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    33469 14 Mile Rd Farmington Hills, MI 48331

    For Sale
    $1,300,000

    11,090 SF Medical Office Condo - $1.3M

    Property size:
    11,090 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 11,090 square foot medical office condominium, located at 33469 W 14 Mile Rd in Farmington Hills, Michigan, presents a unique investment opportunity. Situated on a 5.13-acre lot with ample parking (186 spaces), this property boasts a prime location at the intersection of 14 Mile and Farmington Roads, offering excellent visibility and accessibility. Built in 1986, the building is zoned OS-1 and features a recently installed new roof, minimizing future maintenance concerns. The property's spacious layout is ideal for a variety of medical practices, providing ample room for patient care, administrative offices, and support staff. The condominium's convenient access to major thoroughfares ensures easy commutes for both patients and employees. The property is offered for sale at $1,300,000 and includes valuable sign rights. The ample on-site parking significantly enhances the property's appeal and functionality. The property's APN is 23-04-228-016. This is a rare opportunity to acquire a well-maintained, strategically located medical office condominium in a thriving market.

    Property Features for 33469 14 Mile Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    11,090 SF
    Lot Size
    223,463 SF

    Building Details

    Year Built
    1986

    HighLights

    • 11,090 SF Medical Office Condo Available
    • Sign Rights Included
    • Sale or Lease Option Available
    • New Roof Recently Installed
    • High‑Visibility Location at 14 Mile & Farmington Roads Intersection
    • 186 On‑Site Parking Spaces
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    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
    -83.3801492
    Latitude
    42.5264457

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    FAQs

    What type of property is this?
    Multifamily property - 11,090 SF Medical Office Condo - $1.3M
    Where is this multifamily property located?
    The property is located at 33469 14 Mile Rd Farmington Hills, 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: 11,090 SF Medical Office Condo Available; Sign Rights Included; Sale or Lease Option Available
    Request Owner's contact information
    33469 14 Mile Rd Farmington Hills, MI 48331
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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
    33469 14 Mile Rd Farmington Hills, MI 48331
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