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    OFF-MARKET Estimated value $1,170,000
    Drug stores

    107 Kercheval Ave, Grosse Pointe Farms, MI 48236-3618

    10,000 SF 0.23 ac lot Built 1949
    Individually Owned Free & Clear
    Property ID
    US43-0623111
    Property summary
    AI-generated overview

    This exceptional 10,000-square-foot retail space is available for lease at 107 Kercheval Ave in the desirable Grosse Pointe Farms, Michigan. Located in Wayne County, this single-tenant property sits on a 0.23-acre lot and is zoned B-1 (Local Business District), offering significant potential for a variety of commercial uses. The entire building is currently vacant, presenting a unique opportunity for a business to establish a prominent presence in this thriving community. The property's ample square footage allows for flexible layout options to suit diverse business needs. Its strategic location on Kercheval Avenue ensures high visibility and accessibility for customers. The B-1 zoning designation opens doors to a wide range of permitted commercial activities, making it an ideal location for businesses seeking a high-traffic area with strong community engagement. This property offers a rare chance to secure a substantial retail space in a prime Grosse Pointe Farms location. The 48236 zip code offers easy access to major roadways and a strong residential base. Serious inquiries are encouraged to explore the possibilities this exceptional property presents. The property is ready for immediate occupancy.

    Property profile
    Verified
    Property type Drug stores
    Use group DRUG STORE, PHARMACY
    Year built 1949
    Total area 10,000 SF
    Lot 0.23 ac (10,019 SF)
    APN 38 014 01 0197 001
    UPID US43-0623111
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.13M
    Blend (final) Blend
    $1.17M
    Owner & transaction history
    RITE AID 4368
    RITE AID 4368
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $915,000 +32.1%
    Restaurant $910,000 +32.1%
    Neighborhood: shopping center $760,000 +9.7%
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