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    OFF-MARKET
    Neighborhood centers

    38215 Mile Rd, Farmington Hills, MI 48335

    12,575 SF Built 1973
    Property ID
    Property summary
    AI-generated overview

    Invest in this prime Farmington Hills, Michigan medical office space at Freeway Plaza. This single-story, 12,575 square foot building, situated on a 5-acre lot at the crossroads of Novi and Farmington Hills, offers multiple tenancy options. Two suites are currently available, ranging from 1,036 to 2,028 contiguous square feet, with a total of 3,064 square feet currently vacant. The building boasts 200 parking spaces and is conveniently located on 10 Mile Road, near West 10 Mile Rd and Haggerty Rd, ensuring high visibility and accessibility for patients and staff. Built in 1973, this B-3 zoned property (APN 23-30-127-038) in the Farmington submarket is surrounded by thriving businesses and residential areas, creating a strong customer base. A prominent monument sign is included with lease. Current tenants include diverse businesses such as restaurants, a salon, and an auto sales business, creating a vibrant and well-established community. This property presents a unique opportunity for medical professionals seeking a well-located, established space in a high-traffic area of South East Oakland County, Michigan, with a zip code of 48335.

    Property profile
    Verified
    Property type Neighborhood centers
    Year built 1973
    Total area 12,575 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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