Property summary
This freestanding industrial building, situated on a 2.3-acre lot in Farmington Hills, Michigan, presents a compelling investment opportunity. The 13,307-square-foot structure, built in 1978 and zoned for light industrial use, boasts a 14'6" ceiling height, ideal for various manufacturing and warehousing needs. The property includes 1,500 square feet of air-conditioned office space, enhancing its functionality. Access is provided by one dock-high door and two grade-level doors. Significant power is available with 1200 amps, 240 volts, and 3-phase power. The building is further equipped with one 1-ton and one ½-ton crane, adding to its operational capabilities. The partially paved and fenced yard is currently partially leased for RV/boat storage, offering potential for additional income. The existing tenant will be vacating, providing immediate occupancy for a new owner. This property is priced at $1,625,000 and offers a rare combination of size, features, and location within the desirable Farmington Hills market. The property's zoning and ample power supply make it suitable for a wide range of industrial uses. The existing infrastructure, including cranes and ample power, minimizes upfront capital expenditures for a new owner. The partially leased yard provides an immediate revenue stream and potential for future development. This is a turnkey opportunity for an investor or business seeking a well-equipped industrial space in a prime location.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
II · Farmington Hills, MIZoning
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Zoning designation
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The district profile from the municipal source: what is on file for II in Farmington Hills, MI.
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