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10450-10460 W 9 Mile Rd
Oak Park, MI 48237
Metro Detroit Retail · Retail Property For Sale
Property Facts
About 10450-10460 W 9 MILE RD , OAK PARK, MI 48237
Property tours will be offered by appointment only. Please contact Steven Silverman at 248-848-4089 or Steven.Silverman@freg.com to schedule a tour. The offering is for a 8,600 SF multi-tenant retail/medical/office building which was built in 1956 located in Oak Park, MI. It includes 29 parking spaces (ratio of 3.37:1,000 SF). The property is currently 79% occupied by two tenants. In-place NOI is approximately $40,000 with substantial upside potential through lease-up. The property is located just minutes from downtown Ferndale and Metro-Detroit’s premier suburbs. The property is located along W. 9 Mile Road, approximately 1.7 miles west of Woodward Avenue, which connects Oak Park to downtown Detroit. Traffic counts on W 9 Mile Road exceed 32,000 vehicles per day. The property benefits from strong demographics including a population of approximately 150,000 within 3 miles, and 385,000 within 5 miles. Median household income is $52,000+ within 3 miles.
Property Taxes
| Parcel Numbers | Improvements Assessment | $210,000 | |
| Land Assessment | $57,400 | Total Assessment | $267,400 |
Property Taxes
