Auto Dealer Opportunity in
28975 Grand River Ave Farmington Hills, MI 48336
28975 Grand River Ave, Farmington Hills, MI, 48336
$1,300,000
For Sale
$1,300,000
Prime location with renovated facility and high traffic volume.
Property Size5,790 SF
Lot Size2.00 Acres
Price / SF$224.53
Days on Market375
Property Features for 28975 Grand River Ave
General Information
- Standard status
- Active
- Size
- 5,790 SF
- Lot size
- 2.00 Acres
Listing Agency
RE/MAX Team 2000
(313) 561-0900
Listed by
Yousef Beydoun · License #6501354088
(313) 561-0900
Source
Exprealty
Added: Jul 9, 2025 Checked: Jul 17 at 5:53 pm
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
Investment Insights
Based on property information with market context.
This property presents a rare acquisition opportunity for an auto dealer in Farmington Hills. Situated on over 2 acres of land, the site features a newly paved parking lot accommodating nearly 100 parking spaces. Its location on heavily traveled Grand River Avenue provides easy freeway access and high traffic volumes. The renovated 5,790 square foot facility includes seven individual office spaces along a main office corridor, two spacious storage rooms, multiple bathrooms, a large lobby with a 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.
- Over 2 acres of land with newly paved parking for nearly 100 vehicles.
- Extravagantly renovated facility with seven individual offices.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.3k | $16.80 |
| − Vacancy | −$8.3k | −$1.43 |
| EGI | $89.0k | $15.37 |
| − OpEx | −$26.7k | −$4.61 |
| NOI | $62.3k | $10.76 |
5,790 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- AAAJUNKCARFORCASHMICHIGAN — 20735 Sunnydale St, Farmington Hills, MI 48336
- National Auto Glass & Mirror — 31168 W 8 Mile Rd, Farmington Hills, MI 48336
- The Body Curve — 20785 Orchard Lake Rd, Farmington Hills, MI 48336
- Collision Shop — 31500 W 8 Mile Rd, Farmington Hills, MI 48336
- All American Towing — 20735 Sunnydale St, Farmington Hills, MI 48336
FAQs
What type of property is this?
Auto shop - Prime location with renovated facility and high traffic volume.
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.; Over 2 acres of land with newly paved parking for nearly 100 vehicles.; Extravagantly renovated facility with seven individual offices.
