36865 26 Mile RdLenox, MI 48048

Property Details for 36865 26 Mile Rd

Year built

2007

Lot size

22.79 AC

Property size (Sq ft)

210,688 SF

Zone code

CG

Property type

Outlet malls

APN

19-06-36-300-019

APU

190636300019

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $64,415,440

  6.5%

  $59,460,408

  7%

  $55,213,236

• Comparable approach

  Method

  Valuation

  Relative Method

  $49,663,544

  Geo Method

  $49,663,544

• Alternative Use

  Use

  Valuation

  Residential

  $50,157,080

  Hospitality

  $45,943,612

  Educational

  $38,224,548

  Medical

  $39,539,148

  Retail

  $59,460,408

Location Insight

City

Lenox

County

Macomb

State

Michigan

Latitude

42.7224

Longitude

-82.742

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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