Listing Agency: CBRE | Detroit p***@cbre.com Show Phone

Listed By: Philip Sprague · License #6501353329 Show Phone

Source: Cbre

Added: Mar 25 Changed: Jul 6 Last Checked: Aug 12 at 12:34PM

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Investment Insights

Based on property information with market context.

This commercial property offers 2,326 square feet of flex space. The shop area features a 16-foot ceiling clear height. The property provides flexible layouts and rates. It benefits from main road frontage and signage opportunities. The location provides easy access to I-275, I-96, I-696, and M-5. The property is professionally maintained.

Key Highlights

• Easy access to I‑275, I‑96, I‑696 and M‑5
• Main road frontage/signage
• 2,326 sf available

Property Analytics

Property Profile

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Dental Office Hair Salon Spa & Massage Center Nail Salon Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$1.13 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

831

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 48335, MI

25,618

Population

11,964

Households

2.1

Avg Household Size

36

Median Age

65%

College-Educated

98%

High-School Grad

7.2 sq mi

ZIP Area

3,558

Density / Sq Mi

$96,359

Median Household Income

$66,646

Median Earnings

$1,451

Median Rent

$366,500

Median Home Value

Market

Lease Benchmarks for Farmington Hills, MI

$11.58 /SF/Yr

Avg Asking Price

$7.5–$15.68 /SF/Yr

Price Range

11,806 SF

Avg Space Size

This space is priced 35% below the average of $11.58 /SF/Yr.

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the lease rate? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

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Frequently Asked Questions

What type of property is this?

Flex space - 2,326 SF flex space with easy highway access.

Where is this flex space located?

The property is located at 24615 Halsted Road Farmington Hills, MI.

What is the lease rate?

The lease rate is $7.50 SF/Yr.

What are key features of this property?

This property features: Easy access to I‑275, I‑96, I‑696 and M‑5; Main road frontage/signage; 2,326 sf available