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Property profile & analytics
FOR LEASE
Retail space

29901 Ford Rd Garden City, MI 48135

10,880 SF 0.76 ac lot Built 1997
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US43-1079658
Property summary
AI-generated overview

This exceptional 10,880 square foot retail space, formerly a CVS Pharmacy, presents a remarkable opportunity for businesses seeking high visibility and strong foot traffic. Located at 29901 Ford Road in Garden City, Michigan, this single-tenant property sits on a 1.25-acre lot in the heart of a thriving retail area. The building has undergone a complete renovation, resulting in a modern and attractive space ready for immediate occupancy. Its prime location on heavily traveled Ford Road, at a hard signalized intersection, ensures maximum exposure to potential customers. The property benefits from ample on-site parking, further enhancing its appeal. This location is strategically positioned adjacent to ALDI and other national retailers, creating a synergistic environment within a vibrant shopping hub. The property's 10,880 square feet of vacant space offers significant flexibility for a variety of retail uses. Wayne County's strong economic base and the high density of the surrounding area contribute to a robust customer base. This is an exceptional opportunity to establish a business in a high-demand location with significant potential for success. The property's zip code is 48135.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1997
Construction CONCRETE BLOCKS
Total area 10,880 SF
Lot 0.76 ac (33,106 SF)
APN 35 016 01 0017 000
UPID US43-1079658
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
  • Happy home furniture Furniture & Home Goods Home Decor Store
  • Garden City Claim Adjuster Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.60M
CAP Approach CAP
$1.59M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.60M
Owner & transaction history
Barake LLC · 1 yrs held
Barake LLC
since 2024
Last sale
$1.6M
2 recorded transactions
2024
$1.6M
2021
$825,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $2.5M +20.7%
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