32500 Northwestern Hwy Farmington Hills, MI 48334
- Strip malls
- 17,692 SF
- 1.86 lot acres
Current Use by Public Records
- Strip malls
Property Details for 32500 Northwestern Hwy
- Year built
- 1958
- Lot size
- 1.86 lot acres
- Property size
- 17,692 SF
- Zone code
- BI
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 22-23-02-126-127
- APU
- 222302126127
Description
This exceptional retail opportunity is located at 32500 Northwestern Hwy, Farmington Hills, MI 48334. The Courtyard Shopping Center offers a total of 10,000 square feet of space, with multiple tenancies available. Currently, there are 5,471 square feet of vacant space available for lease, divisible into units as small as 2,281 square feet and offering contiguous space up to a maximum of 3,190 square feet. The property is ideally suited for a variety of retail or office uses. High visibility is ensured by signage opportunities facing the heavily trafficked Northwestern Highway. The center boasts ample parking for customers and employees, providing convenient access for all. This prime location in Farmington Hills offers excellent exposure and accessibility, making it an attractive option for businesses seeking a thriving retail environment. The flexible space options allow for customization to meet individual tenant needs. Don't miss this chance to secure your space in this well-situated shopping center.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $490,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $710,000
- 6.5%
- $705,000
- 7%
- $635,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $595,000
- Geo Method
- $755,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $630,000
- Retail
- $720,000
- Mixed-Use
- $750,000
- Hospitality
- $655,000
- Educational
- $705,000
- Residential Income
- $750,000
- Energy
- $670,000
- Income-Based Land
- $610,000
- Food Service
- $715,000
Location Insight
- Map
- Local Demand
- City
- Farmington Hills
- County
- Oakland
- State
- Michigan
- Longitude
- -83.3512
- Latitude
- 42.5261
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA