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Property profile

28000 Middlebelt Rd Farmington Hills, MI 48334

OFF-MARKET
Office Spaces
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10,864 SF 0.78 ac lot Built 1971

Property summary

AI-generated overview

This exceptional investment opportunity presents a 10,864-square-foot, two-story office building situated on a 0.78-acre lot in Farmington Hills, Michigan. The property, located at 28000 Middlebelt Road, boasts excellent visibility from Middlebelt and 12 Mile Road, offering easy access to I-696. Built in 1971 and renovated in 1986, the Class D building is currently vacant and in a cold shell condition, presenting a blank canvas for a complete renovation. The property includes a full basement and ample surface parking with 62 spaces. The asking price is $600,000. This property is zoned for office use and features curb cuts on both 12 Mile and Middlebelt Roads. The APN is 22-23-12-351-010. This presents a unique chance to acquire a substantial property in a prime location, ideal for redevelopment or adaptive reuse. The building's size and location offer significant potential for a variety of commercial uses. The substantial lot size provides ample space for expansion or additional parking. This is a rare opportunity to acquire a large, well-located property at a competitive price.

Property profile

Verified
Property type Office Spaces
Year built 1971
Total area 10,864 SF
Lot 0.78 ac (33,977 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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