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    21999 Farmington Rd Farmington, MI 48336

    Sponsored
    For Sale
    $879,900

    High-yield industrial building, 7 units, Farmington, MI.

    Property size:
    6,765 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional income-generating industrial property, located at 21999 FARMINGTON in Farmington, MI, offers a total of 6,765 square feet on a 0.61-acre lot. The property comprises seven individual units, each designed to maximize functionality and efficiency. Several units include convenient amenities such as kitchenettes and half bathrooms, enhancing their appeal to a wide range of tenants. A shared reception office and conference room are also available, providing valuable common areas for tenants' use. Two unisex half bathrooms are conveniently located in the main hallway for shared access. The building features two staircases providing access to a sizable finished basement, which includes an additional half bathroom. This well-maintained property presents a significant investment opportunity with strong potential for rental income. The strategic location in Farmington, MI, offers excellent accessibility and visibility, making it an attractive option for businesses seeking a productive and well-equipped workspace. The property's size and layout are ideal for a variety of industrial uses, offering flexibility and adaptability to meet diverse tenant needs. Priced at $879,900, this property represents a compelling investment opportunity in a thriving market.

    Property Features for 21999 Farmington Rd

    General Information

    Property type
    Industrial properties
    Square Feet
    6,765 SF
    Lot Size
    26,572 SF

    Building Details

    Year Built
    1919
    Property Profile Location Intelligence

    Current Use by Public Records

    HomeWell Care Services Nursing Agency NBNA Systems inc. School Buckingham Community Services Employment Agency Adobe Home Health Home Health Care Service WIS International Data Recovery Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    Oakland
    State
    Michigan
    Longitude
    -83.37637
    Latitude
    42.45339

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    FAQs

    What type of property is this?
    Industrial property - High-yield industrial building, 7 units, Farmington, MI.
    Where is this industrial property located?
    The property is located at 21999 Farmington Rd Farmington, MI.
    What is the asking price?
    The asking price for this property is $879,900.
    (313) 930-5550
    Request Owner's contact information
    21999 Farmington Rd Farmington, MI 48336
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    Farmington, MI 48336
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    21999 Farmington Rd Farmington, MI 48336
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