Auto Dealer Opportunity in
28975 Grand River Ave, Farmington Hills, MI 48336
For Sale
$1,300,000
Prime location with renovated facility and ample parking.
Property Size5,790 SF
Price / SF$224.53
Days on Market348
Property Features for 28975 Grand River Ave
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
RE/MAX Team 2000
Listed By:
Yousef Beydoun · License MI #6501354088
(313) 561-0900
Source:
Katie-k
Added: Nov 27, 2025
Changed: Oct 25
Last Checked: Oct 7 at 5:03PM
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 RE/MAX Team 2000
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property presents a rare acquisition opportunity for an auto dealer in Farmington Hills. The site features over 2 acres of land and a newly paved parking lot accommodating nearly 100 parking spaces. Situated on heavily traveled Grand River Avenue, the location provides easy freeway access and high traffic volumes. The renovated facility includes seven individual office spaces alongside a main office corridor, two spacious storage rooms, multiple bathrooms, a large lobby space with reception and waiting area, and a private fitness room equipped with two showers.
Key Highlights
- Prime location on heavily traveled Grand River Ave in Farmington Hills with easy freeway access.
- Over 2 acres of land suitable for an auto dealer.
- Newly paved parking lot accommodating nearly 100 parking spaces.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,303
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,246,060
$1.2M
Cap Rate 7%
$890,043
$890.0K
Cap Rate 9%
$692,256
$692.3K
Market Conditions
NOI Build-Up for 5,790 SF
Gross rent
$97.3K $16.80/SF
− Vacancy
−$8.3K −$1.43/SF
EGI
$89.0K $15.37/SF
− OpEx
−$26.7K −$4.61/SF
NOI
$62.3K $10.76/SF
Area
Oakland County, MI
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,246,060
Cap Rate 7%
$890,043
Cap Rate 9%
$692,256
Alternative Uses
Best Use
Retail
$890.0K
$778.8K – $1.04M
NOI $62,303 @ 7.0% cap · market cap 4.79%
Second Best
Industrial
$409.8K
$358.6K – $478.1K
NOI $28,687 @ 7.0% cap · market cap 2.21%
Theoretical Best
Specialty Retail
$1.25M
$1.09M – $1.46M
NOI $87,420 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
909
Businesses Nearby
48k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 98%
Groceries 2%
Mobil
Shops & Services
15,583 visits/mo
0.3 miles
Dollar General
Shops & Services
8,257 visits/mo
0.3 miles
BP
Shops & Services
7,483 visits/mo
0.2 miles
O'Reilly Auto Parts
Shops & Services
3,601 visits/mo
0.5 miles
AutoZone
Shops & Services
3,147 visits/mo
0.2 miles
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
$247,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Auto shops in Oakland County, MI
Properties on Market for Auto shops in Oakland County
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Custom Welding & Repair — 30397 Eight Mile Rd, Livonia, MI 48152
- Tommyz Auto Service — 30397 Eight Mile Rd, Livonia, MI 48152
- Dave's Collision — 29943 Eight Mile Rd, Livonia, MI 48152
- K & J Auto Service Center — 29537 Eight Mile Rd, Livonia, MI 48152
- Leo's Complete Auto Repair — 29623 Eight Mile Rd, Livonia, MI 48152
Frequently Asked Questions
What type of property is this?
Auto shop - Prime location with renovated facility and ample parking.
Where is this auto shop located?
The property is located at 28975 Grand River Ave Farmington Hills, MI.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Prime location on heavily traveled Grand River Ave in Farmington Hills with easy freeway access.; Over 2 acres of land suitable for an auto dealer.; Newly paved parking lot accommodating nearly 100 parking spaces.
