28315 Grand River AveFarmington Hills, MI 48336

Property Details for 28315 Grand River Ave

Year built

1968

Lot size

0.23 AC

Property size (Sq ft)

2,755 SF

Zone code

BI

Property type

Retail properties

Property subtype

Retail space

APN

22-23-36-452-001

APU

222336452001

Description

This exceptional 2,755 square foot freestanding retail and office building is situated on Grand River Avenue in Farmington Hills, Michigan, offering a high-visibility location with excellent traffic counts. The property boasts 11 dedicated parking spaces, a significant advantage in this area. Its single-story design provides convenient access and functionality. The building is available for sale or lease. This Grand River corridor location presents a unique opportunity, with potential eligibility for a site improvement reimbursement grant of up to $30,000. The property benefits from high daily traffic volume, exceeding 38,000 vehicles on Grand River Avenue. Its proximity to Beaumont Hospital Farmington Hills further enhances its appeal and accessibility. Strategically located just west of the Grand River and 8 Mile Road intersection, and on the south side of Grand River Avenue, just north of 8 Mile Road, this property offers unparalleled convenience and exposure. The property is located in Oakland County, Michigan, with a zip code of 48336.

• CAP approach

  CAP return

  Valuation

  6%

  $693,286

  6.5%

  $639,956

  7%

  $594,245

• Comparable approach

  Method

  Valuation

  Relative Method

  $649,411

  Geo Method

  $649,411

• Alternative Use

  Use

  Valuation

  Residential

  $539,827

  Hospitality

  $494,478

  Educational

  $411,400

  Medical

  $425,549

  Retail

  $639,956

Location Insight

City

Farmington Hills

County

Oakland

State

Michigan

Latitude

42.4436

Longitude

-83.3264

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].