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    10800 Nine Mile Rd Oak Park, MI 48237

    Sponsored
    For Lease
    $13 SF/Yr ($5,774 /Mo)

    Two Suites Available, Prime Location

    Lot size:
    4,967 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4,967 square foot neighborhood retail center, situated at 10800 W 9 Mile Rd in Oakland County, offers two immediately available retail spaces. The property, built in 1951, is a single-story, Class C strip center zoned B1 Local Business (APN: 25-29-451-037). Two suites are ready for occupancy, measuring 1,460 and 1,600 square feet respectively, with a total of 3,060 square feet currently vacant. The property boasts ample parking with 18 spaces available for customers and tenants. Both suites are delivered in "white-box" condition, providing flexibility for tenant build-outs, and feature newly installed flooring. Highly competitive lease rates are available, with flexible lease terms ranging from 3 to 10 years. This presents a unique opportunity for businesses seeking a well-located retail space with attractive lease terms in a thriving community. The minimum divisible space is 1,460 square feet, while the maximum contiguous space available is 1,600 square feet. This property is ideal for a variety of retail uses.

    Property Features for 10800 Nine Mile Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,967 SF
    Class
    C
    Total Rate
    5774.14

    Building Details

    Year Built
    1951
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 10810
    Size
    1,460 SF
    Rate per SF
    $13
    Space
    Suite 10820
    Size
    1,600 SF
    Rate per SF
    $13

    HighLights

    • 4,967 SF neighborhood retail strip center with two available suites totaling 3,060 SF.
    • Highly competitive lease rates.
    • Flexible lease terms (3‑10 year options).
    • Ample on‑site parking (18 spaces).
    • Suites available in white‑box condition.
    • New flooring recently installed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Oak Park
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1708729
    Latitude
    42.4600935

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    FAQs

    What type of property is this?
    Neighborhood center - Two Suites Available, Prime Location
    Where is this neighborhood center located?
    The property is located at 10800 Nine Mile Rd Oak Park, MI.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: 4,967 SF neighborhood retail strip center with two available suites totaling 3,060 SF.; Highly competitive lease rates.; Flexible lease terms (3-10 year options).
    Request Owner's contact information
    10800 Nine Mile Rd Oak Park, MI 48237
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    Oak Park, MI 48237
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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
    10800 Nine Mile Rd Oak Park, MI 48237
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