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    FOR SALE
    Commercial land

    29033 Grand River Ave, Farmington Hills, MI 48336

    1.13 ac lot
    Individually Owned 13-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-0295895
    Property summary
    AI-generated overview

    This exceptional 1.1-acre commercial land parcel, located at 29033 Grand River Avenue in Farmington Hills, Michigan, presents a unique investment opportunity. Zoned B-3, this property boasts 101 feet of prime Grand River frontage, ensuring high visibility and accessibility. Previously developed and serviced with city water and sewer, the site is development-ready, featuring one existing curb cut. The property's strategic location on Grand River Avenue, a high-traffic corridor with 35,000 vehicles passing daily, positions it ideally for a variety of commercial uses. Approved plans allow for apartments or commercial development, including drive-thru options, making it suitable for a range of businesses. Significant incentives are available through the Corridor Improvement Authority, further enhancing the return on investment. The parcel's APN is 22-23-36-306-013, and it's situated in Oakland County, Michigan, zip code 48336. All utilities are readily available on-site, minimizing development hurdles and accelerating project timelines. This prime location in the bustling "Auto Row" area offers unparalleled potential for significant growth and profitability. Don't miss this chance to acquire a highly desirable commercial development site in a thriving Michigan market.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 1.13 ac (49,049 SF)
    Zoning code BI
    APN 22-23-36-306-013
    UPID US43-0295895
    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
    Jasdeep Mann · 13 yrs held
    Jasdeep Mann
    since 2012
    1 recorded transaction
    2012
    $30,000
    Zoning & alternative use
    BI · Farmington Hills, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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