Freestanding Retail
For Sale
Contact for pricing
13630 W 8 Mile Rd, Oak Park, MI 48237
Freestanding retail storefront on 8 Mile Rd with two curb cuts at a signalized intersection.
Property Size2,200 SF
Price / SF$226.82
Days on Market97
Property Features for 13630 W 8 Mile Rd
General Information
Standard status
Active
Size
2,200 SF
Property subtype
RETAIL
Site & Location
Frontage
68 ft
Road Access
Yes
Listing Agency:
NAI Farbman - Corporate
(248) 353-0500
Listed By:
Wendy Acho · License #6501411463
(248) 563-0739
Source:
Moodyscre
Added: Jul 2
Changed: Oct 6
Last Checked: Oct 5 at 8:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Farbman - Corporate
Investment Insights
Based on property information with market context.
This freestanding retail storefront offers 2,200 SF of space and 68’ of frontage on 8 Mile Rd. The property is set up with 2 curb cuts to support customer access and convenient ingress/egress.
The frontage sits at a signalized intersection, providing visibility and controlled traffic flow for retail operations. Two curb cuts further support turn-in and turnaround needs for a variety of street-facing retail concepts.
For retailers looking for a standalone, street-accessible location with direct road frontage, this storefront format provides straightforward site access and a compact footprint suited to many small retail uses.
The frontage sits at a signalized intersection, providing visibility and controlled traffic flow for retail operations. Two curb cuts further support turn-in and turnaround needs for a variety of street-facing retail concepts.
For retailers looking for a standalone, street-accessible location with direct road frontage, this storefront format provides straightforward site access and a compact footprint suited to many small retail uses.
Key Highlights
- 2,200 SF freestanding retail storefront
- 68’ frontage on 8 Mile Rd
- Two curb cuts for vehicle access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,673
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,460
$473.5K
Cap Rate 7%
$338,186
$338.2K
Cap Rate 9%
$263,033
$263.0K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$37.0K $16.80/SF
− Vacancy
−$3.1K −$1.43/SF
EGI
$33.8K $15.37/SF
− OpEx
−$10.1K −$4.61/SF
NOI
$23.7K $10.76/SF
Area
Oakland County, MI
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,460
Cap Rate 7%
$338,186
Cap Rate 9%
$263,033
Alternative Uses
Best Use
Retail
$338.2K
$295.9K – $394.6K
NOI $23,673 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$474.5K
$415.2K – $553.6K
NOI $33,216 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
82k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Dining 21%
Apparel 5%
Dollar Tree
Shops & Services
16,942 visits/mo
0.3 miles
Public Service Credit Union
Shops & Services
10,513 visits/mo
0.4 miles
Dollar General
Shops & Services
10,050 visits/mo
0.4 miles
Family Dollar
Shops & Services
8,857 visits/mo
0.2 miles
KFC
Dining
6,802 visits/mo
0.5 miles
Demographics for 48237, MI
29,560
Population
13,036
Households
2.3
Avg Household Size
38
Median Age
39%
College-Educated
93%
High-School Grad
5.1 sq mi
ZIP Area
5,796
Density / Sq Mi
$65,882
Median Household Income
$44,992
Median Earnings
$1,354
Median Rent
$198,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding retail storefront on 8 Mile Rd with two curb cuts at a signalized intersection.
Where is this storefront property located?
The property is located at 13630 W 8 Mile Rd Oak Park, MI.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 2,200 SF freestanding retail storefront; 68’ frontage on 8 Mile Rd; Two curb cuts for vehicle access
