For Sale
$879,990

21999 Farmington RdFarmington Hills, MI 48336

Seven-unit office building, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional income-generating property, located at 21999 Farmington Road in Farmington Hills, Michigan, presents a compelling investment opportunity. The 6,765 square foot Class C office building, constructed in 1978 and extensively renovated in 2023, boasts seven individual units totaling 6,565 net rentable square feet. Currently operating at 90% occupancy under a gross lease structure, the property offers a strong return on investment with an asking price of $879,990 ($130.08 per square foot). The building's diverse unit configuration includes features such as half baths, kitchenettes, reception areas, and conference rooms in select units. Shared amenities include two unisex half bathrooms in the main hallway, providing convenient access for all tenants. Two staircases provide access to a sizable finished basement, which also includes an additional half bathroom. This multi-tenant property is situated in Oakland County, Michigan, zip code 48336, and is ideally suited for medical or traditional office uses. The recent renovations ensure the building is in excellent condition and ready for immediate occupancy. This is a rare opportunity to acquire a well-maintained, income-producing asset in a desirable location.

Highlights

  • Income-producing Class C office building in Farmington Hills, MI.
  • 6,565 net rentable square feet in seven units, 90% occupied.
  • Recently renovated (2023), offering a strong ROI.
  • Asking price: $879,990 ($130.08/SF).
  • Features include unit-specific amenities (half baths, kitchenettes, reception areas, conference rooms) and shared amenities (unisex restrooms, finished basement).

Property Details for 21999 Farmington Rd

Property type
Office properties, Medical offices
Square Feet
6,765 SF
Class
C
Year Built/Renovated
1978/2023
Units
7

Location Insight

City
Farmington Hills
County
Oakland
State
Michigan
Latitude
42.453375
Longitude
-83.3764063
21999 Farmington Rd, Farmington Hills, Michigan

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21999 Farmington Rd
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