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    23943 Industrial Park Dr Farmington Hills, MI 48335

    Sponsored
    For Lease
    $12 SF/Yr ($5,000 /Mo)

    5,000 SF Flex Space - I-1 Zoning

    Lot size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5,000-square-foot flex space, located at 23943 Industrial Park Drive in Farmington Hills, Michigan, presents a fantastic opportunity for businesses seeking a versatile and functional industrial property. The single-tenant building, constructed in 1970, sits on a 0.69-acre lot and offers ample space for a variety of uses, thanks to its I-1 industrial zoning. The building is a single-story structure with a total of 5,000 square feet of vacant space, making it ideal for immediate occupancy. The property boasts nine convenient parking spaces for employees and clients. The property's address is 23943 Industrial Park Dr, Farmington Hills, MI 48335, within Oakland County. The Assessor's Parcel Number (APN) is 23-30-201-011. This property is perfect for businesses needing a well-maintained, readily available space in a prime location. The entire 5,000 square feet is currently vacant, allowing for complete customization to suit specific business needs. Its location in Farmington Hills offers easy access to major transportation routes, making it a strategic choice for businesses needing efficient logistics. Don't miss this chance to secure this highly desirable industrial space.

    Property Features for 23943 Industrial Park Dr

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,000 SF
    Total Rate
    5000

    Building Details

    Year Built
    1970
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 23943
    Size
    5,000 SF
    Rate per SF
    $12

    HighLights

    • 5,000 SF Industrial Space Available for Lease
    • 12' Overhead Door, Office/Warehouse Combo
    • Excellent Freeway Access via M‑5, I‑275, and I‑96
    • Modern Building Featuring Glass Curtain Wall at Entrance
    • High Traffic Counts: 19,000+ VPD on 10 Mile Road, 34,000+ VPD on Grand River Avenue
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    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 Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4242257
    Latitude
    42.4646704

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    FAQs

    What type of property is this?
    Flex space - 5,000 SF Flex Space - I-1 Zoning
    Where is this flex space located?
    The property is located at 23943 Industrial Park Dr Farmington Hills, MI.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 5,000 SF Industrial Space Available for Lease; 12' Overhead Door, Office/Warehouse Combo; Excellent Freeway Access via M-5, I-275, and I-96
    Request Owner's contact information
    23943 Industrial Park Dr Farmington Hills, 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
    23943 Industrial Park Dr Farmington Hills, MI 48335
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