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Property profile

33224 Grand Riv Ave Farmington, MI 48336

OFF-MARKET
Retail space
Property ID
US43-1572048
View Sample
14,107 SF 0.69 ac lot Built 1911
Entity Owned Absentee Owner Free & Clear

Property summary

AI-generated overview

This exceptional 14,210-square-foot building, located at 33224 Grand River Ave in Farmington, Michigan, presents a unique leasing opportunity. Situated in the heart of Farmington's Central Business District (CBD), this single-tenant property offers unparalleled visibility thanks to its prominent location and large display windows. Originally constructed in 1911 and renovated in 1970, the building sits on a 0.689-acre lot and is zoned for a variety of uses, including retail, restaurant, and medical office space. Currently, 13,689 square feet are available for lease. The property's convenient design includes multiple entrances and ample parking, both public and private, ensuring easy access for customers and employees. Its versatile layout provides a blank canvas for businesses seeking a high-traffic location in a thriving submarket (Farmington/Farmington Hills). The 48336 zip code offers excellent access to major roadways and a strong local customer base. This prime location and flexible space make it an ideal choice for businesses looking to establish or expand their presence in the Farmington area. Don't miss this chance to secure a highly visible and accessible space in a desirable downtown setting.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1911
Total area 14,107 SF
Lot 0.69 ac (30,056 SF)
Zoning code CBD
APN 20-23-27-153-021
UPID US43-1572048

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
  • Clothing & Fashion Store (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.66M
Blend (final) Blend
$405k

Owner & transaction history

Zoning & alternative use

CBD · 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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