29447 Frd Rd Garden City, MI 48135-2319
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.