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    30924 Grand River Ave Farmington, MI 48336

    Sponsored
    For Sale
    $1,300,000

    Five-unit retail center, fully leased.

    Property size:
    4,624 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a fully leased, five-unit retail strip center located at 30924-30948 Grand River Ave in Farmington, Michigan. The property boasts a prime hard corner location and a total of 4,624 square feet situated on a 0.28-acre lot. Built in 1955, this single-story building offers ample parking for tenants and customers. The asking price is $1,300,000, translating to $281.14 per square foot. The property consists of five individual units, all currently under lease, providing immediate and consistent cash flow. The property's address is 30924 Grand River Ave, Farmington, MI 48336, and its location within Oakland County ensures high visibility and accessibility. The property's Assessed Parcel Numbers (APNs) are 20-23-35-62-015

    Property Features for 30924 Grand River Ave

    General Information

    Property type
    Retail properties
    Square Feet
    4,624 SF
    Lot Size
    12,197 SF

    Building Details

    Year Built
    1955
    Buildings
    1
    Stories
    1
    Units
    5

    HighLights

    • 4,624 SF retail building for sale.
    • Five‑unit strip center.
    • 100% occupied.
    • High‑visibility hard corner location.
    • Ample parking included.
    • Asking price: $1,300,000 ($281.14/SF).
    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
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3532571
    Latitude
    42.4552591

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    FAQs

    What type of property is this?
    Retail property - Five-unit retail center, fully leased.
    Where is this retail property located?
    The property is located at 30924 Grand River Ave Farmington, 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: 4,624 SF retail building for sale.; Five-unit strip center.; 100% occupied.
    (248) 359-0647
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    30924 Grand River Ave Farmington, 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
    30924 Grand River Ave Farmington, MI 48336
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