $80,000 to $89,999 374 7.9% 2,045 7.6% 4,974 6.7%

Home Values $70,000 to $79,999 292 6.2% 1,666 6.2% 4,420 5.9%

Home Values $60,000 to $69,999 262 5.5% 1,457 5.4% 3,607 4.8%

Home Values $50,000 to $59,999 279 5.9% 1,312 4.9% 3,422 4.6%

Home Values $35,000 to $49,999 368 7.8% 1,383 5.1% 3,589 4.8%

Home Values $25,000 to $34,999 215 4.5% 911 3.4% 2,142 2.9%

Home Values $10,000 to $24,999 207 4.4% 1,027 3.8% 2,586 3.5%

Home Values Under $10,000 71 1.5% 438 1.6% 1,084 1.5%

Owner-Occupied Median Home Value $98,937 $114,586 $125,654

Renter-Occupied Median Rent $732 $673 $712

Page 15: Redford Oaks Shopping Center To Be Transformed!images2.loopnet.com/d2/436zz_N62b-J_b98h4pWma7XmSoLp6Bk7aR_qAerJt0/document.pdfRedford Oaks Shopping Center To Be Transformed! This 157,000

Demographic Source: Applied Geographic Solutions 10/2016, TIGER Geography page 9 of 9©2017, Sites USA, Chandler, Arizona, 480-491-1112

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COMPLETE PROFILE2000-2010 Census, 2016 Estimates with 2021 Projections

Calculated using Weighted Block Centroid from Block Groups

Cohn Commercial Properties, Inc.

Lat/Lon: 42.4297/-83.2925RFULL9

25379 Grand River Ave1 mi radius 3 mi radius 5 mi radius

Redford Charter Twp, MI 48240

Total Annual Consumer Expenditure (2016)

Total Household Expenditure $306 M $1.90 B $5.57 B

Total Non-Retail Expenditure $165 M $1.02 B $3.01 B

Total Retail Expenditure $142 M $875 M $2.56 B

Apparel $10.6 M $65.9 M $194 M

Contributions $11.5 M $75.8 M $230 M

Education $9.91 M $64.8 M $196 M

Entertainment $16.9 M $105 M $310 M

Food and Beverages $46.5 M $284 M $828 M

Furnishings and Equipment $10.1 M $63.1 M $188 M

Gifts $6.85 M $44.2 M $133 M

Health Care $26.0 M $158 M $457 M

Household Operations $7.97 M $51.1 M $153 M

Miscellaneous Expenses $4.67 M $28.6 M $83.4 M

Personal Care $4.00 M $24.7 M $72.5 M

Personal Insurance $2.03 M $13.1 M $39.6 M

Reading $674 K $4.19 M $12.3 M

Shelter $63.0 M $391 M $1.15 B

Tobacco $2.16 M $12.8 M $36.2 M

Transportation $59.3 M $363 M $1.06 B

Utilities $24.4 M $148 M $428 M

Monthly Household Consumer Expenditure (2016)

Total Household Expenditure $3,625 $3,862 $4,173

Total Non-Retail Expenditure $1,948 53.7% $2,082 53.9% $2,254 54.0%

Total Retail Expenditures $1,677 46.3% $1,780 46.1% $1,919 46.0%

Apparel $125 3.5% $134 3.5% $145 3.5%

Contributions $136 3.7% $154 4.0% $172 4.1%

Education $117 3.2% $132 3.4% $147 3.5%

Entertainment $200 5.5% $214 5.5% $232 5.6%

Food and Beverages $550 15.2% $579 15.0% $620 14.9%

Furnishings and Equipment $119 3.3% $128 3.3% $141 3.4%

Gifts $81 2.2% $90 2.3% $100 2.4%

Health Care $307 8.5% $321 8.3% $342 8.2%

Household Operations $94 2.6% $104 2.7% $115 2.7%

Miscellaneous Expenses $55 1.5% $58 1.5% $62 1.5%

Personal Care $47 1.3% $50 1.3% $54 1.3%

Personal Insurance $24 0.7% $27 0.7% $30 0.7%

Reading $8 0.2% $9 0.2% $9 0.2%

Shelter $745 20.6% $796 20.6% $861 20.6%

Tobacco $26 0.7% $26 0.7% $27 0.6%

Transportation $701 19.3% $739 19.1% $795 19.0%

Utilities $289 8.0% $301 7.8% $321 7.7%