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Property profile & analytics
OFF-MARKET
Retail space

10800 9th Mile Rd Oak Park, MI 48237-2947

4,976 SF 0.26 ac lot Built 1951
Entity Owned 3-yr Hold Free & Clear
Property ID
US43-0910544
Property summary
AI-generated overview

This exceptional 4,967 square foot neighborhood retail center, situated at 10800 W 9 Mile Rd in Oakland County, offers two immediately available retail spaces. The property, built in 1951, is a single-story, Class C strip center zoned B1 Local Business (APN: 25-29-451-037). Two suites are ready for occupancy, measuring 1,460 and 1,600 square feet respectively, with a total of 3,060 square feet currently vacant. The property boasts ample parking with 18 spaces available for customers and tenants. Both suites are delivered in "white-box" condition, providing flexibility for tenant build-outs, and feature newly installed flooring. Highly competitive lease rates are available, with flexible lease terms ranging from 3 to 10 years. This presents a unique opportunity for businesses seeking a well-located retail space with attractive lease terms in a thriving community. The minimum divisible space is 1,460 square feet, while the maximum contiguous space available is 1,600 square feet. This property is ideal for a variety of retail uses.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1951
Total area 4,976 SF
Lot 0.26 ac (11,326 SF)
Zoning code B-1
APN 52-25-29-451-037
UPID US43-0910544
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
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
10800 W 9 Mile LLC · 3 yrs held
10800 W 9 Mile LLC
since 2022
Last sale
$350,000
3 recorded transactions
2022
$350,000
2019
Price N/A
2004
Price N/A
Zoning & alternative use
B-1 · Oak Park, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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