29820 9th Mile Rd Farmington Hills, MI 48336-4808
- Auto shops
- 3,147 SF
- 0.40 lot acres
Current Use by Public Records
- Auto shops
Property Details for 29820 9th Mile Rd
- Year built
- 1950
- Lot size
- 0.40 lot acres
- Property size
- 3,147 SF
- Zone code
- II
- Property type
- Auto shops
- APN
- 22-23-26-482-001
- APU
- 222326482001
Description
This exceptional commercial property, located at 29820 W 9 Mile Road in Farmington Hills, Michigan, presents a unique investment opportunity. Priced at $269,000, the property encompasses two buildings situated on a substantial lot measuring approximately 315 x 154 x 350 feet. The larger building boasts 2,400 square feet of space, featuring 40 x 60 foot dimensions, two overhead doors, and 18-foot ceilings. Recent improvements include a newer roof and gutters. While the interior requires finishing to suit a specific use, the structure offers significant potential. The second building adds 767 square feet of usable space with an open floor plan. The property's zoning allows for a variety of uses, including auto repair, car wash, detailing, storage, and potentially a used car lot. Its prime location at the busy intersection of 9 Mile and Shiawasse Roads offers excellent visibility and accessibility. The property benefits from its proximity to a major shopping center anchored by Target, Edge Fitness Club, and Dunham's Sports, ensuring high traffic volume and customer exposure. The total square footage of both buildings is 3,147 square feet. All dimensions are approximate. This property is ideal for an investor seeking a versatile commercial space in a thriving location. The property is located in Oakland County, Michigan, zip code 48336.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $245,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $270,000
- 6.5%
- $265,000
- 7%
- $240,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $255,000
- Geo Method
- $280,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $300,000
- Retail
- $245,000
- Mixed-Use
- $310,000
- Hospitality
- $240,000
- Educational
- $270,000
- Residential Income
- $250,000
- Energy
- $260,000
- Income-Based Land
- $290,000
- Food Service
- $310,000
Location Insight
- Map
- Local Demand
- City
- Farmington Hills
- County
- Oakland
- State
- Michigan
- Longitude
- -83.3415
- Latitude
- 42.4563
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
