37000 Grand River AveFarmington Hills, MI 48335

Property Details for 37000 Grand River Ave

Year built

1985

Lot size

5.15 AC

Property size (Sq ft)

81,608 SF

Zone code

BI

Property type

Office buildings

APN

22-23-20-300-030

APU

222320300030

Description

This exceptional Class A office building, located at 37000 Grand River in Farmington Hills, Michigan, offers a sophisticated and sensible workspace solution. The 81,423 square foot building, situated on a 5.15-acre lot, underwent renovations in 2017, complementing its original 1986 architecture with modern improvements. Multiple tenancy options are available, with spaces ranging from a minimum of 1,678 square feet to a maximum contiguous space of 4,599 square feet. Currently, 10,826 square feet of space is vacant and ready for immediate occupancy. The building boasts three stories and ample parking with 305 spaces. Its convenient location in Oakland County, with a Farmington Hills zip code of 48335, provides easy access for employees and clients. The property is zoned for office use (APN: 23-20-300-030) and offers the style, accessibility, comfort, and amenities necessary for forward-thinking businesses. This is an excellent opportunity to secure prime office space in a thriving Michigan market.

• CAP approach

  CAP return

  Valuation

  6%

  $13,970,305

  6.5%

  $12,895,667

  7%

  $11,974,547

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,633,612

  Geo Method

  $7,633,612

• Alternative Use

  Use

  Valuation

  Residential

  $15,990,626

  Hospitality

  $14,647,328

  Educational

  $12,186,405

  Medical

  $12,605,514

  Retail

  $18,956,630

Location Insight

City

Farmington

County

Oakland

State

Michigan

Latitude

42.4693

Longitude

-83.4141

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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