31690 12 Mile RdFarmington Hills, MI 48334

Property Details for 31690 12 Mile Rd

Year built

1981

Lot size

0.69 AC

Property size (Sq ft)

11,756 SF

Zone code

BI

Property type

Office buildings

APN

22-23-10-476-038

APU

222310476038

Description

This exceptional 11,649 square foot flex space building, located at 31690 W 12 Mile Rd in Farmington Hills, Michigan, presents a compelling investment opportunity. The property, situated on a 0.69-acre lot, offers a versatile layout suitable for single or multi-tenant occupancy, with flexible floor plans ranging from 2,500 to 11,649 square feet. Its prime location boasts excellent 12 Mile Road frontage, providing high visibility and accessibility. The building's strategic position offers convenient access to major freeways, placing it within easy reach of a wide range of businesses and employees. Furthermore, its proximity to numerous restaurants and retail establishments enhances its appeal and provides added convenience for occupants. The asking price for this multi-tenant office and industrial property is $1,300,000. This property is zoned for office and industrial use and presents a rare opportunity to acquire a well-located, adaptable space in a thriving market. The building's size and flexible floor plan make it ideal for a variety of businesses seeking a prominent presence in Oakland County. Don't miss this chance to own a valuable asset in a high-demand area. The zip code is 48334.

• CAP approach

  CAP return

  Valuation

  6%

  $2,012,485

  6.5%

  $1,857,679

  7%

  $1,724,988

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,099,656

  Geo Method

  $1,099,656

• Alternative Use

  Use

  Valuation

  Residential

  $2,303,522

  Hospitality

  $2,110,014

  Educational

  $1,755,506

  Medical

  $1,815,881

  Retail

  $2,730,788

Location Insight

City

Farmington Hills

County

Oakland

State

Michigan

Latitude

42.4997

Longitude

-83.3617

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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