Property summary
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
VerifiedCap rate & NOI
Current use
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HVAC Service
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General Contractor Renovation Specialist
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
BI · Farmington, MIZoning
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Zoning designation
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