For Sale
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Property summary
This exceptional 46,468 square foot executive office building, located at 31500 13 Mile Road in Farmington Hills, Michigan (zip code 48334), presents a rare opportunity for owner-users or value-add investors. The property boasts a multi-tenant configuration, offering suites ranging in size from 315 square feet to 12,191 square feet, providing flexibility for various business needs. Its prime location in Oakland County offers convenient access to major freeways, ensuring easy commutes for employees and clients. The building features ample parking, smooth ingress and egress, and the potential for prominent monument signage on 13 Mile Road, enhancing visibility and brand recognition. Recent improvements significantly enhance the property's value and appeal, including a resurfaced parking lot, updated building exterior, a new roof on half of the building, upgraded mechanical systems, and fresh landscaping. The property's strong cash flow and significant upside potential make it an attractive investment prospect. This is a truly unique opportunity to acquire a well-maintained, strategically located office building in a thriving Michigan market. The building's excellent condition and recent upgrades minimize immediate capital expenditure needs, allowing for a smooth transition and immediate occupancy or lease-up. This is a turnkey solution for businesses seeking a high-quality office space or investors looking for a strong return on investment.
Property profile
VerifiedCap rate & NOI
Current use
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Oil & Natural Gas Company
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Factory Industrial Manufacturer
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(Bike/Boat/Book/etc) Store Corporate Office
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Accounting Firm
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Home Health Care Service
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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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
BI · Farmington Hills, MIZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for BI in Farmington Hills, MI.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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