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    FOR LEASE
    Turn key restaurants

    32729 Northwestern Hwy, Farmington Hills, MI 48334

    7,503 SF 1.51 ac lot Built 1992
    Entity Owned 14-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-2930410
    Property summary
    AI-generated overview

    This exceptional 7,800-square-foot retail or restaurant space is ideally situated at 32729 Northwestern Highway in Farmington Hills, Michigan, within Oakland County (zip code 48334). The single-tenant building, constructed in 2010, boasts 87 parking spaces, ensuring ample convenience for customers. The property's B-3 zoning allows for flexible use, making it suitable for a variety of commercial ventures. Previously a restaurant, the space includes existing fixtures and equipment (FF&E), offering a potential head start for new businesses. Its prime location adjacent to a new Holiday Inn Express Hotel and directly in front of a Home Depot guarantees high visibility and significant foot traffic. The surrounding area is thriving, with numerous national retailers and restaurants, creating a strong commercial environment. This location benefits from excellent demographics and a busy traffic corridor, making it an attractive investment opportunity for businesses seeking high exposure and a strong customer base. The property features one single-story building. The entire 7,800 square feet is currently vacant and ready for immediate occupancy.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1992
    Total area 7,503 SF
    Lot 1.51 ac (65,601 SF)
    APN 22-23-02-178-004
    UPID US43-2930410
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $702k
    Blend (final) Blend
    $775k
    Owner & transaction history
    Nwh Holdings LLC · 14 yrs held
    Nwh Holdings LLC
    since 2012
    3 recorded transactions
    2012
    $2.1M
    2008
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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