34420 8th Mile Rd, Farmington, MI 48335-5101
This Farmington Hills, MI retail property, located at 34420 Eight Mile Rd, offers 5,500 square feet of vacant space in a 7,023 square foot strip center. The property boasts a prime location on the northwest corner of Eight Mile Road and Gill Road, ensuring excellent visibility and accessibility. With a total of 58 parking spaces, ample customer parking is readily available. The 1.56-acre lot (67,898 square feet) provides significant space and potential for expansion. Situated in Oakland County, this well-established retail building benefits from its location near the heart of the Farmington Hills business district and enjoys landmark recognition within the community. The property is ideal for businesses seeking high visibility and convenient access for customers. The building has been a retail staple in the community for years, offering established brand recognition and opportunities for engaging signage. This is a unique opportunity to establish or expand your business in a thriving commercial area. The zip code is 48335.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BI · Farmington, MIFarmington. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.