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    27400 12 Mile Rd Farmington Hills, MI 48334

    Sponsored
    For Sale
    $2,000,000

    31.53 Acres, $2M Asking Price

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 31.53-acre commercial land parcel presents a unique redevelopment opportunity in Farmington Hills, Michigan. Located at 27400 W. Twelve Mile Road, the property boasts significant frontage on both Twelve Mile Road (1,050 feet) and Inkster Road (1,670 feet). Currently zoned RA-1B, the site offers approximately 16 buildable acres. The property's history includes the former Sarah Fisher Center, consisting of 16 buildings totaling 110,240 square feet, all slated for demolition except for a chapel which must be incorporated into any future development plans. The land features sloping terrain and requires City of Farmington Hills approval for all future development projects. The asking price is $2,000,000, translating to $125,000 per acre. This prime location in Oakland County, with its convenient access and substantial acreage, makes it an ideal investment for large-scale commercial development. The property's address is 27400 W. 12 Mile Rd, Farmington Hills, MI 48334. Detailed site plans and zoning information are available upon request. This is a rare opportunity to acquire a significant land holding in a desirable location with high development potential.

    Property Features for 27400 12 Mile Rd

    General Information

    Property type
    Land
    Lot Size
    1,373,447 SF

    HighLights

    • 31.53‑acre commercial land parcel available in Farmington Hills, MI.
    • 16 buildable acres.
    • RA‑1B zoning.
    • Existing structures (110,240 sq ft) to be demolished, except for a chapel requiring incorporation into future development.
    • 1,670 feet of Inkster Road frontage and 1,050 feet of Twelve Mile Road frontage.
    • Sloping terrain.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmington Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3207756
    Latitude
    42.5023119

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    FAQs

    What type of property is this?
    Land - 31.53 Acres, $2M Asking Price
    Where is this land located?
    The property is located at 27400 12 Mile Rd Farmington Hills, MI.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: 31.53-acre commercial land parcel available in Farmington Hills, MI.; 16 buildable acres.; RA-1B zoning.
    (248) 948-4182
    Request Owner's contact information
    27400 12 Mile Rd Farmington Hills, MI 48334
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    Farmington Hills, MI 48334
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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
    27400 12 Mile Rd Farmington Hills, MI 48334
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