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For sale
Manufacturing properties
MI
Farmington
48336
31666 W 8 Mile Road

Manufacturing and Office Space Available

31666 W 8 Mile Road, Farmington, MI 48336

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For Sale

$2,300,000

Two buildings on 2.75 acres, ideal for manufacturing.

Type:Commercial/Industrial

Property size:

28,148 SF

Lot size:

2.76 Acres

Price / SF:

$81/SF

HighLights

22,460 sq. ft. main building featuring 3,000 sq. ft. of office space and 15,000 sq. ft. of floor space with up to 24 ft. ceilings.
Enjoy a fully air‑conditioned main building with new epoxy floors and fresh paint.
2.75‑acre fully fenced lot with recently resurfaced and re‑striped surface.
Secondary building offers approximately 5,687 sq. ft. of space and 4 grade‑level doors.
Convenient access with 3 grade‑level doors and loading dock in the main building.
Includes two parcels: 23‑34‑426‑025 & 23‑34‑426‑038

We can help!

Listing Contact

Dorothy Ohara Blizard

Learn more

For Sale

$2,300,000

Two buildings on 2.75 acres, ideal for manufacturing.

Type:Commercial/Industrial

Property size:

28,148 SF

Lot size:

2.76 Acres

Price / SF:

$81/SF

Added:: Oct 2, 2024
Days on Market:: 621
Last Refresh:: May 20 at 12:56 am

Property Features for 31666 W 8 Mile Road

General Information

Standard status: Active
Size: 28,148 SF
Lot size: 2.76 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1966

We can help!

Listing Contact

Dorothy Ohara Blizard

Listing agent Dorothy Ohara Blizard License #6502405809

Listing office Global Real Estate Consulting

Listing date Oct 2, 2024

Source Exitrealty

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

All listing content including descriptions, pricing, images are the copyrighted material of Global Real Estate Consulting

HighLights

22,460 sq. ft. main building featuring 3,000 sq. ft. of office space and 15,000 sq. ft. of floor space with up to 24 ft. ceilings.
Enjoy a fully air‑conditioned main building with new epoxy floors and fresh paint.
2.75‑acre fully fenced lot with recently resurfaced and re‑striped surface.
Secondary building offers approximately 5,687 sq. ft. of space and 4 grade‑level doors.
Convenient access with 3 grade‑level doors and loading dock in the main building.
Includes two parcels: 23‑34‑426‑025 & 23‑34‑426‑038

Overview

This commercial property features two buildings situated on a fully fenced 2.75-acre lot. The main building provides approximately 22,460 sq. ft. of space, which includes 3,000 sq. ft. of office area, 15,000 sq. ft. of floor space with ceiling heights reaching up to 24 ft., an additional 1,500 sq. ft. lab space, and a 3,000 sq. ft. second-floor office and break room. The main building is fully air-conditioned throughout. Access is facilitated by three grade-level doors and a loading dock. The secondary building offers approximately 5,687 sq. ft. of space and includes four grade-level doors. The lot has been recently resurfaced and re-striped. The main building has been freshly repainted and features new epoxy floors. The property is suitable for manufacturing and includes two parcels: 23-34-426-025 and 23-34-426-038. This property offers ample space, modern amenities, and convenient access.

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$206.9k	$7.35
− Vacancy	−$7.7k	−$0.27
EGI	$199.2k	$7.08
− OpEx	−$59.8k	−$2.12
NOI	$139.5k	$4.95

28,148 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 30.00%

Alternative Uses

Best Use

Industrial

$1.99M

$1.74M – $2.32M (±1% cap)

NOI $139,463 @ 7.0% cap · market cap 6.06%

Second Best

Office B

$1.38M

$1.21M – $1.61M (±1% cap)

NOI $96,899 @ 7.0% cap · market cap 4.21%

Theoretical Best

Specialty Retail

$6.07M

$5.31M – $7.08M (±1% cap)

NOI $424,990 @ 7.0% cap · market cap 18.48%

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

Location Intelligence

Current Use by Public Records

Manufacturing properties

Suggested Use

Location Insight

Map
Local Demand

City: Farmington
County: Oakland
State: Michigan
Longitude: -83.3468
Latitude: 42.4631

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For sale
Manufacturing properties
MI
Farmington
48336
31666 W 8 Mile Road

What type of property is this?

Manufacturing property - Two buildings on 2.75 acres, ideal for manufacturing.

Where is this manufacturing property located?

The property is located at 31666 W 8 Mile Road Farmington, MI.

What is the asking price?

The asking price for this property is $2,300,000.

What are key features of this property?

This property features: 22,460 sq. ft. main building featuring 3,000 sq. ft. of office space and 15,000 sq. ft. of floor space with up to 24 ft. ceilings.; Enjoy a fully air‑conditioned main building with new epoxy floors and fresh paint.; 2.75‑acre fully fenced lot with recently resurfaced and re‑striped surface.