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Property profile & analytics
FOR LEASE
Retail space

28625 Grand River Ave Farmington Hills, MI 48336

2,002 SF 0.18 ac lot Built 1957
Individually Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US43-0828960
Property summary
AI-generated overview

This 750-square-foot free-standing warehouse, located at 28625 Grand River Avenue in Farmington Hills, Michigan, presents a fantastic opportunity for a small business seeking a functional and conveniently located space. Built in 1957, the property boasts a 12-foot ceiling height, providing ample vertical storage capacity. The warehouse features one dock-high door for easy loading and unloading of goods. The property is served by 220-volt power, suitable for a variety of industrial applications. The zoning is designated as Commercial Business, making it suitable for a range of uses. The entire 750 square feet is currently vacant and available for lease. The property's address is 28625 Grand River Avenue, Farmington Hills, MI 48336, situated within the Farmington/Farm Hills submarket of Oakland County. The Assessor's Parcel Number (APN) is 2336376005. This single-tenant property offers a straightforward and efficient workspace, perfect for businesses needing a manageable and accessible location. Its location within the thriving Farmington/Farm Hills submarket provides excellent access to transportation routes and local amenities. This is a rare opportunity to secure a well-maintained warehouse in a desirable location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1957
Total area 2,002 SF
Lot 0.18 ac (7,884 SF)
Zoning code BI
APN 22-23-36-376-005
UPID US43-0828960
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Michael Griffin · 4 yrs held
Michael Griffin
since 2022
Last sale
$196,000
4 recorded transactions
2022
Price N/A
2021
$196,000
2021
Price N/A
2010
$205,000
Zoning & alternative use
BI · Farmington Hills, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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