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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

13550 9 Mile Rd Oak Park, MI 48237

13,802 SF 1 ac lot Built 2000
Property ID
Property summary
AI-generated overview

This exceptional 13,802-square-foot freestanding retail building, formerly a Walgreens, presents a unique investment opportunity in Oak Park, Michigan. Located at 13550 W Nine Mile Rd, this single-tenant property boasts a convenient drive-thru and sits on a 1-2 acre lot in a mixed-use downtown zoning area. Constructed in 2000, the building is vacant and offers a net lease opportunity with zero remaining lease term. The property enjoys a prime location at the intersection of Coolidge and 9 Mile Roads, a signalized hard corner with excellent ingress and egress, and benefits from exceptionally high traffic counts exceeding 44,875 vehicles per day. This location is strategically positioned just 1.3 miles west of Ascension Hospital, a 568-bed facility. The surrounding area features a strong concentration of national retailers, including a 24-hour CVS, Family Dollar, Dollar Tree, Tim Hortons, O'Reilly Auto Parts, Citizens Bank, and Valvoline, ensuring high visibility and foot traffic. Furthermore, the property benefits from exceptional demographics, with an average household income exceeding $76,610 and a population of over 367,628 within a 5-mile radius. This presents a compelling opportunity for a variety of retail uses. The property's size, location, and existing infrastructure make it an ideal candidate for redevelopment or repositioning.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2000
Total area 13,802 SF
Lot 1 ac (43,560 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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