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    FOR LEASE
    Strip malls

    29505 W 9 Mile Rd, Farmington Hills, MI 48336

    14,224 SF 1.59 ac lot Built 1975
    Entity Owned 11-yr Hold Free & Clear
    Property ID
    US43-1850964
    29505 W 9 Mile Rd, Farmington Hills, MI 48336 For Lease
    $14 SF/Yr
    29505 W 9 Mile Rd, Farmington Hills, MI 48336
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    Property summary
    AI-generated overview

    This exceptional retail space, located at 29505-29541 W Nine Mile Rd in Farmington Hills, Michigan 48336, offers 1,200 square feet of versatile space within a Class B, single-story strip center. The property boasts a total of 100 parking spaces, ensuring ample convenience for customers. Built in 2016 and renovated in the same year, the building is well-maintained and ready for immediate occupancy. The space is currently configured as an Herbalife Juice Bar, with all fixtures, furniture, and equipment (FFE) included, presenting a turnkey opportunity for a similar business or a creative entrepreneur seeking a move-in ready solution. The zoning is designated as Retail, and the property is conveniently located near the intersection of W Nine Mile Rd and Middlebelt Rd, providing excellent visibility and accessibility. The minimum divisible space is 1,200 square feet, and the maximum contiguous space available is also 1,200 square feet. This presents a unique opportunity for a single tenant to occupy the entire available space. The property consists of one building with a total of one suite. Serious inquiries are encouraged to explore this exceptional retail opportunity.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1975
    Total area 14,224 SF
    Lot 1.59 ac (69,086 SF)
    Zoning code BI
    APN 22-23-35-227-007
    UPID US43-1850964
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $400k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $655k
    Owner & transaction history
    Chuang Sheng LLC · 11 yrs held
    Chuang Sheng LLC
    since 2014
    4 recorded transactions
    2014
    $435,000
    2013
    1969
    1969
    Zoning & alternative use
    BI · Farmington Hills, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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