31030 Grand River Ave Farmington, MI 48336
- Retail space
- 1,284 SF
- 0.25 lot acres
Current Use by Public Records
- Retail space
Property Details for 31030 Grand River Ave
- Year built
- 1963
- Lot size
- 0.25 lot acres
- Property size
- 1,284 SF
- Zone code
- C2
- Property type
- Retail space
- APN
- 20-23-26-357-029
- APU
- 202326357029
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Farmington
- County
- Oakland
- State
- Michigan
- Longitude
- -83.3544
- Latitude
- 42.4558
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
