33515 State St Farmington, MI 48335-3555
This exceptional 2,000 square foot executive office building presents a rare owner-user opportunity in desirable Farmington, Michigan. Located at 33515 State St, this two-story property, built in 1920, sits on a 0.28-acre lot (APN 23-28-280-002) and is zoned OS - Office Service. The asking price is $520,000, translating to $260 per square foot. The building offers convenient on-site parking and is within easy walking distance of Downtown Farmington's vibrant array of dining, entertainment, and retail establishments. Additional municipal parking is also readily available nearby. City water and sewer services are connected to the property. This presents a unique chance to acquire a well-situated, established office space in a thriving community. The building's classic architecture and prime location combine to offer a compelling investment for an owner-occupier seeking a blend of convenience and prestige. This is a truly exceptional opportunity to establish a business presence in a highly sought-after area. Don't miss this chance to own a piece of Farmington's commercial landscape.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
OS · Farmington, MIFarmington. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.