32330 Grand River AveFarmington, MI 48336

Property Details for 32330 Grand River Ave

Year built

1963

Lot size

0.28 AC

Property size (Sq ft)

2,400 SF

Zone code

C2

Property type

Grocery and convenience stores

APN

20-23-27-404-007

APU

202327404007

Description

This exceptional 2,400-square-foot retail property, located at 32330 Grand River Ave in Farmington, Michigan (48336), presents a fantastic opportunity for owner-users. The single-story, Class B building, constructed in 1963, sits on a C2-zoned lot (APN 23-27-404-007) and boasts a prominent street presence with excellent visibility. The vacant space offers immediate occupancy, starting April 1st, 2024, allowing for a swift business launch. Key features include abundant natural light from large windows, a highly visible pylon sign, and ample parking accommodating 14+ vehicles. The property's 2,400 square feet of net rentable space is priced at $137.50 per square foot, totaling $190,000. This convenient store/ storefront is perfect for a variety of retail uses and offers a strong foundation for business success in a thriving Oakland County location. The property's single-unit structure simplifies management, and its convenient location ensures high foot traffic and customer accessibility. Don't miss this chance to establish your business in a prime Farmington location.

• CAP approach

  CAP return

  Valuation

  6%

  $603,951

  6.5%

  $557,493

  7%

  $517,672

• Comparable approach

  Method

  Valuation

  Relative Method

  $565,730

  Geo Method

  $565,730

• Alternative Use

  Use

  Valuation

  Residential

  $470,266

  Hospitality

  $430,762

  Educational

  $358,389

  Medical

  $370,714

  Retail

  $557,493

Location Insight

City

Farmington

County

Oakland

State

Michigan

Latitude

42.4607

Longitude

-83.3656

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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