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    Property profile & analytics
    OFF-MARKET Estimated value $21,980,000
    Outlet malls

    36865 26th Mile Rd, Lenox, MI 48048-3163

    210,688 SF 22.79 ac lot Built 2007
    Entity Owned 17-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-0961454
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • TNT Fireworks Discount Store Party Supply Store
    • Meijer Pharmacy Pharmacy
    • Meijer Specialty Food Shop Supermarket
    • Western Union Bank Credit Union
    • higi Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $21.98M
    Blend (final) Blend
    $21.98M
    Owner & transaction history
    MEIJER INC
    MEIJER INC
    Zoning & alternative use
    CG · Lenox, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $29.9M +35.9%
    Medical building $25.9M +17.7%
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