Property profile

31015 Grand Riv Ave Farmington, MI 48336

OFF-MARKET
Office buildings
Property ID
US43-1347982
18,446 SF 3.41 ac lot Built 1964
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3.4-acre commercial property is ideally situated at the gateway to Farmington Hills, Michigan, at the prominent corner of Grand River and Merriman Roads. Boasting a highly desirable B3 General Commercial zoning designation, this land offers unparalleled flexibility for a wide range of commercial and mixed-use developments. The city actively encourages development and is eager to collaborate on various projects. The property currently features an existing 18,000 square foot building, presenting a unique opportunity for renovation, expansion, or repurposing. Its prime location ensures exceptional visibility and accessibility, making it an attractive investment for businesses seeking high-traffic exposure. The asking price for the land is $2,200,000. Alternatively, the property is also available for lease at a net rate of $15,000 per month, with both short-term and long-term lease options available. Located at 31015 Grand River Ave, Farmington Hills, MI 48336, in Oakland County, this property presents a compelling investment opportunity with significant potential for growth and return. The address is easily accessible via major roadways, offering convenient access for employees and customers.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1964
Total area 18,446 SF
Lot 3.41 ac (148,540 SF)
Zoning code BI
APN 22-23-35-101-005
UPID US43-1347982

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • HVAC Service
  • General Contractor Renovation Specialist

Location

31015 Grand Riv Ave Farmington, MI 48336-4227
Farmington metro Census 167300 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.80M
Blend (final) Blend
$540k

Owner & transaction history

since 2025
Last sale
$2.0M
7 recorded transactions
2025
$2.0M
2022
Price N/A
2021
Price N/A
2019
$1.3M
2017
Price N/A
2010
Price N/A
1969
Price N/A

Zoning & alternative use

BI · Farmington, MI
Top alternative use upside
Medical building $2.9M +35.6%
Auto repair, garage $2.3M +5.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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