37483 Interchange DrFarmington Hills, MI 48335

For Sale
  • Manufacturing properties
  • 21,830 SF

Property Details for 37483 Interchange Dr

Year built
1981
Lot size
1.11 AC
Property size (Sq ft)
21,830 SF
Zone code
II
Property type
Manufacturing properties
APN
22-23-19-252-018
APU
222319252018

Description

This exceptional 16,284-square-foot industrial property, located at 37483 Interchange Drive in Farmington Hills, Michigan, presents a unique investment or leasing opportunity. The building, constructed in 1981, features a flexible design encompassing warehouse and flex space, ideal for a variety of businesses. The single, two-story building sits on a 1.04-acre lot and boasts a generous 21-foot ceiling height, providing ample storage and operational space. Two loading docks ensure efficient loading and unloading, complemented by 64 total parking spaces for employees and visitors. The property is zoned IRO and enjoys excellent freeway access via I-696, I-96, I-275, and M-5, easily accessible through Halsted Road/Grand River Avenue and 12 Mile Road/M-5 interchanges. Signage opportunities are available on Halsted Road. The current configuration includes approximately two-thirds office space, which is adaptable to tenant needs. Floor plans are available upon request. The lease rate will be determined based on market conditions, tenant improvements, lease term, and creditworthiness. The sale price is also to be determined. The entire 16,284 square feet is currently vacant. This property offers significant potential for businesses seeking a strategic location with excellent accessibility and adaptable space. The zip code is 48335.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,277,465
    Hospitality
    $3,918,135
    Educational
    $3,259,842
    Medical
    $3,371,954
    Retail
    $5,070,866
37483 Interchange Dr, Farmington Hills, Michigan

Location Insight

City
Farmington Hills
County
Oakland
State
Michigan
Latitude
42.4762
Longitude
-83.4174
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,539
$72,720
$415,410
$488,130
-
$145,440
$830,820
$976,260

FAQs

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