31015 Grand Riv Ave, Farmington, MI 48336-4227
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.
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Amistee Inc HVAC Service
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Call a Pro General Contractor Renovation Specialist
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BI · Farmington, MIFarmington. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.