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    23227 Commerce Dr Farmington Hills, MI 48335

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    For Lease
    Contact for pricing

    59,564 SF Flex Building, Oakland County

    Lot size:
    59,564 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 59,564-square-foot flex building, situated on a 5.04-acre lot in the Farmington/Farm Hills submarket of Oakland County, presents a unique investment opportunity. Built in 1998, this single-story structure boasts a 20-foot clear height warehouse, perfectly suited for a variety of industrial uses. The warehouse area is fully air-conditioned, equipped with 480-volt power, buss duct, and ample skylights for natural illumination. Two grade-level doors and two truckwells ensure efficient loading and unloading. The building also includes 25,838 square feet of office space, adaptable to lab, assembly, or additional warehouse needs. With 98 total parking spaces and convenient access via Commerce Drive and 10 Mile Road, this property is strategically located within an industrial/manufacturing zoned area. The building's attractive design and well-maintained condition make it an ideal choice for businesses seeking a functional and versatile space. The asking price is $6,250,000, translating to $104.93 per square foot. This property offers significant potential for growth and return on investment. The building features two dock-high doors. Electrical service is 1000 amps, 480 volts.

    Property Features for 23227 Commerce Dr

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    59,564 SF

    Building Details

    Year Built
    1998
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    59,564 SF

    HighLights

    • 59,564 square feet available for lease or sale.
    • 25,838 square feet of office space, convertible to lab or warehouse use.
    • 20' clear height warehouse.
    • Two grade‑level doors and two truckwells.
    • Attractive, well‑maintained flex building.
    • 100% air‑conditioned warehouse with 480‑volt power, buss duct, and skylights.
    Property Profile Location Intelligence

    Current Use by Public Records

    Life science properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage 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
    -83.4268428
    Latitude
    42.4580854

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    FAQs

    What type of property is this?
    Life science property - 59,564 SF Flex Building, Oakland County
    Where is this life science property located?
    The property is located at 23227 Commerce Dr Farmington Hills, MI.
    What are key features of this property?
    This property features: 59,564 square feet available for lease or sale.; 25,838 square feet of office space, convertible to lab or warehouse use.; 20' clear height warehouse.
    Request Owner's contact information
    23227 Commerce 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
    23227 Commerce Dr Farmington Hills, MI 48335
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