Technical
Financial
Distress signals
Property profile

36865 26th Mile Rd Lenox, MI 48048

OFF-MARKET
Outlet malls
Property ID
US43-0961454
210,688 SF 22.79 ac lot Built 2007
Entity Owned 17-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional retail leasing opportunity offers prime, front-of-store locations within high-traffic Meijer stores across the Midwest. Two spaces are available, ranging from 601 to 765 square feet, with a total of 1,366 vacant square feet in a multi-tenant building. These strategically placed spaces provide unparalleled visibility and access to thousands of weekly customers. The all-inclusive monthly fee covers real estate taxes, property insurance, common area maintenance (CAM), and utilities. Opportunities for both interior and exterior branding and signage are available. Located in thriving trade areas with desirable demographics, these spaces are ideal for a variety of businesses, including financial institutions, food and beverage establishments, service businesses, and health and wellness providers. The property is situated in Macomb County and presents a unique chance to establish a presence in a well-known retail destination. The spaces are perfect for businesses seeking high foot traffic and exposure within a busy retail environment. This "Store-Within-A-Store" concept offers a turnkey solution for businesses looking to expand their reach and benefit from the established customer base of a major retailer.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2007
Total area 210,688 SF
Lot 22.79 ac (992,863 SF)
Zoning code CG
APN 19-06-36-300-019
UPID US43-0961454

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
  • Discount Store Party Supply Store
  • Pharmacy
  • Specialty Food Shop Supermarket
  • Bank Credit Union
  • Physician

Location

36865 26th Mile Rd Lenox, MI 48048-3163
Lenox metro Census 218002 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$21.98M
Blend (final) Blend
$330k

Owner & transaction history

Zoning & alternative use

CG · Lenox, MI
Top alternative use upside
Restaurant $29.9M +35.9%
Medical building $25.9M +17.7%

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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