Property profile

30685 W 12 Mile Rd Farmington Hills, MI 48334

FOR SALE
Turn key restaurants
Property ID
US43-1794144
3,292 SF 0.9 ac lot Built 1972
Entity Owned 20-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1972
Total area 3,292 SF
Lot 0.9 ac (39,160 SF)
Zoning code BI
APN 22-23-14-101-034
UPID US43-1794144

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Financial Advisor
  • Landscaping General Contractor

Location

30685 W 12 Mile Rd Farmington Hills, MI 48334
Farmington Hills metro Census 166600 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2005
3 recorded transactions
2005
Price N/A
2005
Price N/A
1998
Price N/A

Zoning & alternative use

BI · Farmington Hills, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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