Retail Shop Space with 4 Grade-Level
For Sale
$925,000
30400 Grand River Ave, Farmington Hills, MI 48336
Retail shop space offers 3,238 SF with four grade-level doors and 14-foot ceilings.
Property Size3,238 SF
Price / SF$285.67
Days on Market196
Property Features for 30400 Grand River Ave
General Information
Standard status
Active
Size
3,238 SF
Property subtype
Retail
Zoning
B-3
Building Details
Building Size
3,238 SF
Year Built
1970
Year Renovated
2021
Buildings
1
Tenancy
Single Tenant
Listing Agency:
Lee & Associates of Michigan
Listed By:
Dan Flynn
(248) 946-2153
Source:
Cpix.resimplifi
Added: Apr 6
Changed: Oct 3
Last Checked: Oct 16 at 5:45AM
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 Lee & Associates of Michigan
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Investment Insights
Based on property information with market context.
This retail shop space provides 3,238 SF of available area, designed for tenants seeking straightforward retail and operational access. The space includes four grade-level doors and 14-foot ceilings, supporting a flexible layout for showroom, service, or light retail uses.
The property is located at 30400 Grand River Ave in Farmington Hills, MI. The building was constructed in 1970.
For prospective tenants, the grade-level door access and ceiling height can help accommodate merchandising, inventory staging, and back-of-house workflow within the available retail area.
The property is located at 30400 Grand River Ave in Farmington Hills, MI. The building was constructed in 1970.
For prospective tenants, the grade-level door access and ceiling height can help accommodate merchandising, inventory staging, and back-of-house workflow within the available retail area.
Key Highlights
- 3,238 SF of available retail/shop space
- Four grade‑level doors
- 14‑foot ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,842
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$696,840
$696.8K
Cap Rate 7%
$497,743
$497.7K
Cap Rate 9%
$387,133
$387.1K
Market Conditions
NOI Build-Up for 3,238 SF
Gross rent
$54.4K $16.80/SF
− Vacancy
−$4.6K −$1.43/SF
EGI
$49.8K $15.37/SF
− OpEx
−$14.9K −$4.61/SF
NOI
$34.8K $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%
$696,840
Cap Rate 7%
$497,743
Cap Rate 9%
$387,133
Alternative Uses
Best Use
Retail
$497.7K
$435.5K – $580.7K
NOI $34,842 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$698.4K
$611.1K – $814.8K
NOI $48,889 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
528
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Retail shop space offers 3,238 SF with four grade-level doors and 14-foot ceilings.
Where is this retail space located?
The property is located at 30400 Grand River Ave Farmington Hills, MI.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 3,238 SF of available retail/shop space; Four grade‑level doors; 14‑foot ceilings
