Property profile

31822 Grand Riv Ave Farmington, MI 48336

OFF-MARKET
Super regional malls
Property ID
US43-1213364
4,038 SF 0.32 ac lot Built 1986
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property is a retail/office suite within a single-story neighborhood shopping plaza on Grand River Avenue near Orchard Lake Road in Farmington. The space is approximately 1,050 square feet and is contained within one suite featuring a modernized exterior façade, expansive storefront windows, and an open interior layout with durable flooring and bright lighting, with areas that can support retail display, professional office use, medical or wellness uses, and service or specialty businesses. The plaza provides on-site lighted parking and customer access through the center, and the suite benefits from street frontage along Grand River Avenue. The site is zoned for commercial, office, retail, and service uses, supporting a range of permitted business types including retail shops, professional offices, medical or therapy practices, beauty and wellness services, tutoring or education centers, specialty food concepts, and neighborhood service providers. The broader area includes proximity to downtown Farmington and other retail nodes along Orchard Lake Road, with nearby residential neighborhoods, offices, and medical facilities contributing to a daytime population; the location is generally characterized as somewhat walkable and somewhat bikeable based on an indicated walk score of 66 and bike score of 43.

Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1986
Total area 4,038 SF
Lot 0.32 ac (13,939 SF)
Zoning code C2
APN 20-23-27-403-135
UPID US43-1213364

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Barber Shop

Location

31822 Grand Riv Ave Farmington, MI 48336-4124
Farmington metro Census 165000 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$490k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$490k

Owner & transaction history

since 2024
Last sale
$490,000
4 recorded transactions
2024
Price N/A
2022
$490,000
2000
Price N/A
2000
Price N/A

Zoning & alternative use

C2 · Farmington, MI
General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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