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107 Kercheval Ave Grosse Pointe Farms, MI 48236-3618

OFF-MARKET Drug stores Google Maps
10,000 SF 0.23 ac lot Built 1949
Individually Owned Free & Clear
Estimated value (blended)
$1.17M
Range $1.05M – $1.29M (±10%)
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

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

Zoning & alternative use

Top alternative use upside
Commercial (general) $915,000 +32.1%
Restaurant $910,000 +32.1%
Neighborhood: shopping center $760,000 +9.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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