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    FOR LEASE
    Super regional malls

    35103 Grand River Ave, Farmington, MI 48335

    38,610 SF 3.61 ac lot Built 1973
    Entity Owned 14-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1736174
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Hungry Howie's Pizza 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
    $1.80M
    Owner & transaction history
    Dic Properties LLC · 14 yrs held
    Dic Properties LLC
    since 2012
    3 recorded transactions
    2012
    2008
    $5.0M
    2001
    Zoning & alternative use
    C2 · Farmington, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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