Automotive Property with Paved
28975 Grand River Avenue Farmington, MI 48336
28975 Grand River Avenue, Farmington, MI, 48336
$1,300,000
For Sale
$1,300,000
Up to 100-space newly paved lot plus renovated office suite with seven offices, lobby, and fitness room with showers.
Property Size5,790 SF
Price / SF$224.53
Days on Market374
Property Features for 28975 Grand River Avenue
General Information
- Standard status
- Active
- Size
- 5,790 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1970
Listing agency
RE/MAX Team 2000
(313) 561-0900
Listed by
Yousef Beydoun · License #6501354088
(313) 561-0900
Source
Sabudarealty
Added: Jul 14, 2025 Updated: Jul 21 at 6:15PM Checked: Jul 21 at 6:15PM
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 automotive property includes over 2 acres of land and a newly paved parking lot designed to accommodate nearly 100 vehicles. The renovated facility features seven individual office spaces arranged along a main office corridor, along with two spacious storage rooms and multiple bathrooms. Interior amenities include a large lobby with reception and waiting area, plus a private fitness room equipped with two showers.
The site is located at 28975 Grand River Avenue in Farmington, Michigan, on heavily traveled Grand River Ave, with easy freeway access.
For sale as a turnkey automotive-oriented setup, the layout supports both front-office operations and additional storage within the existing office improvements.
The site is located at 28975 Grand River Avenue in Farmington, Michigan, on heavily traveled Grand River Ave, with easy freeway access.
For sale as a turnkey automotive-oriented setup, the layout supports both front-office operations and additional storage within the existing office improvements.
Key Highlights
- 1970‑built auto dealer facility with over 2 acres of land and a newly paved parking lot
- Parking lot accommodates nearly 100 spaces
- Located on heavily traveled Grand River Ave with easy freeway access
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
Location Intelligence
Current Use by Public Records
WEB DESIGN
Marketing & Advertising
Home
Marketing & Advertising
Similar For Sale Nearby
Similar Off Market Nearby
- Dave's Collision — 29943 Eight Mile Rd, Livonia, MI 48152
- Leo's Complete Auto Repair — 29623 Eight Mile Rd, Livonia, MI 48152
- Tommyz Auto Service — 30397 Eight Mile Rd, Livonia, MI 48152
- K & J Auto Service Center — 29537 Eight Mile Rd, Livonia, MI 48152
- Custom Welding & Repair — 30397 Eight Mile Rd, Livonia, MI 48152
FAQs
What type of property is this?
Auto shop - Up to 100-space newly paved lot plus renovated office suite with seven offices, lobby, and fitness room with showers.
Where is this auto shop located?
The property is located at 28975 Grand River Avenue Farmington, 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: 1970‑built auto dealer facility with over 2 acres of land and a newly paved parking lot; Parking lot accommodates nearly 100 spaces; Located on heavily traveled Grand River Ave with easy freeway access
