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    29033 Grand River Ave Farmington Hills, MI 48336

    Sponsored
    For Sale
    $250,000

    1.1-Acre Development Parcel, Farmington Hills

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.1-acre commercial land parcel, located at 29033 Grand River Avenue in Farmington Hills, Michigan, presents a unique investment opportunity. Zoned B-3, this property boasts 101 feet of prime Grand River frontage, ensuring high visibility and accessibility. Previously developed and serviced with city water and sewer, the site is development-ready, featuring one existing curb cut. The property's strategic location on Grand River Avenue, a high-traffic corridor with 35,000 vehicles passing daily, positions it ideally for a variety of commercial uses. Approved plans allow for apartments or commercial development, including drive-thru options, making it suitable for a range of businesses. Significant incentives are available through the Corridor Improvement Authority, further enhancing the return on investment. The parcel's APN is 22-23-36-306-013, and it's situated in Oakland County, Michigan, zip code 48336. All utilities are readily available on-site, minimizing development hurdles and accelerating project timelines. This prime location in the bustling "Auto Row" area offers unparalleled potential for significant growth and profitability. Don't miss this chance to acquire a highly desirable commercial development site in a thriving Michigan market.

    Property Features for 29033 Grand River Ave

    General Information

    Property type
    Land
    Lot Size
    47,916 SF

    HighLights

    • Development‑ready 1.1‑acre parcel suitable for apartments or commercial use.
    • Prime location in Farmington Hills' "Auto Row" area.
    • 101 feet of Grand River Avenue frontage.
    • All utilities available on‑site.
    • City incentives available through the Corridor Improvement Authority.
    • High‑traffic location with 35,000 vehicles passing daily.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Farmington Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3334583
    Latitude
    42.4462112

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    FAQs

    What type of property is this?
    Land - 1.1-Acre Development Parcel, Farmington Hills
    Where is this land located?
    The property is located at 29033 Grand River Ave Farmington Hills, MI.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Development-ready 1.1-acre parcel suitable for apartments or commercial use.; Prime location in Farmington Hills' "Auto Row" area.; 101 feet of Grand River Avenue frontage.
    Request Owner's contact information
    29033 Grand River Ave Farmington Hills, MI 48336
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    29033 Grand River Ave Farmington Hills, MI 48336
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