31505 Grand Riv Ave Farmington, MI 48336-4209

This exceptional 50,646-square-foot industrial property, located at 31505 Grand River Avenue in Farmington, Michigan, presents a compelling investment opportunity. The three-story building, constructed in 1917, sits on a 3.32-acre lot and boasts a C-3 zoning designation. The property features two grade-level doors and two dock-high doors, along with ample parking for 110 vehicles. Ceiling heights range from 10 to 16 feet, offering versatile space for various uses. Currently configured as a multi-tenant rental property, this building offers significant potential for redevelopment or repurposing. The substantial lot size and central Farmington location provide excellent redevelopment opportunities, potentially suitable for a MEDC project. The asking price is $499,000, translating to $9.85 per square foot of land value. The property includes office space adaptable to tenant needs. This is a rare chance to acquire a large, well-located industrial building with significant upside potential in a thriving Michigan community. The property's history and current configuration make it ideal for a variety of uses, from continued multi-tenant occupancy to complete redevelopment. The ample parking and convenient location add to its appeal.