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    Property profile & analytics
    FOR SALE
    Commercial land

    37810 Grand River Ave, Farmington, MI 48335

    0.86 ac lot
    Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-5231303
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    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
    Lithia Real Estate INC · 5 yrs held
    Lithia Real Estate INC
    since 2021
    Last sale
    $632,500
    3 recorded transactions
    2021
    $632,500
    2006
    2006
    $632,500
    Zoning & alternative use
    BV · Farmington, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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