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Property profile & analytics
OFF-MARKET Estimated value $2,600,000
Commercial real estate

29447 Frd Rd Garden City, MI 48135-2319

1.38 ac lot
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US43-0009406
Property summary
AI-generated overview

This exceptional 11,201-square-foot retail property, located at 29447 Ford Rd, Garden City, MI 48135, presents a unique investment opportunity. The single-tenant building, formerly a Rite Aid, sits on a sizable 1.37-acre lot and boasts a convenient location with excellent visibility. Constructed in 2000, the Class C building is zoned CBD, offering significant potential for redevelopment or continued use as a retail space. The property features ample space for various retail uses, given its prior use as a drugstore. The address is easily accessible, situated near the intersection of Ford Road and Middlebelt Road, ensuring high traffic flow and strong visibility for any business. The absence of elevators is noted, but the single-story layout offers easy access and navigation. This property is an ideal investment for those seeking a well-located, sizable retail space in a thriving Michigan community. The substantial lot size provides ample room for expansion or future development, making it a versatile asset with significant long-term potential. The property's history as a successful drugstore demonstrates its suitability for retail operations, while the CBD zoning opens doors to a variety of potential uses. This is a rare opportunity to acquire a significant retail property in a prime Garden City location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.38 ac (60,113 SF)
APN 35 016 01 0029 307
UPID US43-0009406
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
Current use
Occupant on record · Public records
  • CDReload - Online Bitcoin ATM Crypto Atm Atm
  • Rite Aid Pharmacy
  • Rite Aid Pharmacy Pharmacy
  • higi Physician
  • Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.60M
Owner & transaction history
Mip Capital LLC · 4 yrs held
Mip Capital LLC
since 2022
Last sale
$2.6M
1 recorded transaction
2022
$2.9M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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