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    31519 12 Mile Rd Farmington Hills, MI 48334

    Sponsored
    For Sale
    $3,500,000

    Upscale Chinese Restaurant, Prime Location

    Property size:
    8,108 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional investment opportunity presents a beautifully renovated, freestanding Class A restaurant building in Farmington Hills, Michigan. Located at 31519 W 12 Mile Rd, this 8,108 square foot, two-story property sits on a 24,742 square foot lot and boasts prominent monument signage on a high-traffic road, just west of Orchard Lake Road and across from a Starbucks. The building, originally constructed in 1995 and completely renovated in 2022, features an elevator and an outdoor patio. Currently occupied by a high-end Chinese restaurant operating at 100% occupancy, the property is offered as a net lease investment with a sale price of $3,500,000 ($431.67 per square foot). The single-tenant building is zoned for commercial use and benefits from excellent freeway access and proximity to numerous amenities, including other restaurants and banks. The current tenant is seeking a new long-term lease with the new owner, providing a stable income stream for the investor. The property's APN is 2315201271. This is a turnkey opportunity to acquire a high-quality, well-located restaurant property in a thriving market. The property's previous name was Tribute Restaurant.

    Property Features for 31519 12 Mile Rd

    General Information

    Property type
    Restaurants
    Square Feet
    8,108 SF
    Class
    A

    Building Details

    Year Built/Renovated
    1995/2022
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • Class A, 8,108 SF freestanding restaurant building in Farmington Hills, MI, on a 24,742 SF lot.
    • Located at 31519 W 12 Mile Rd, with prominent monument signage on a high‑traffic road, near Orchard Lake Rd and a Starbucks.
    • Completely renovated in 2022, featuring an elevator and outdoor patio; currently 100% occupied by a high‑end Chinese restaurant.
    • Offered as a net lease investment for $3,500,000 ($431.67/SF); tenant seeking a new long‑term lease.
    • APN: 2315201271; Excellent freeway access and proximity to amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmington Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.359666715877
    Latitude
    42.498883248969

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    FAQs

    What type of property is this?
    Restaurant - Upscale Chinese Restaurant, Prime Location
    Where is this restaurant located?
    The property is located at 31519 12 Mile Rd Farmington Hills, MI.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: Class A, 8,108 SF freestanding restaurant building in Farmington Hills, MI, on a 24,742 SF lot.; Located at 31519 W 12 Mile Rd, with prominent monument signage on a high-traffic road, near Orchard Lake Rd and a Starbucks.; Completely renovated in 2022, featuring an elevator and outdoor patio; currently 100% occupied by a high-end Chinese restaurant.
    Request Owner's contact information
    31519 12 Mile Rd Farmington Hills, MI 48334
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    Farmington Hills, MI 48334
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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
    31519 12 Mile Rd Farmington Hills, MI 48334
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