Multi-Suite Retail
New
For Sale
$1,250,000
29920 Ford Road, Garden City, MI 48135
Three storefronts are available along Ford Road, with updated building systems and parking.
Property Size6,020 SF
Price / SF$207.64
Days on Market4
Property Features for 29920 Ford Road
General Information
Standard status
Active
Size
6,020 SF
Property subtype
Commercial
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$16,700
Building Details
Building Size
6,020 SF
Year Built
1945
Tenancy
Multi
Listing Agency:
Century 21 Curran & Oberski
Listed By:
Ali T Charara · License #6501340600
(313) 289-2222
Source:
Case-realty
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 5:45PM
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 Century 21 Curran & Oberski
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial retail property contains three available storefronts: 29916 and 22920, each measuring 1,250 square feet, and 22930-40, measuring 3,520 square feet. The building, constructed in 1945, has undergone renovations that include new mechanical systems, windows, and doors, along with newer plumbing.
The property is on Ford Road in Garden City and has an updated parking area with more than 40 spaces.
The property is on Ford Road in Garden City and has an updated parking area with more than 40 spaces.
Key Highlights
- Three storefronts available: 1,250 SF at 29916, 1,250 SF at 22920, and 3,520 SF at 22930‑40
- Renovations include new mechanicals, windows, and doors, plus newer plumbing
- Updated parking area with 40+ spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,041
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,140,820
$1.1M
Cap Rate 7%
$814,871
$814.9K
Cap Rate 9%
$633,789
$633.8K
Market Conditions
NOI Build-Up for 6,020 SF
Gross rent
$86.7K $14.40/SF
− Vacancy
−$5.2K −$0.86/SF
EGI
$81.5K $13.54/SF
− OpEx
−$24.4K −$4.06/SF
NOI
$57.0K $9.48/SF
Area
Wayne County, MI
Vacancy
6.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,140,820
Cap Rate 7%
$814,871
Cap Rate 9%
$633,789
Alternative Uses
Best Use
Retail
$814.9K
$713.0K – $950.7K
NOI $57,041 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.11M
$975.2K – $1.30M
NOI $78,019 @ 7.0% cap · market cap 6.24%
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
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
649
Businesses Nearby
154k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Shops & Services 34%
Groceries 15%
Apparel 4%
McDonald's
Dining
32,019 visits/mo
0.3 miles
Aldi
Groceries
23,491 visits/mo
0.2 miles
Dollar Tree
Shops & Services
16,471 visits/mo
0.4 miles
BP
Shops & Services
14,636 visits/mo
0.2 miles
Tim Hortons
Dining
11,362 visits/mo
0.2 miles
Demographics for 48135, MI
27,380
Population
11,395
Households
2.4
Avg Household Size
41
Median Age
15%
College-Educated
91%
High-School Grad
5.9 sq mi
ZIP Area
4,641
Density / Sq Mi
$64,396
Median Household Income
$39,987
Median Earnings
$991
Median Rent
$162,400
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
Frequently Asked Questions
What type of property is this?
Strip mall - Three storefronts are available along Ford Road, with updated building systems and parking.
Where is this strip mall located?
The property is located at 29920 Ford Road Garden City, MI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Three storefronts available: 1,250 SF at 29916, 1,250 SF at 22920, and 3,520 SF at 22930‑40; Renovations include new mechanicals, windows, and doors, plus newer plumbing; Updated parking area with 40+ spaces
