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    32729 Northwestern Hwy Farmington Hills, MI 48334

    Sponsored
    For Lease
    $23 SF/Yr ($14,950 /Mo)

    7,800 SF Retail Space - High Visibility

    Lot size:
    7,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7,800-square-foot retail or restaurant space is ideally situated at 32729 Northwestern Highway in Farmington Hills, Michigan, within Oakland County (zip code 48334). The single-tenant building, constructed in 2010, boasts 87 parking spaces, ensuring ample convenience for customers. The property's B-3 zoning allows for flexible use, making it suitable for a variety of commercial ventures. Previously a restaurant, the space includes existing fixtures and equipment (FF&E), offering a potential head start for new businesses. Its prime location adjacent to a new Holiday Inn Express Hotel and directly in front of a Home Depot guarantees high visibility and significant foot traffic. The surrounding area is thriving, with numerous national retailers and restaurants, creating a strong commercial environment. This location benefits from excellent demographics and a busy traffic corridor, making it an attractive investment opportunity for businesses seeking high exposure and a strong customer base. The property features one single-story building. The entire 7,800 square feet is currently vacant and ready for immediate occupancy.

    Property Features for 32729 Northwestern Hwy

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,800 SF
    Total Rate
    14950

    Building Details

    Year Renovated
    2010
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    7,800 SF
    Rate per SF
    $23

    HighLights

    • 7,800 square feet of available space
    • B‑3 zoning
    • 87 parking spaces
    • 2010 retrofit
    • $23.00/sq. ft. NNN lease rate, $2,895,000 sale price ($371.15/sq. ft.)
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm 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
    Farmington Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3544775
    Latitude
    42.5259143

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    FAQs

    What type of property is this?
    Restaurant - 7,800 SF Retail Space - High Visibility
    Where is this restaurant located?
    The property is located at 32729 Northwestern Hwy Farmington Hills, MI.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: 7,800 square feet of available space; B-3 zoning; 87 parking spaces
    Request Owner's contact information
    32729 Northwestern Hwy 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
    32729 Northwestern Hwy Farmington Hills, MI 48334
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