Property Lookup
Property Lookup
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
Property profile & analytics

30685 12 Mile Rd Farmington Hills, MI 48334

  • Turn key restaurants
  • 3,292 SF
  • 0.90 lot acres
Value Estimation
Location Intelligence
Property ID
US43-1794144
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Turn key restaurants

Property Details for 30685 12 Mile Rd

Year built
1972
Lot size
0.90 lot acres
Property size
3,292 SF
Zone code
BI
Property type
Turn key restaurants
APN
22-23-14-101-034
APU
222314101034

Description

This vacant, 3,292 square foot restaurant building presents a compelling investment opportunity in Farmington Hills, Michigan. Located at 30685 W 12 Mile Rd, 48334, this property boasts a prime location in a busy retail corridor near Orchard Lake Road and I-696, ensuring high visibility and accessibility. The building, constructed in 1972 and extensively renovated in 2020, features a completely updated interior including a new kitchen and bar, capable of seating over 110 patrons. All furniture, fixtures, and equipment (FF&E) are included in the sale price of $975,000 ($296.17/sq ft). The 0.899-acre lot provides ample parking for 70 vehicles, and the property benefits from prominent monument signage. The B-3 zoning permits restaurant use. Its proximity to two hotels further enhances its potential. This turnkey operation is ideal for owner-users seeking a well-established, fully equipped restaurant in a high-demand area with excellent demographics. The property is currently vacant, allowing for immediate occupancy and customization to suit the new owner's vision.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $290,000
  • CAP approach

    CAP return
    Estimation
    6%
    $370,000
    6.5%
    $365,000
    7%
    $365,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $360,000
    Geo Method
    $370,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $355,000
    Retail
    $355,000
    Mixed-Use
    $285,000
    Hospitality
    $285,000
    Educational
    $370,000
    Residential Income
    $325,000
    Energy
    $345,000
    Income-Based Land
    $290,000
    Food Service
    $345,000

Location Insight

  • Map
  • Local Demand
City
Farmington Hills
County
Oakland
State
Michigan
Longitude
-83.3573
Latitude
42.4988
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$15,464
$137,100
$158,990
$296,090
-
$274,200
$317,980
$592,180
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message