Prime Mixed-Use Redevelopment Opportunity | 1.37 Acres
$2,140,000
32315 & 32325 Grand River Ave, Farmington Hills, MI 48334
11,736 sqft
Building Size
1.37 acres
Lot Area
Details:
Highlights:
- 1.37-acre redevelopment assemblage comprising two adjacent properties
- Prominent Grand River Avenue frontage near Downtown Farmington
- Located within the Grand River Corridor Overlay District
- Potential for mixed-use, multifamily residential, and commercial redevelopment
- Increased development density and building heights of up to four stories permitted under applicable overlay provisions
- Potential eligibility for Corridor Improvement Authority (CIA) incentives, including Tax Increment Financing (TIF)
- Established surrounding residential and commercial neighborhoods
Description:
32315 and 32323 Grand River Avenue present an exceptional opportunity to acquire a combined 1.37-acre redevelopment site along the highly desirable Grand River Corridor in Farmington Hills. Ideally positioned within walking distance of Downtown Farmington, the properties offer developers and investors a compelling opportunity to capitalize on the area's established commercial presence, surrounding residential neighborhoods, and growing demand for walkable, mixed-use environments.
Located within the Grand River Corridor Overlay District, the site benefits from zoning provisions that allow for increased development density and building heights of up to four stories. This flexibility creates significant potential for a thoughtfully designed mixed-use development incorporating multifamily residential, retail, office, or other complementary commercial uses.
Further enhancing the investment potential, eligible redevelopment projects may qualify for economic development incentives through the Corridor Improvement Authority (CIA), including Tax Increment Financing (TIF). With its strategic location, development-friendly zoning, and potential financial incentives, this assemblage offers a compelling opportunity to transform a prominent Grand River Corridor site into a vibrant destination that complements the surrounding community.
Discover the prime retail opportunity in the heart of the bustling Detroit market. The location at 32315 Grand River Ave, Farmington, MI offers proximity to key attractions such as Twelve Oaks Mall, the largest shopping center in Michigan, attracting millions of visitors annually. A short drive from the property, downtown Detroit boasts an array of cultural hotspots and entertainment venues, including the renowned Fox Theatre and Ford Field. The area also benefits from high traffic volumes along Grand River Avenue, providing excellent visibility and exposure for retail businesses. With a diverse array of retail options and a dynamic local economy, this location presents an exceptional opportunity for retail investors seeking to capitalize on the vibrant Detroit market.
Documents:
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| Brochure.pdf |
Location
Gallery
