29505 9 Mile Rd Farmington Hills, MI 48336
- Strip malls
- 14,224 SF
- 1.59 lot acres
Current Use by Public Records
- Strip malls
Property Details for 29505 9 Mile Rd
- Year built
- 1975
- Lot size
- 1.59 lot acres
- Property size
- 14,224 SF
- Zone code
- BI
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 22-23-35-227-007
- APU
- 222335227007
Description
This exceptional retail space, located at 29505-29541 W Nine Mile Rd in Farmington Hills, Michigan 48336, offers 1,200 square feet of versatile space within a Class B, single-story strip center. The property boasts a total of 100 parking spaces, ensuring ample convenience for customers. Built in 2016 and renovated in the same year, the building is well-maintained and ready for immediate occupancy. The space is currently configured as an Herbalife Juice Bar, with all fixtures, furniture, and equipment (FFE) included, presenting a turnkey opportunity for a similar business or a creative entrepreneur seeking a move-in ready solution. The zoning is designated as Retail, and the property is conveniently located near the intersection of W Nine Mile Rd and Middlebelt Rd, providing excellent visibility and accessibility. The minimum divisible space is 1,200 square feet, and the maximum contiguous space available is also 1,200 square feet. This presents a unique opportunity for a single tenant to occupy the entire available space. The property consists of one building with a total of one suite. Serious inquiries are encouraged to explore this exceptional retail opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $400,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $450,000
- 6.5%
- $460,000
- 7%
- $460,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $435,000
- Geo Method
- $430,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $480,000
- Retail
- $500,000
- Mixed-Use
- $415,000
- Hospitality
- $535,000
- Educational
- $485,000
- Residential Income
- $445,000
- Energy
- $555,000
- Income-Based Land
- $490,000
- Food Service
- $425,000
Location Insight
- Map
- Local Demand
- City
- Farmington Hills
- County
- Oakland
- State
- Michigan
- Longitude
- -83.3384
- Latitude
- 42.4557
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA