33224 Grand River Ave - Freestanding FOR SALE


Farmington, MI 48336- Downtown Farmington
$2,500,000 USD
248-701-9001
33224 Grand River Ave, Farmington, MI for Sale
$2,500,000 USD
Freestanding - FOR SALE
1/12
null | Request Cap Rate

33224 Grand River Ave
Farmington, MI 48336
Downtown Farmington


HIGHLIGHTS

  • 14,000 SF free-standing building on 0.69 acres in the heart of Farmington’s CBD
  • Market study and appraisal support a 40,000 SF four-story mixed-use building
  • Best use is 5,000 SF of ground-floor retail and 40 multifamily units on three upper floors
  • Opportunity to transform an underutilized site into a vibrant mixed-use destination
  • Excellent visibility with 150 feet of frontage along Grand River Ave
  • Limited new residential supply in this CBD has been delivered in recent years

OVERVIEW

14,000 SF free-standing retail building on 0.69 acres presents a rare and highly attractive redevelopment opportunity. Backed by a market study and appraisal confirming its highest and best use, the site is ideally suited for a mixed-use project that enhances both community vibrancy and long-term investment value. The highest and best use envisions 5,000 SF of ground-floor retail—split into two highly marketable 2,500 SF suites—paired with 40 modern one- and two bedroom multifamily units across three upper floors. This project would deliver much-needed housing to downtown Farmington, where demand continues to outpace supply. While numerous residential developments have been proposed in and around the CBD, limited new product has been delivered in recent years. As a result, new, high-quality units in this walkable and amenity-rich location would be exceptionally well-received by prospective renters Located on the north side of Grand River Ave, just east of Farmington Rd inwalkable downtown Farmington. Neighbors nearby include Fresh Thyme, CVS, Starbucks, and 200+ downtown Farmington businesses.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$176 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1911

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

BI

APN/PARCEL ID

23-27-153-021

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.