Premier Owner/Use or Mixed-use Development Opportunity in Downtown Farmington!

33211 Grand River Ave, Farmington, MI

$1,020,000

Price

5.29%

Cap Rate

$54,000

NOI

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Street
Map
Overview
Cap Rate
5.29%
NOI
$54,000
Building Size
8,540 sqft
Lot Area
0.56 acres
Occupancy
100%
Year Built
1927
Floors
1
Parking Spots
36
Description

Excellent opportunity in Downtown Farmington with many options to suit a variety of investment needs: Buyer can occupy the prime front suite, lease to a new retailer, or redevelop the property with the leases expire. Zoning allows for a multi-story mixed-use building with "0" setback and use of the adjacent free city parking! The 8,540 SF multi-tenant building is currently divided into seven office suites with six tenants and one office for building management. The original 1927 building was remodeled in 1972 to expand to the current 8,540 SF footprint. The configuration allows most tenants to have direct outside access which is an attractive feature.

Located on the south side of Grand River Ave, just east of Farmington Rd in walkable downtown Farmington! Farmington offers a real downtown feel with the convenience and ease of suburban living.

Highlights
  • Landmark location
  • Walkable downtown Farmington
  • Mixed-use zoning
  • Redevelopment opportunity
  • Free city parking
Documents
Location
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