Freestanding Building on 1.4
For Sale
$1,999,999
29710 Wixom Road, Wixom, MI 48393
6,926 SF remodeled building on 1.4 acres for sale.
Property Size6,926 SF
Lot Size1.40 Acres
Price / SF$288.77
Days on Market204
Property Features for 29710 Wixom Road
General Information
Standard status
Active
Size
6,926 SF
Lot size
1.40 Acres
Property subtype
Retail
Building Details
Building Size
6,926 SF
Year Built
1997
Listing Agency:
KJ Commercial
Listed By:
Preston Rabban · License #MI #6501391831
(248) 631-7422
Source:
Kjcre
Added: Mar 27
Changed: Oct 1
Last Checked: Oct 14 at 8:18PM
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 KJ Commercial
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Investment Insights
Based on property information with market context.
This 6,926 square-foot freestanding building is situated on a 1.4-acre lot. The property has been fully remodeled with high-end showroom finishes. It benefits from high visibility, with over 30,000 vehicles passing by daily on Wixom Road. Ample on-site parking is available. The building is located on the east side of Wixom Road, just north of West Road, and is less than 1 mile from I-96 access ramps, offering convenient transportation links. This property presents a prime opportunity for an owner-user in a high-traffic corridor.
Key Highlights
- High‑traffic location with excellent visibility (over 30K vehicles per day) on Wixom Road.
- 6,926 SF modern, freestanding building on 1.4 acres.
- Fully remodeled with high‑end showroom finishes.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,527
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,490,540
$1.5M
Cap Rate 7%
$1,064,671
$1.1M
Cap Rate 9%
$828,078
$828.1K
Market Conditions
NOI Build-Up for 6,926 SF
Gross rent
$116.4K $16.80/SF
− Vacancy
−$9.9K −$1.43/SF
EGI
$106.5K $15.37/SF
− OpEx
−$31.9K −$4.61/SF
NOI
$74.5K $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%
$1,490,540
Cap Rate 7%
$1,064,671
Cap Rate 9%
$828,078
Alternative Uses
Best Use
Retail
$1.06M
$931.6K – $1.24M
NOI $74,527 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.49M
$1.31M – $1.74M
NOI $104,572 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
350
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48393, MI
20,257
Population
9,847
Households
2.1
Avg Household Size
36
Median Age
43%
College-Educated
96%
High-School Grad
13.6 sq mi
ZIP Area
1,489
Density / Sq Mi
$67,194
Median Household Income
$44,862
Median Earnings
$975
Median Rent
$309,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- At Home — 10800 Assembly Park Dr, Wixom, MI 48393
- Garage Living — 48973 West Rd, Wixom, MI 48393
- ProSource of West Oakland — 48168 West Rd, Wixom, MI 48393
- MSI Detroit — 30150 Wixom Rd, Wixom, MI 48393
- Michigan Hardwood Distributors — 30687 Wixom Rd, Wixom, MI 48393
Frequently Asked Questions
What type of property is this?
Showroom - 6,926 SF remodeled building on 1.4 acres for sale.
Where is this showroom located?
The property is located at 29710 Wixom Road Wixom, MI.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: High‑traffic location with excellent visibility (over 30K vehicles per day) on Wixom Road.; 6,926 SF modern, freestanding building on 1.4 acres.; Fully remodeled with **high‑end showroom finishes**.
