0 2 Grocery Stores InFarmington Hills, MI 48334

Property Details for 0 2 Grocery Stores In

Year built

1941

Property size (Sq ft)

5,808 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

Exceptional opportunity to acquire two established grocery stores in Farmington Hills, MI, operating successfully for over 26 years under the same family ownership. This turnkey package includes two stores totaling 14,000 net rentable square feet, ranging from 5,808 to 8,192 square feet individually. Store #1 boasts 8,192 square feet, employs 18-20 people, includes a liquor license, and features recently updated equipment including new produce cases (2018) and eight compressors replaced within the last five years. Its equipment inventory includes two bandsaws, three slicers, a large grinder, and a double convection oven, along with a floor cleaning machine. Store #2, at 5,808 square feet, employs 10-12 people and includes a bandsaw, two slicers, a large grinder, a single convection oven, and a gas stove. Both stores share consistent operating hours: Monday-Saturday 9 am-6 pm and Sunday 10 am-2 pm. The asking price of $4,399,999 also encompasses a 1,152-square-foot house situated behind one of the stores and a separate 435-square-foot building offering additional rental income potential. This is a rare chance to own a well-established, profitable business with significant growth potential in a desirable Michigan location. The property was built in 1941.

Location Insight

City

Farmington Hills

County

Oakland

State

Michigan

Latitude

42.5049

Longitude

-83.3469

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