33505 State St - Office FOR SALE


Farmington Hills, MI 48335- Downtown Farmington
$550,000 USD
248-701-9001
33505 State St, Farmington Hills, MI for Sale
$550,000 USD
Office - FOR SALE
1/5
null | 7.2% Cap Rate

33505 State St
Farmington Hills, MI 48335
Downtown Farmington


HIGHLIGHTS

  • Multi-tenant office investment opportunity
  • NOI of $40,0000 | 7.27% Cap Rate | 95% occupied
  • All major building systems have been replaced
  • Recently updated throughout including restrooms
  • Easy to lease & manage for new or experienced investors
  • Great location in walkable Farmington

OVERVIEW

Multi-tenant office building located in the heart of walkable Downtown Farmington. The property features smaller, fully leased suites that are easy to manage and consistently in demand. Boasting a strong NOI of $40,0000 and an impressive 7.27% Cap Rate, the property enjoys a remarkable 95% occupancy. Built in 1973 and recently renovated in 2024, ownership has invested in significant capital improvements, including replacement of all major building systems and updated restrooms, ensuring a seamless investment for both new and experienced investors. The building benefits from a highly favorable parking arrangement with the City of Farmington. An adjacent parcel provides public parking, and the city maintains the on-site lot to the same standard—handling cleaning, snow removal, salting, lighting, striping as needed, and general maintenance. Excellent location in desirable downtown Farmington. With a vibrant business community and strong local economy, the area provides a compelling environment for commercial real estate investment.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$121 USD /SF

CAP RATE

7.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,199 SF

ZONING

OS

APN/PARCEL ID

23-28-280-004

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.