Turnkey Dry Cleaner Near
For Sale
$340,000
32065 Grand River Ave, Farmington, MI 48336
Freestanding dry cleaner opportunity near downtown Farmington.
Property Size2,280 SF
Price / SF$149.12
Days on Market311
Property Features for 32065 Grand River Ave
General Information
Standard status
Active
Size
2,280 SF
Building Details
Year Built
1958
Listing Agency:
Century 21 Curran & Oberski
Listed By:
Fadi Jarrous
(248) 795-3061
Source:
Katie-k
Added: Nov 28, 2025
Changed: Oct 5
Last Checked: Oct 4 at 3:43PM
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 Century 21 Curran & Oberski
Investment Insights
Based on property information with market context.
This is an opportunity to own a turnkey dry cleaner. The freestanding building is located on a corner lot on a busy street, approximately 0.25 miles from downtown Farmington.
Key Highlights
- Turn‑key dry cleaner business opportunity.
- Located only 0.25 miles from Downtown Farmington.
- Freestanding building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,534
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,680
$490.7K
Cap Rate 7%
$350,486
$350.5K
Cap Rate 9%
$272,600
$272.6K
Market Conditions
NOI Build-Up for 2,280 SF
Gross rent
$38.3K $16.80/SF
− Vacancy
−$3.3K −$1.43/SF
EGI
$35.0K $15.37/SF
− OpEx
−$10.5K −$4.61/SF
NOI
$24.5K $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%
$490,680
Cap Rate 7%
$350,486
Cap Rate 9%
$272,600
Alternative Uses
Best Use
Retail
$350.5K
$306.7K – $408.9K
NOI $24,534 @ 7.0% cap · market cap 7.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$491.8K
$430.3K – $573.7K
NOI $34,424 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,139
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Farmington Florist On Nine — 22006 Farmington Rd, Farmington, MI 48336
- M&D Flowers — 33321 Grand River Ave, Farmington, MI 48336
- Springbrook Gardens Florist — 23614 Power Rd, Farmington, MI 48336
Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding dry cleaner opportunity near downtown Farmington.
Where is this storefront property located?
The property is located at 32065 Grand River Ave Farmington, MI.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Turn‑key dry cleaner business opportunity.; Located only 0.25 miles from Downtown Farmington.; Freestanding building.
