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    29505 9 Mile Rd Farmington Hills, MI 48336

    Sponsored
    For Lease
    $15 SF/Yr

    1,200 SF Retail Space in Prime Location

    Lot size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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 Features for 29505 9 Mile Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1 SF
    Class
    B
    Total Rate
    1.29

    Building Details

    Year Renovated
    2016
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    1,400 SF
    Rate per SF
    $15

    HighLights

    • Last available retail space.
    • Retail space in a strip center.
    • Excellent signage opportunities.
    • High daily traffic count of 13,879 vehicles.
    • Ample parking with 100 spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmington Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3379838
    Latitude
    42.4556523

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    FAQs

    What type of property is this?
    Neighborhood center - 1,200 SF Retail Space in Prime Location
    Where is this neighborhood center located?
    The property is located at 29505 9 Mile Rd Farmington Hills, MI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Last available retail space.; Retail space in a strip center.; Excellent signage opportunities.
    Request Owner's contact information
    29505 9 Mile Rd Farmington Hills, MI 48336
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    Farmington Hills, MI 48336
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    29505 9 Mile Rd Farmington Hills, MI 48336
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