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    29222 Grand River Ave Farmington Hills, MI 48336

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    For Sale
    $1,750,000

    Mixed-use building with apartments and commercial space for sale.

    Property size:
    9,388 SF
    Lot size:
    0.31 Acres

    Property Features for 29222 Grand River Ave

    General Information

    Size
    9,388 SF
    Lot size
    0.31 Acres

    Source: Max Broock Realtors Birmingham Agent Nayeem Amin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building with Commercial Space

    This mixed-use building features nine apartment units and 5,400 square feet of commercial space on the first floor. The apartments, located on the second floor, each contain one bedroom, one bathroom, a kitchen, and a small living room. The 9,388 square foot building includes a steam-based boiler system for heating, with one of two boilers having been replaced in 2023. This property is located in Farmington Hills, MI.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmington Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3349723
    Latitude
    42.4479949

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with apartments and commercial space for sale.
    Where is this mixed-use property located?
    The property is located at 29222 Grand River Ave Farmington Hills, MI.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: - Mixed-use building with 9 apartments and a 5,400SF commercial space.; - Nine 1-bedroom, 1-bathroom apartments.; - Investment opportunity with potential rental income from residential and commercial units.
    (248) 312-9728
    Request Owner's contact information
    29222 Grand River Ave Farmington Hills, 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
    29222 Grand River Ave Farmington Hills, MI 48336
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