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Address
Asking Price
For Sale or Lease > Ginopolis Restaurant / Land
27815 Middlebelt Rd
Farmington Hills, MI
Lot Size:0.23Acres
10,162 Square Foot Building on 2.4 Acres of Prime Real Estate
10,162 Square Foot Building on 2.4 Acres of Prime Real Estate
Great Access and Visibility
Land Can Be Developed For Mutliple Uses (Zoned B-2 Community Business District)
Seller Will Consider Selling Operating Business, Class C Liquor License, Furniture, Fixtures & Equipment
Confidential Sale: Please Do Not Disturb Ongoing Business - Contact Broker With All Questions or to Schedule a Showing
Sale Price: $1,750,000
Lease Price: $18.00 PSF NNN
$1,750,000
Accepting Offers - 141’ of Frontage on Orchard Lake Road
29955 Orchard Lake Rd
Farmington Hills, MI
Colliers International is pleased to offer for sale the 100% fee simple interest in 29945-29955 Orchard Lake Road (the “Property”). The Property is a 17,462 square foot retail building located in Farmington Hills, Michigan. The Property consists of two suites measuring 3,670 SF and 13,792 SF respectively. Leslie’s Pool Supply occupies the 3,670 SF suite while Metro Carpet & Floors occupies the remaining 13,792 SF as the anchor tenant. With 141’ of frontage along Orchard Lake Road; the preeminent shopping corridor of Farmington Hills, The Property enjoys some of the highest daily traffic volume in the submarket. Over 43,000 cars pass by this location every day ensuring retail tenants get the prominence they desire. Metro Carpet & Floors moved into their space and commenced a new lease in early 2016 for five years. Leslie Pool Supply has been at this location for 15 years and currently has over three years remaining with two available five year options.
The Property is located on one of the busiest retail corridors in all of Metro Detroit; Orchard Lake Road. The reputation of the corridor plus its location between 13 and 14 Mile Road ensure continued and future leasing demand. There is approximately 800,000 SF of retail located along Orchard Lake, specifically between 12 and 14 Mile Roads. The vacancy is only 1.2% and the average rental rate is $19.14 per foot providing significant value-add opportunity once Metro Carpet’s lease expires. A market rate lease in the large suite could add upwards of $110,000 to the NOI. This potential value-add opportunity is unique for any stabilized asset, especially one located on Orchard Lake Road.
Leslie's Pool Supply - 4.4 years remaining on base lease
Metro Carpet & Floors - 3.6 years remaining on base lease
Superb location along Orchard Lake Road providing for excellent access from surrounding affluent towns
Value-add opportunity with the largest tenant below market rent
43,000 daily traffic count
141’ of Frontage on Orchard Lake Road
National credit tenant with 15-year history at the property
1, 3, 5-mile median household income above $70,000 per year
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32418 Northwestern Highway
32418 Northwestern Hwy
Farmington Hills, MI
Lot Size:0.59Acres
$1,500,000
29945 Orchard Lake Road
29945 Orchard Lake Rd
Farmington Hills, MI
Lot Size:2.00Acres
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Orchard 12 Plaza - Farmington Hills, MI
Twelve Mile Road
Farmington Hills, MI
Lot Size:7.24Acres
$10,250,000
Farmington Hills Outlot For Sale!
29555 West 13 Mile Road
Farmington Hills, MI
Lot Size:0.75Acres
$750,000
29510 Orchard Lake Road
29510 Orchard Lake Rd
Farmington Hills, MI
Lot Size:0.38Acres
$1,200,000
27626 Middlebelt Road
27626 Middlebelt Rd
Farmington Hills, MI
$300,000
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Market Stats
48334 has 288 commercial real estate spaces for lease, representing 1,200,688 sqft space.
37 buildings are available for sale.
In the past 30 days, 48334 has had 20 spaces leased.
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