Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Oak Park Title is generated by Realmo AI

    22121 Coolidge Hwy, Oak Park, MI 48237

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Established strip center location on Coolidge Hwy and Nine Mile.

    Type:Retail
    Property size:
    2,840 SF
    Price / SF:
    $88/SF
    Added:
    Feb 12, 2026
    Days on Market:
    90
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 22121 Coolidge Hwy

    General Information

    Standard status
    Active
    Size
    2,840 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Dawn Patterson

    Listing agent Dawn Patterson License #6501445643

    Listing office Summit Commercial LLC

    Listing date Feb 12, 2026

    Source Crexi

    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 Summit Commercial LLC

    HighLights

    • High‑traffic location on Coolidge Hwy and Nine Mile Road.
    • Located in a well‑established strip center with KFC and Tim Hortons.
    • Large retail space visible from Coolidge Hwy.
    • Opportunity to own a business in Oak Park.
    • Overhead door in rear allows vehicles to pull inside.
    • Classrooms in rear of property.

    Overview

    This commercial property is located in a well-established strip center at the intersection of Coolidge Highway and Nine Mile Road in Oak Park. The property, suitable for retail or other commercial uses, offers an opportunity for business ownership in a high-traffic area. The building features an overhead door at the rear, allowing vehicles to be driven inside. The layout includes classrooms in the rear and a large retail space that is visible from Coolidge Highway. The property has a size of 2840 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Oak Park
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1823573
    Latitude
    42.4582939

    Nearby Similar for Sale

    • $375,000
      3,390 SF

      Versatile Commercial Property in Oak Park

      Commercial property near Northland redevelopment, ideal for customization.
      21910 Greenfield Road, Oak Park, MI 48237
      View Details
    • $889,000
      7,500 SF

      Oak Park Commercial Building Opportunity

      High-potential commercial building in a booming business location.
      20800 Greenfield Rd, Oak Park, MI 48237
      View Details
    • $375,000

      Versatile Commercial Property Ready

      Commercial property near Northland redevelopment, great for investment.
      21910 Greenfield Rd, Oak Park, MI 48237
      View Details
    • $225,000

      Oak Park Retail/Office Opportunity

      Vacant building in the heart of Oak Park, Michigan.
      10140-10150 W 9 Mile Rd, Oak Park, MI 48237
      View Details
    • $450,000
      1,519 SF

      Retail Corner Location For Sale

      Retail property at a signalized corner location.
      25761 Coolidge Highway, Oak Park, MI, 48237
      View Details
    • $12
      47,638 SF

      Renovated Multi-Tenant Industrial Building

      Centrally located, newly renovated industrial building with flexible leasing options.
      14350 W 8 Mile Rd, Oak Park, MI 48237
      View Details
    • $479,999
      5,088 SF

      High-Visibility Commercial Space on 9 Mile

      5,088 SF commercial space on 9 Mile Road.
      10160 w 9 mile, Oak park, MI 48237
      View Details
    • Contact for pricing
      1,160 SF

      Oak Park Retail End Cap

      Retail space in Oak Park offering 1,160 SF.
      8100 W Nine Mile Rd, Oak Park, MI 48237
      View Details
    • $1,500,000
      30,000 SF

      Established Hair Wig Brand For Sale

      Operating for 24 years, includes brand, trademarks, customer list.
      Well-known hair wig brand/distributor, Oak Park, MI 48237
      View Details
    • $330,000
      3,867 SF

      Rebuilt Office Building For Sale

      Office building rebuilt in 2010 with centralized location.
      13650 Eight Mile Rd, Oak Park, MI 48237
      View Details

    FAQs

    What type of property is this?
    Strip mall - Established strip center location on Coolidge Hwy and Nine Mile.
    Where is this strip mall located?
    The property is located at 22121 Coolidge Hwy Oak Park, MI.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: High‑traffic location on Coolidge Hwy and Nine Mile Road.; Located in a well‑established strip center with KFC and Tim Hortons.; **Large retail space visible from Coolidge Hwy.**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dawn Patterson
    Real Estate License ID: 6501445643
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    22121 Coolidge Hwy, Oak Park, MI 48237
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!