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    107 Kercheval Ave Grosse Pointe Farms, MI 48236

    Sponsored
    For Lease
    $30 SF/Yr

    Prime 10,000 SF Retail Opportunity

    Lot size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10,000-square-foot retail space is available for lease at 107 Kercheval Ave in the desirable Grosse Pointe Farms, Michigan. Located in Wayne County, this single-tenant property sits on a 0.23-acre lot and is zoned B-1 (Local Business District), offering significant potential for a variety of commercial uses. The entire building is currently vacant, presenting a unique opportunity for a business to establish a prominent presence in this thriving community. The property's ample square footage allows for flexible layout options to suit diverse business needs. Its strategic location on Kercheval Avenue ensures high visibility and accessibility for customers. The B-1 zoning designation opens doors to a wide range of permitted commercial activities, making it an ideal location for businesses seeking a high-traffic area with strong community engagement. This property offers a rare chance to secure a substantial retail space in a prime Grosse Pointe Farms location. The 48236 zip code offers easy access to major roadways and a strong residential base. Serious inquiries are encouraged to explore the possibilities this exceptional property presents. The property is ready for immediate occupancy.

    Property Features for 107 Kercheval Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,000 SF
    Total Rate
    25000

    Unit(s) available at that property

    Space
    Space Available
    Size
    10,000 SF
    Rate per SF
    $30

    HighLights

    • Prime Grosse Pointe Farms "Hill" location, surrounded by diverse businesses.
    • Ample metered street parking and nearby municipal lot provide convenient access.
    • Separate pathway enhances visibility and accessibility via multiple building entrances.
    • High‑density area with over 35,000 residents within 2 miles, boasting average household incomes exceeding $135,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Grosse Pointe Farms
    County
    Wayne
    State
    Michigan
    Longitude
    -82.9029611
    Latitude
    42.3956532

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    FAQs

    What type of property is this?
    Retail property - Prime 10,000 SF Retail Opportunity
    Where is this retail property located?
    The property is located at 107 Kercheval Ave Grosse Pointe Farms, MI.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: Prime Grosse Pointe Farms "Hill" location, surrounded by diverse businesses.; Ample metered street parking and nearby municipal lot provide convenient access.; Separate pathway enhances visibility and accessibility via multiple building entrances.
    Request Owner's contact information
    107 Kercheval Ave Grosse Pointe Farms, MI 48236
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    Grosse Pointe Farms, MI 48236
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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
    107 Kercheval Ave Grosse Pointe Farms, MI 48236
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