30747 10 Mile RdFarmington Hills, MI 48336

Property Details for 30747 10 Mile Rd

Year built

1972

Lot size

0.66 AC

Property size (Sq ft)

8,346 SF

Zone code

BI

Property type

Retail properties

Property subtype

Retail space

APN

22-23-26-101-011

APU

222326101011

Description

This exceptional 11,362-square-foot warehouse, situated on a 0.66-acre lot at 30747 W 10 Mile Road in Farmington Hills, Michigan (48336), presents a compelling investment opportunity. Priced at $1,100,000, this industrial property boasts a wide-open floor plan ideal for various uses. A functional mezzanine adds valuable extra space, while features like a generator and LED lighting enhance efficiency and operational cost savings. The property includes 2,463 square feet of dedicated office space, providing ample room for administrative functions. The warehouse benefits from main road frontage on W 10 Mile Road, ensuring high visibility and convenient access. The improved corridor and proximity to a freeway further enhance its logistical advantages. Practical features such as epoxy floors and floor drains add to the property's functionality and ease of maintenance. This well-maintained warehouse is located in Oakland County and offers a blend of modern amenities and strategic location, making it an attractive option for businesses seeking a functional and accessible space. The property's size, features, and location combine to create a strong investment opportunity in a thriving Michigan market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,100,240

  6.5%

  $1,938,683

  7%

  $1,800,206

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,967,326

  Geo Method

  $1,967,326

• Alternative Use

  Use

  Valuation

  Residential

  $1,635,352

  Hospitality

  $1,497,973

  Educational

  $1,246,296

  Medical

  $1,289,158

  Retail

  $1,938,683

Location Insight

City

Farmington Hills

County

Oakland

State

Michigan

Latitude

42.4696

Longitude

-83.3531

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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