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    37810 Grand River Ave Farmington, MI 48335

    Sponsored
    For Sale
    $1,200,000

    High-traffic commercial land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 0.86-acre commercial land parcel presents a unique investment opportunity in the thriving Farmington, Michigan market. Located at 37810 Grand River Ave, this property boasts a prime location at the busy intersection of Grand River Avenue and 10 Mile Road, ensuring high visibility and accessibility. Its strategic position offers easy access to major expressways including M-5, I-69, and I-696, facilitating seamless transportation for businesses and customers. The property features two convenient curb cuts, enhancing operational efficiency. The high traffic count makes this an excellent site for a variety of commercial ventures. The area is already home to a concentration of successful businesses, including several prominent car dealerships such as BMW, Nissan, Mazda, Audi, Porsche, Suburban Chrysler Dodge Jeep Ram, and Buick GMC, all within a one-mile radius. The asking price for this exceptional parcel is $1,200,000. The property's location and high visibility make it an ideal site for a variety of commercial developments, offering significant potential for return on investment. The parcel is situated in Oakland County, Michigan, with a zip code of 48335. Prominent signage opportunities further enhance the property's marketing potential. This is a rare opportunity to acquire a highly visible and strategically located commercial land parcel in a thriving market.

    Property Features for 37810 Grand River Ave

    General Information

    Property type
    Land
    Lot Size
    37,462 SF

    HighLights

    • $1,200,000 asking price for 0.86‑acre commercial land parcel.
    • High‑visibility corner lot at Grand River Ave and 10 Mile Rd, Farmington, MI (48335).
    • Excellent access to M‑5, I‑69, and I‑696 expressways.
    • High traffic counts and two curb cuts for optimal operational efficiency.
    • Surrounded by numerous car dealerships (BMW, Nissan, Mazda, Audi, Porsche, Chrysler, Buick GMC) within one mile.
    • Prominent signage opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    Oakland
    State
    Michigan
    Longitude
    -83.419229
    Latitude
    42.468728

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    FAQs

    What type of property is this?
    Land - High-traffic commercial land, ideal for development.
    Where is this land located?
    The property is located at 37810 Grand River Ave Farmington, MI.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price for 0.86-acre commercial land parcel.; High-visibility corner lot at Grand River Ave and 10 Mile Rd, Farmington, MI (48335).; Excellent access to M-5, I-69, and I-696 expressways.
    (248) 353-0500
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    37810 Grand River Ave Farmington, MI 48335
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    Farmington, MI 48335
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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
    37810 Grand River Ave Farmington, MI 48335
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