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    31519 W 12 Mile Rd Farmington Hills, MI 48334

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    For Sale
    $3,500,000

    Freestanding, renovated restaurant building with tenant in Farmington Hills, MI.

    Lot size:
    0.57 Acres

    Property Features for 31519 W 12 Mile Rd

    General Information

    Lot size
    0.57 Acres

    Building Details

    Year built
    1995

    Source: Central Properties Group LLC Agent Ian Whitelaw

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Restaurant Building For Sale

    This freestanding building, completely renovated in 2022, hosts a Chinese restaurant as a tenant. The upscale establishment includes two levels of dining, an outdoor patio, and an elevator. Monument signage is prominently displayed along 12 Mile Road, west of Orchard Lake Road and across from Starbucks. The property is situated in an area with restaurants, banks, and various amenities, and was formerly known as Tribute Restaurant. Excellent freeway access is available. The tenant is looking to sign a new long-term lease with new owners.
    Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Farmington Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.360316
    Latitude
    42.498279

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    FAQs

    What type of property is this?
    Restaurant - Freestanding, renovated restaurant building with tenant in Farmington Hills, MI.
    Where is this restaurant located?
    The property is located at 31519 W 12 Mile Rd Farmington Hills, MI.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - High-quality tenant: Leased to one of Michigan's finest Chinese restaurants, providing immediate and reliable income.; - Recently renovated: Completely renovated in 2022, ensuring modern standards and minimal maintenance.; - Prime location: Strategically positioned on 12 Mile Road with high visibility and excellent freeway access.
    (248) 855-5955
    Request Owner's contact information
    31519 W 12 Mile Rd Farmington Hills, MI 48334
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    Farmington Hills, MI 48334
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    31519 W 12 Mile Rd Farmington Hills, MI 48334
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