Current Use by Public Records
- Lifestyle centers
Property Details for 0 2 Grocery Stores In
- Year built
- 1941
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
Exceptional opportunity to acquire two established grocery stores in Farmington Hills, MI, operating successfully for over 26 years under the same family ownership. This turnkey package includes two stores totaling 14,000 net rentable square feet, ranging from 5,808 to 8,192 square feet individually. Store #1 boasts 8,192 square feet, employs 18-20 people, includes a liquor license, and features recently updated equipment including new produce cases (2018) and eight compressors replaced within the last five years. Its equipment inventory includes two bandsaws, three slicers, a large grinder, and a double convection oven, along with a floor cleaning machine. Store #2, at 5,808 square feet, employs 10-12 people and includes a bandsaw, two slicers, a large grinder, a single convection oven, and a gas stove. Both stores share consistent operating hours: Monday-Saturday 9 am-6 pm and Sunday 10 am-2 pm. The asking price of $4,399,999 also encompasses a 1,152-square-foot house situated behind one of the stores and a separate 435-square-foot building offering additional rental income potential. This is a rare chance to own a well-established, profitable business with significant growth potential in a desirable Michigan location. The property was built in 1941.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Farmington Hills
- County
- Oakland
- State
- Michigan
- Longitude
- -83.3469
- Latitude
- 42.5049
