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    34420 8 Mile Rd Farmington Hills, MI 48335

    Sponsored
    For Lease
    Contact for pricing

    High-visibility retail space available.

    Lot size:
    7,023 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This Farmington Hills, MI retail property, located at 34420 Eight Mile Rd, offers 5,500 square feet of vacant space in a 7,023 square foot strip center. The property boasts a prime location on the northwest corner of Eight Mile Road and Gill Road, ensuring excellent visibility and accessibility. With a total of 58 parking spaces, ample customer parking is readily available. The 1.56-acre lot (67,898 square feet) provides significant space and potential for expansion. Situated in Oakland County, this well-established retail building benefits from its location near the heart of the Farmington Hills business district and enjoys landmark recognition within the community. The property is ideal for businesses seeking high visibility and convenient access for customers. The building has been a retail staple in the community for years, offering established brand recognition and opportunities for engaging signage. This is a unique opportunity to establish or expand your business in a thriving commercial area. The zip code is 48335.

    Property Features for 34420 8 Mile Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,023 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    5,500 SF

    HighLights

    • Negotiable lease rate.
    • Two‑unit property.
    • 1.56‑acre lot.
    • 7,000 square foot building.
    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
    Farmington Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3858508
    Latitude
    42.44112

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    FAQs

    What type of property is this?
    Neighborhood center - High-visibility retail space available.
    Where is this neighborhood center located?
    The property is located at 34420 8 Mile Rd Farmington Hills, MI.
    What are key features of this property?
    This property features: Negotiable lease rate.; Two-unit property.; 1.56-acre lot.
    Request Owner's contact information
    34420 8 Mile Rd Farmington Hills, MI 48335
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    Farmington Hills, MI 48335
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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
    34420 8 Mile Rd Farmington Hills, MI 48335
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