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    31030 Grand River Ave Farmington, MI 48336

    Sponsored
    For Sale
    Contact for pricing

    Two Storefronts, High-Traffic Location

    Property size:
    1,284 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This Farmington, MI property offers two retail storefronts totaling 2,824 square feet, situated on a 0.32-acre lot along the bustling Grand River Avenue corridor. The building, constructed in 1949 and renovated in 1957, features one single-story structure with 33 parking spaces. The property is zoned C-2, allowing for a variety of retail uses. Individual units are available for sale separately: 31030 Grand River Ave (1,284 sq ft) is listed at $599,000, and 31036 Grand River Ave (1,540 sq ft) is listed at $300,000. Annual property taxes are $3,037.02 for 31030 and $4,361.28 for 31036. This presents a unique opportunity for investors seeking a high-traffic retail location in a thriving community. The property's size and zoning provide flexibility for various retail businesses. The ample parking further enhances its appeal to potential tenants and customers. This is an excellent opportunity to acquire a well-located retail property in Oakland County, Michigan.

    Property Features for 31030 Grand River Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,284 SF
    Lot Size
    13,939 SF

    Building Details

    Year Built/Renovated
    1949/1957
    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • 2,824 square feet of commercial space available.
    • 1,284 SF building at 31030 Grand River Ave. listed at $599,000.
    • 1,540 SF building at 31036 Grand River Ave. listed at $300,000.
    • C‑2 zoning.
    • Two‑unit building on Grand River Avenue.
    • Suitable for various retail uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3546868
    Latitude
    42.4559458

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    FAQs

    What type of property is this?
    Individual retail property - Two Storefronts, High-Traffic Location
    Where is this individual retail property located?
    The property is located at 31030 Grand River Ave Farmington, MI.
    What are key features of this property?
    This property features: 2,824 square feet of commercial space available.; 1,284 SF building at 31030 Grand River Ave. listed at $599,000.; 1,540 SF building at 31036 Grand River Ave. listed at $300,000.
    Request Owner's contact information
    31030 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
    31030 Grand River Ave Farmington, MI 48336
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