42400 Ford RdCanton, MI 48187

Property Details for 42400 Ford Rd

Year built

1973

Lot size

1.72 AC

Property size (Sq ft)

20,839 SF

Zone code

C-3

Property type

Strip malls

Property subtype

Neighborhood centers

APN

71 043 99 0010 003

APU

71043990010003

Description

This exceptional Class A retail storefront, located at 42400 Ford Rd in Canton, Michigan 48187, offers 2,800 square feet of immediately available space within the larger Canton Corners complex. The entire complex totals 19,460 square feet, providing ample opportunity for synergy and shared clientele. This property boasts a desirable location in Canton, MI, situated on a 1.72-acre lot. The building underwent renovations in 2010, ensuring modern amenities and a well-maintained structure. The space is ideal for a variety of retail uses and benefits from high visibility and convenient access. The multiple tenancy structure of Canton Corners creates a vibrant and thriving retail environment. This is a fantastic opportunity for businesses seeking a high-quality, well-located storefront in a bustling commercial area. The property's Class A designation reflects its superior construction, design, and amenities. With ample parking and excellent visibility from Ford Road, this space is poised for success. Serious inquiries are encouraged to explore this exceptional leasing opportunity. The available space is 2,800 square feet, part of a larger 19,460 square foot building. The property is conveniently located and offers a strong potential for growth.

• CAP approach

  CAP return

  Valuation

  6%

  $5,244,056

  6.5%

  $4,840,668

  7%

  $4,494,906

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,912,186

  Geo Method

  $4,912,186

• Alternative Use

  Use

  Valuation

  Residential

  $4,083,284

  Hospitality

  $3,740,266

  Educational

  $3,111,858

  Medical

  $3,218,879

  Retail

  $4,840,668

Location Insight

City

Canton

County

Wayne

State

Michigan

Latitude

42.3231

Longitude

-83.4594

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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