31525 W 12 Mile Rd - Hospitality FOR SALE


Farmington Hills, MI 48334- Farmington
$4,250,000 USD
248-226-1610
31525 W 12 Mile Rd, Farmington Hills, MI for Sale
$4,250,000 USD
Hospitality - FOR SALE
1/7
null | Request Cap Rate

31525 W 12 Mile Rd
Farmington Hills, MI 48334
Farmington


HIGHLIGHTS

  • Convenient location near I-696 and Orchard Lake Road with access to Detroit and regional business hubs.
  • Recent renovations create competitive floorplans and updated systems.
  • Large renter base in a supply-constrained suburban market with limited new development.
  • Adaptive reuse conversion offering cost advantages and reduced development risk.

OVERVIEW

This investment offering presents a unique adaptive reuse opportunity with the conversion of a former Radisson Hotel into an85-unit Class B apartment community. Priced significantly below replacement cost, the property provides investors with a rare chance to enter the multifamily market under favorable cost and risk conditions. The extensive renovation completed in2023 positions this asset competitively within a high-demand rental submarket dominated by limited new supply and sustained tenant need. Situated along West12 Mile Road, the property enjoys excellent connectivity with direct access to major transportation arteries, including I-696 and Orchard Lake Road, providing convenient commutes to Detroit, Novi, Southfield, and other employment hubs. The property’s suburban location offers proximity to retail destinations, employment centers, and regional medical and office complexes, ensuring steady tenant demand. The unit mix includes modernized layouts featuring updated systems and finishes, offering improved functionality over older assets in the area. Additionally, the property supports operational efficiencies through its85-unit scale, delivering solid exit liquidity for institutional and private buyers alike. For investors, Farmington Hills provides a recession-resilient market characterized by robust demographics, strong income levels, and a stable employment base, all of which support occupancy growth and long-term appreciation.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$33 USD /SF

# OF ROOMS

201

PRICE/ROOM

$21,144 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Former Radisson Multifamily Redevelopment

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1986

PARKING SPACES

292

LAND DETAILS

LAND ACRES

4.95 AC

LAND SF

215,622 SF

ZONING

BI

APN/PARCEL ID

23-15-201-270

ASK ABOUT THIS PROPERTY

Simon JonnaJonna GroupMore Info
248-226-1610

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Simon JonnaJonna GroupMore Info
248-226-1610

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.