Downtown Farmington Investment Opportunity | Income-Producing + Available Space
$630,000
33604 Grand River Ave, Farmington, MI 48336
1.29
Cap Rate
8,144
NOI
Details:
Highlights:
- 4,214 SF landmark multi-tenant office building
- Stable In-Place Income – 61% leased to financial services tenant
- Annual Rent Growth – 1.5% built-in escalations
- Long-Term Lease Security – 5 years remaining + 10-year renewal option
- Value-Add Opportunity – Second floor available for lease or owner-user
- Prime Downtown Farmington location in walkable DDA District
- High-End Buildout with glass, marble & luxury stone finishes
- Strong Visibility – Prominent frontage on award-winning Main Street
- Private on-site parking with 13 dedicated spaces
Description:
Positioned along the award-winning Main Street in the heart of downtown Farmington, this 4,214 SF multi-tenant office building presents a rare opportunity to acquire a well-appointed asset with both in-place income and meaningful upside potential. The property is currently 61% leased to a financial services firm, providing a stable and predictable revenue stream with approximately five years of remaining lease term, 1.5% annual escalations, and a valuable 10-year renewal option—offering long-term tenancy security and income continuity. The second floor, currently configured with four private offices, a full kitchen, and two restrooms, offers immediate lease-up or owner-user potential, allowing investors to increase cash flow or occupy a portion of the asset while maintaining income from the existing tenant.
Featuring a high-end interior buildout with glass, marble, and luxury stone finishes, the property delivers a professional and modern environment attractive to a wide range of office and service-based users. Its prominent location within the Downtown Development Authority (DDA) District provides exceptional walkability to restaurants, retail, and community amenities—further enhancing tenant demand and long-term value. With dedicated on-site parking and strong visibility along one of the region’s most recognized downtown corridors, this offering combines stability, flexibility, and future growth potential in one of Metro Detroit’s most desirable suburban downtowns.
West end of Downtown Farmington Directly across from City Hall. Excellent location in desirable downtown Farmington. With a vibrant business community and strong local economy, the area provides a compelling environment for commercial real estate investment.
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Location
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