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    Property profile & analytics

    31505 Grand Riv Ave Farmington, MI 48336-4209

    • Warehouses
    • 50,646 SF
    • 3.32 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Nov 11, 2024
    $350,000
    Location Intelligence
    Property ID
    US43-0859315
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Haller Appraisal Services / Appraiser
    • Chimney swift sanctuary / Bird Watching Area
    • Denisa Rama Photography / Wedding Photographer
    • Duraclean Restoration & Cleaning Service / Carpet Cleaning Service / Service Establishment
    • Powerhaus Creative / Publisher

    Property Details for 31505 Grand Riv Ave

    Year built
    1917
    Lot size
    3.32 lot acres
    Property size
    50,646 SF
    Zone code
    C3
    Property type
    Warehouses
    APN
    20-23-27-478-006
    APU
    202327478006

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3575
    Latitude
    42.4561
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $17,022
    $0.00
    $0.00
    $484,800
    -
    $0.00
    $0.00
    $969,600

    Comparable in this City

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      5,988 SF

      30966 Grand Riv Ave

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      33200 9th Mile Rd

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      32777 Chesley Dr

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    • Value Estimation by Request
      116,057 SF

      33106 8th Mile Rd

      WAREHOUSE, STORAGE • 116,057 SF
      33106 8th Mile Rd, Farmington, MI 48336-5400
      View Details

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    Farmington, MI 48336-4209
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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