Shops on Nine

Shopping Center for Sale
Shops on Nine
Catylist Listing ID: 30023971
Building Size (RSF): 11,250 SF
Sale Price: $689,000
Unit Price: $61.24 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 6/15/2017

Overview / Comments

  • 11,250 SF retail center for sale on Oak Park’s main retail corridor
  • Multiple 20+ year long-term tenants
  • 180,000+ local employees within 5 miles
  • High local residential density, average household income= $66,675
  • 16,000 VPD on W Nine Mile Road
  • Free municipal owned/maintained parking surrounding property
  • Zoned B-1, Neighborhood Business
  • 2015 taxes: $19,318.96
  • Sale price: $689,000

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Royal Oak Vicinity
Tax ID/APN: 2531226007. 2531226005, 2531226009, 2531226010
Zoning: B-1, NEIGHBORHOOD BUSINESS
Number of Stories: 1
Year Built: 1953
Parking Description: Surface

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,801 190,634 484,096
Median Age: 36.82 39.4 38.79
Households: 8,919 79,763 200,356

Source

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