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    30685 12 Mile Rd Farmington Hills, MI 48334

    Sponsored
    For Sale
    $975,000

    Turnkey Restaurant, Fully Equipped, High Traffic Area

    Property size:
    3,292 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This vacant, 3,292 square foot restaurant building presents a compelling investment opportunity in Farmington Hills, Michigan. Located at 30685 W 12 Mile Rd, 48334, this property boasts a prime location in a busy retail corridor near Orchard Lake Road and I-696, ensuring high visibility and accessibility. The building, constructed in 1972 and extensively renovated in 2020, features a completely updated interior including a new kitchen and bar, capable of seating over 110 patrons. All furniture, fixtures, and equipment (FF&E) are included in the sale price of $975,000 ($296.17/sq ft). The 0.899-acre lot provides ample parking for 70 vehicles, and the property benefits from prominent monument signage. The B-3 zoning permits restaurant use. Its proximity to two hotels further enhances its potential. This turnkey operation is ideal for owner-users seeking a well-established, fully equipped restaurant in a high-demand area with excellent demographics. The property is currently vacant, allowing for immediate occupancy and customization to suit the new owner's vision.

    Property Features for 30685 12 Mile Rd

    General Information

    Property type
    Restaurants
    Square Feet
    3,292 SF
    Lot Size
    39,160 SF

    Building Details

    Year Built/Renovated
    1972/2020
    Units
    1

    HighLights

    • Fully equipped, freestanding restaurant building.
    • Seats 110+ patrons.
    • Completely remodeled in 2020.
    • Prime retail location at Orchard Lake Rd/12 Mile Rd in Farmington Hills, MI.
    • Ample parking (70 spaces) with monument signage.
    • Easy access to I‑696.
    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 Dental Office 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
    -83.3570243
    Latitude
    42.4989232

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    FAQs

    What type of property is this?
    Restaurant - Turnkey Restaurant, Fully Equipped, High Traffic Area
    Where is this restaurant located?
    The property is located at 30685 12 Mile Rd Farmington Hills, MI.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: Fully equipped, freestanding restaurant building.; Seats 110+ patrons.; Completely remodeled in 2020.
    Request Owner's contact information
    30685 12 Mile Rd 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

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    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
    30685 12 Mile Rd Farmington Hills, MI 48334
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