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Property profile

35103 Grand River Ave Farmington, MI 48335

Super regional malls
Property ID
US43-1736174
View Sample
38,610 SF 3.61 ac lot Built 1973
Entity Owned 14-yr Hold Absentee Owner Free & Clear

Property summary

AI-generated overview

Drakeshire Plaza, a well-maintained Class B shopping center, presents a prime retail investment opportunity on Grand River Avenue in Oakland County. This established center boasts three single-story buildings, totaling multiple spaces available for lease, ranging from 1,200 to 2,800 square feet. Built in 1998 and extensively renovated in 2013, the property benefits from a high-traffic location at the intersection of Grand River Avenue and Drake Road, experiencing a daily traffic count of 20,300 vehicles. The zoning is COMMERCIAL, ensuring flexibility for a variety of retail and restaurant uses. The property's multiple tenancy structure provides a diverse tenant mix, contributing to a stable and attractive investment. This is an excellent chance to secure space in a well-established center with significant foot traffic and visibility in a thriving commercial area. The property's recent renovations ensure modern amenities and a visually appealing environment for tenants and customers alike. The convenient location and established presence make this an ideal opportunity for businesses seeking high visibility and accessibility. Interested parties should inquire about available space and lease terms.

Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1973
Total area 38,610 SF
Lot 3.61 ac (157,252 SF)
Zoning code C2
APN 20-23-28-101-010
UPID US43-1736174

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
  • Take-out & Catering

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.10M

Owner & transaction history

since 2012
3 recorded transactions
2012
Price N/A
2008
$5.0M
2001
Price N/A

Zoning & alternative use

C2 · Farmington, MI
General category COMMERCIAL

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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