29901 Frd Rd Garden City, MI 48135-2321
- Retail space
- 10,880 SF
- 0.76 lot acres
Current Use by Public Records
- Happy home furniture / Furniture Store
- Garden City Claim Adjuster / Loss Adjuster
Property Details for 29901 Frd Rd
- Year built
- 1997
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.76 lot acres
- Property size
- 10,880 SF
- Property type
- Retail space
- APN
- 35 016 01 0017 000
- APU
- 35016010017000
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,600,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,725,000
- 6.5%
- $1,515,000
- 7%
- $1,505,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,560,000
- Geo Method
- $1,490,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,565,000
- Retail
- $1,650,000
- Mixed-Use
- $1,560,000
- Hospitality
- $1,830,000
- Educational
- $1,550,000
- Residential Income
- $1,380,000
- Energy
- $1,715,000
- Income-Based Land
- $1,595,000
- Food Service
- $1,875,000
Location Insight
- Map
- Local Demand
- City
- Garden City
- County
- Wayne
- State
- Michigan
- Longitude
- -83.336
- Latitude
- 42.325
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
