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2051 N Wixom Rd Wixom, MI 48393

Outlet malls Google Maps
45,464 SF 5.31 ac lot Built 2000
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$4.95M
Range $4.46M – $5.45M (±10%)
Property ID US43-0673735

Property summary

AI-generated overview

North Park Plaza, located at 2051 N Wixom Rd in Wixom, Michigan (48393), offers exceptional retail space within a thriving strip center. This 44,000 square foot property boasts a fantastic location at the southwest corner of Wixom and Loon Lake Road, ensuring high visibility and accessibility. The center is currently home to established businesses such as Dollar Tree, Marcos Pizza, and Fit Body Boot Camp, creating a strong tenant mix and a vibrant atmosphere. Available spaces range from 1,500 to 8,000 square feet and 7,000 to 14,000 square feet, providing flexibility for various retail, office, or medical users. Ample parking is available, along with smooth ingress and egress, ensuring convenient access for customers and employees. This prime location in Oakland County offers excellent opportunities for businesses seeking high traffic and a strong community presence. The property's strategic placement and existing successful tenants make it an ideal investment for businesses looking to establish or expand their presence in the Wixom market. Contact us today to learn more about the available spaces and leasing options.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2000
Total area 45,464 SF
Lot 5.31 ac (231,304 SF)
Zoning code B-2
APN 96-17-30-200-015
UPID US43-0673735

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.46M
Blend (final) Blend
$4.95M

Owner & transaction history

since 2024
7 recorded transactions
2024
Price N/A
2018
Price N/A
2017
Price N/A
2011
$1.1M
2011
Price N/A
2004
Price N/A
2004
$4.0M

Zoning & alternative use

B-2 · Wixom, MI
Zoning description

The B-2 community business district is designed to cater to the needs of a larger consumer population than is served by the local business district, including nearby residential areas and other neighborhoods in the commu…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $8.0M +4.4%
Restaurant $7.9M +2.6%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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