31030 Grand Riv Ave, Farmington, MI 48336-4226
This Farmington, MI property offers two retail storefronts totaling 2,824 square feet, situated on a 0.32-acre lot along the bustling Grand River Avenue corridor. The building, constructed in 1949 and renovated in 1957, features one single-story structure with 33 parking spaces. The property is zoned C-2, allowing for a variety of retail uses. Individual units are available for sale separately: 31030 Grand River Ave (1,284 sq ft) is listed at $599,000, and 31036 Grand River Ave (1,540 sq ft) is listed at $300,000. Annual property taxes are $3,037.02 for 31030 and $4,361.28 for 31036. This presents a unique opportunity for investors seeking a high-traffic retail location in a thriving community. The property's size and zoning provide flexibility for various retail businesses. The ample parking further enhances its appeal to potential tenants and customers. This is an excellent opportunity to acquire a well-located retail property in Oakland County, Michigan.
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
C2 · 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.