32315 Grand River Ave - Freestanding FOR SALE


Farmington, MI 48336
$1,500,000 USD
248-701-9001
32315 Grand River Ave, Farmington, MI for Sale
$1,500,000 USD
Freestanding - FOR SALE
1/10
null | Request Cap Rate

32315 Grand River Ave
Farmington, MI 48336


HIGHLIGHTS

  • 11,736 SF Commercial Building on Grand River Ave
  • Prominent Grand River frontage with excellent exposure, connectivity, and accessibility for future users and residents
  • Immediate Occupancy with Future Redevelopment Potential
  • Adjacent ownership has expressed willingness to sell, creating a potential 1.37-acre development site
  • Properties are located within the Grand River Corridor Overlay District
  • Zoning supports a variety of residential, commercial, and mixed-use concepts

OVERVIEW

Positioned along the highly visible Grand River corridor and just steps from the heart of Downtown Farmington, 32315 Grand River Avenue presents one of the few opportunities to acquire, reposition, or redevelop a strategically located property within a mature and highly desirable suburban downtown district: PLAN A: For owner-users, the existing 11,736 SF commercial building offers an immediate occupancy opportunity well-suited for retail, medical, showroom, or service-oriented uses. Previously occupied by a furniture retailer, the property benefits from an established building footprint and access to approximately 100 shared parking spaces through an easement agreement with the neighboring office property. PLAN B: For developers seeking a transformative project, the 0.8-acre site is located within the Grand River Corridor Overlay District, providing enhanced development flexibility including increased density and building heights of up to four stories. The zoning framework supports a variety of mixed-use, residential, and commercial concepts, while eligible projects may qualify for valuable economic incentives, including Tax Increment Financing (TIF), helping improve overall project feasibility. PLAN C: An even greater opportunity exists through the potential acquisition of the adjacent property at 32323 Grand River Avenue. Combined, the assemblage expands the site to approximately 1.37 acres, encompassing the full Grand River frontage and existing parking field. With access to Corridor Improvement Authority (CIA) incentives, flexible zoning allowances, and a walkable location near Downtown Farmington's restaurants, shops, and amenities, the property offers a compelling infill development opportunity in one of metro Detroit's most desirable and established suburban downtown districts.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$128 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

C2

APN/PARCEL ID

23-27-451-067

ASK ABOUT THIS PROPERTY

Daniel BlugermanP.A. Commercial, LLCMore Info
248-701-9001

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Daniel BlugermanP.A. Commercial, LLCMore Info
248-701-9001

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