Property profile

37810 Grand River Ave Farmington, MI 48335

FOR SALE
Commercial land
Property ID
US43-5231303
0.86 ac lot
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 0.86-acre commercial land parcel presents a unique investment opportunity in the thriving Farmington, Michigan market. Located at 37810 Grand River Ave, this property boasts a prime location at the busy intersection of Grand River Avenue and 10 Mile Road, ensuring high visibility and accessibility. Its strategic position offers easy access to major expressways including M-5, I-69, and I-696, facilitating seamless transportation for businesses and customers. The property features two convenient curb cuts, enhancing operational efficiency. The high traffic count makes this an excellent site for a variety of commercial ventures. The area is already home to a concentration of successful businesses, including several prominent car dealerships such as BMW, Nissan, Mazda, Audi, Porsche, Suburban Chrysler Dodge Jeep Ram, and Buick GMC, all within a one-mile radius. The asking price for this exceptional parcel is $1,200,000. The property's location and high visibility make it an ideal site for a variety of commercial developments, offering significant potential for return on investment. The parcel is situated in Oakland County, Michigan, with a zip code of 48335. Prominent signage opportunities further enhance the property's marketing potential. This is a rare opportunity to acquire a highly visible and strategically located commercial land parcel in a thriving market.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.86 ac (37,462 SF)
Zoning code BV
APN 22-23-19-452-023
UPID US43-5231303

Cap rate & NOI

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

Location

37810 Grand River Ave Farmington, MI 48335
Farmington metro Census 168400 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$705k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$660k

Owner & transaction history

since 2021
Last sale
$632,500
3 recorded transactions
2021
$632,500
2006
Price N/A
2006
$632,500

Zoning & alternative use

BV · Farmington, MI

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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