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    Farmington Hills, MI
    Conventional Restaurant

    Farmington Hills, MI Conventional Restaurants for Sale

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    Farmington, MI Southfield, MI Livonia, MI
    Retail
    Updated: Feb 14, 2024
    Retail

    30685 W 12 Mile Rd, Farmington Hills, MI 48334

    $975,000
    3,292 sqft
    Attractive 8% Cap Rate delivering predictable cash flow.
    NNN lease with personal guarantee provides secure investment.
    Tenant invested in full interior remodel including new kitchen, upgraded bar, and increased seating.
    Located in a high‑visibility, busy retail corridor with strong demographics.
    Dedicated parking lot with 70 spaces and monument signage on 12 Mile Road.
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    This listing looks promising.

    Here's a quick look at some key insights for

    30685 W 12 Mile Rd, Farmington Hills, MI 48334

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    • Est. Cap Rate

      5.1%
      NOI ÷ price

    • Est. NOI

      $50K
      Annual

    • Price @ 7% Cap

      $710K
      Suggested

    • Property Type

      Restaurant
      Built 1972
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    Renovated Restaurant Building For Sale
    Updated: Jun 17, 2024
    Renovated Restaurant Building For Sale

    31519 W 12 Mile Rd, Farmington Hills, MI 48334

    $3,500,000
    8,108 sqft
    Tenant is one of Michigan's finest Chinese restaurants.
    Tenant looking to sign new long‑term lease with new owners.
    Completely renovated in 2022.
    Prime location on 12 Mile Road with prominent monument signage.
    Upscale establishment with two levels of dining and an outdoor patio.
    View details
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Farmington Hills, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turnkey Restaurant with Seating
    Turnkey Restaurant with Seating

    26080 Grand River Avenue, Redford, MI 48240

    $150,000
    2,136 sqft · 0.32 AC lot

    Recently renovated restaurant offering guest seating, updated HVAC, and substantial on-site parking for day-to-day operations.

    View details
    Turn Key Deli Opportunity
    Turn Key Deli Opportunity

    39915 Grand River Avenue, Novi, MI 48375

    $85,000
    21,642 sqft

    Deli on Grand River Avenue with high visibility and traffic.

    View details
    Established Restaurant on Grand River
    Established Restaurant on Grand River

    27281 Grand River Ave, Redford, MI 48240

    $400,000
    2,044 sqft

    Well-established restaurant for sale with high visibility location.

    View details
    Established Middle Eastern Restaurant Opportunity
    Established Middle Eastern Restaurant Opportunity

    Novi, MI 48375

    $199,900

    Thriving Middle Eastern restaurant for sale in Novi, Michigan.

    View details

    Farmington Hills, MI Conventional Restaurants Market Trends and Statistics

    Explore 2 conventional restaurants for sale in Farmington Hills, MI on our real estate platform. These investment opportunities span a total of 11,400 square feet of properties for sale, with an estimated market value of $4,475,000.

    Sale prices for conventional restaurants in Farmington Hills, MI start at $975,000, averaging $2,237,500, and reaching up to $3,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 3
    Bars & Pubs 1
    Commercial kitchens 1

    Demographics Overview

    Population 92K
    Population Growth (5Y) +3.0%
    Median Household Income $99,578
    College Educated 57.6%

    High-Yield Neighborhoods for Investment

    Identify Farmington Hills submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Farmington - 48334 $975K

    Listings Trend

    New vs delisted commercial listings in Oakland County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Oakland County

    Retail

    Residential Income

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