Listing Agency: The Jonna Group at Colliers International Show Phone

Listed By: Tony Fayne · License #MI 6501295851

Source: Crexi

Added: Apr 12 Changed: Aug 8 Last Checked: Jul 21 at 2:42PM

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Investment Insights

Based on property information with market context.

Key Highlights

• Multifamily property with 8 units

Property Analytics

Property Profile

Current Use

MaoCo CPA Accounting Firm

Suggested Use

Top Pick Auto Parts Store Bakery (Bike/Boat/Book/etc) Store Parking Lot & Garage Carpet & Flooring Store Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8

Residential units

Location Intelligence

Trade Area within ½ mile

949

Businesses Nearby

Explore this area Business Placement

Demographics for 48336, MI

26,802

Population

12,296

Households

2.2

Avg Household Size

42

Median Age

44%

College-Educated

92%

High-School Grad

9.3 sq mi

ZIP Area

2,882

Density / Sq Mi

$85,325

Median Household Income

$54,077

Median Earnings

$1,141

Median Rent

$247,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

Where is this apartment building located?

The property is located at 32450 Grand River Avenue Farmington, MI.

What are key features of this property?

This property features: Multifamily property with 8 units