33515 State StFarmington, MI 48335

Property Details for 33515 State St

Year built

1920

Lot size

0.28 AC

Property size (Sq ft)

3,048 SF

Zone code

OS

Property type

Office buildings

APN

20-23-28-280-002

APU

202328280002

Description

This exceptional 2,000 square foot executive office building presents a rare owner-user opportunity in desirable Farmington, Michigan. Located at 33515 State St, this two-story property, built in 1920, sits on a 0.28-acre lot (APN 23-28-280-002) and is zoned OS - Office Service. The asking price is $520,000, translating to $260 per square foot. The building offers convenient on-site parking and is within easy walking distance of Downtown Farmington's vibrant array of dining, entertainment, and retail establishments. Additional municipal parking is also readily available nearby. City water and sewer services are connected to the property. This presents a unique chance to acquire a well-situated, established office space in a thriving community. The building's classic architecture and prime location combine to offer a compelling investment for an owner-occupier seeking a blend of convenience and prestige. This is a truly exceptional opportunity to establish a business presence in a highly sought-after area. Don't miss this chance to own a piece of Farmington's commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $521,781

  6.5%

  $481,644

  7%

  $447,241

• Comparable approach

  Method

  Valuation

  Relative Method

  $285,110

  Geo Method

  $285,110

• Alternative Use

  Use

  Valuation

  Residential

  $597,238

  Hospitality

  $547,067

  Educational

  $455,153

  Medical

  $470,807

  Retail

  $708,016

Location Insight

City

Farmington

County

Oakland

State

Michigan

Latitude

42.4637

Longitude

-83.3779

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].