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    32940 CHERRY HILL Road, Garden City, MI 48135

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    For Sale
    $259,900

    Commercial building suitable for business, medical office, or retail.

    Type:Commercial/Industrial
    Property size:
    1,848 SF
    Lot size:
    0.10 Acres
    Price / SF:
    $140/SF
    Added:
    Mar 24, 2026
    Days on Market:
    55
    Last Refresh:
    Apr 6 at 12:30 am

    Property Features for 32940 CHERRY HILL Road

    General Information

    Standard status
    Active
    Size
    1,848 SF
    Lot size
    0.10 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1959

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    Listing Contact
    Samar Taha
    Samar Taha

    Listing agent Samar Taha License #6501426070

    Listing office Sonic Realty LLC

    Listing date Mar 24, 2026

    Source Exitrealty

    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 Sonic Realty LLC

    HighLights

    • Commercial building zoned for business, offering potential for medical office, retail space, and more
    • 10 dedicated parking spaces
    • Restroom included
    • Small kitchenette area
    • Built in 1959

    Overview

    This commercial building, totaling 1848 square feet, is currently zoned for business and presents opportunities for various uses, including medical office or retail space. The property includes a restroom and a small kitchenette area. It also features 10 dedicated parking spaces located in front of the building.

    Financial Insights

    Value Estimation Calculated for Healthcare Medical

    Conservative
    $216.2K
    NOI $19,461 @ 9.00% cap · cautious / downside scenario
    Moderate
    $278.0K
    NOI $19,461 @ 7.00% cap · market / base-case scenario
    Aggressive
    $389.2K
    NOI $19,461 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
    Calculated for Healthcare Medical

    Component $ $/SF
    Gross rent $37.0k $20.04
    − Vacancy −$4.6k −$2.49
    EGI $32.4k $17.55
    − OpEx −$13.0k −$7.02
    NOI $19.5k $10.53
    1,848 SF · lease $20.04/SF/yr · vacancy 12.42% · expense 40.00%

    Alternative Use Scenarios

    Best Use
    Healthcare Medical
    $278.0K
    $243.3K – $324.4K (±1% cap)
    NOI $19,461 @ 7.0% cap · market cap 7.49%
    Second Best
    Retail
    $250.1K
    $218.9K – $291.8K (±1% cap)
    NOI $17,510 @ 7.0% cap · market cap 6.74%
    Theoretical Best
    Specialty Retail
    $342.1K
    $299.4K – $399.2K (±1% cap)
    NOI $23,950 @ 7.0% cap · market cap 9.22%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Meemic - RFA Insurance ... Insurance Agency

    Suggested Use

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

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

    Similar Places Nearby

    • Comfort's Place 975 S Merriman Rd, Westland, MI 48186

    Location Insight

    • Map
    • Local Demand
    City
    Garden City
    County
    Wayne
    State
    Michigan
    Longitude
    -83.365209
    Latitude
    42.3106824

    FAQs

    What type of property is this?
    Medical Office Space - Commercial building suitable for business, medical office, or retail.
    Where is this medical office space located?
    The property is located at 32940 CHERRY HILL Road Garden City, MI.
    What is the asking price?
    The asking price for this property is $259,900.
    What are key features of this property?
    This property features: Commercial building zoned for business, offering potential for medical office, retail space, and more; 10 dedicated parking spaces; Restroom included
    More about this property
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