25710 Eight Mile Rd Southfield, MI 48336
- Retail properties
- 3,000 SF
Current Use by Public Records
- Retail properties
Property Details for 25710 Eight Mile Rd
- Property size
- 3,000 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional 3,000 square foot storefront, located at 25710 W 8 Mile Rd in Farmington Hills, Michigan (zip code 48336), presents a lucrative investment opportunity. Currently operating at 100% occupancy under a gross lease with three years remaining, this single-tenant property boasts a strong cap rate of 8.50%. The asking price is $360,000. The building, formerly a State Farm office, enjoys a highly visible location on Eight Mile Road, providing excellent exposure to significant traffic volume. Its strategic position offers easy access to major thoroughfares including I-96 and M-5, as well as proximity to Corewell Health Farmington Hills, ensuring a consistent flow of potential customers. The property is adaptable, with the potential to be divided into two separate units, offering flexibility for future tenants or expansion opportunities. The current lease rate is $13.00 per square foot, modified gross. This turnkey investment is ideal for discerning buyers seeking a stable, high-performing asset in a desirable location. The property's size and location make it an attractive option for a variety of retail businesses. Oakland County's robust economy further enhances the investment potential of this exceptional storefront.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Southfield
- County
- Oakland
- State
- Michigan
- Longitude
- -83.3217
- Latitude
- 42.4421
