28625 Grand River AveFarmington Hills, MI 48336

Property Details for 28625 Grand River Ave

Year built

1957

Lot size

0.18 AC

Property size (Sq ft)

2,002 SF

Zone code

BI

Property type

Retail space

APN

22-23-36-376-005

APU

222336376005

Description

This 750-square-foot free-standing warehouse, located at 28625 Grand River Avenue in Farmington Hills, Michigan, presents a fantastic opportunity for a small business seeking a functional and conveniently located space. Built in 1957, the property boasts a 12-foot ceiling height, providing ample vertical storage capacity. The warehouse features one dock-high door for easy loading and unloading of goods. The property is served by 220-volt power, suitable for a variety of industrial applications. The zoning is designated as Commercial Business, making it suitable for a range of uses. The entire 750 square feet is currently vacant and available for lease. The property's address is 28625 Grand River Avenue, Farmington Hills, MI 48336, situated within the Farmington/Farm Hills submarket of Oakland County. The Assessor's Parcel Number (APN) is 2336376005. This single-tenant property offers a straightforward and efficient workspace, perfect for businesses needing a manageable and accessible location. Its location within the thriving Farmington/Farm Hills submarket provides excellent access to transportation routes and local amenities. This is a rare opportunity to secure a well-maintained warehouse in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $503,796

  6.5%

  $465,042

  7%

  $431,825

• Comparable approach

  Method

  Valuation

  Relative Method

  $471,913

  Geo Method

  $471,913

• Alternative Use

  Use

  Valuation

  Residential

  $392,281

  Hospitality

  $359,327

  Educational

  $298,956

  Medical

  $309,237

  Retail

  $465,042

Location Insight

City

Farmington Hills

County

Oakland

State

Michigan

Latitude

42.4449

Longitude

-83.3295

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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