31505 Grand River Avenue

Industrial for Sale
Sale Pending
Also listed as Special Purpose
Catylist Listing ID: 30356129
Property Subtypes: Free-Standing, Warehouse/Distribution
Status: Pending
Building Size (RSF): 50,646 SF
Gross Building Area: See Agent
Gross Land Area: 3.32 Acres
Sale Price: $499,000
Unit Price: $9.85 PSF
Ceiling: 10 ft. / 16 ft. Clear
Docks/Doors: 2 Docks, 2 Doors
Property Use Type: Vacant/Owner-User
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 1/30/2023

Overview / Comments

Price Reduced for quick sale. 3-story historical building in Downtown Farmington. Great loft or redevelopment opportunity. Currently multi-tenant rental income property. Possible MEDC redevelopment site.


Finance Data Year 2021
Real Estate Taxes - Annual($) $15,452 (Annual)
Finance Data Year 2018
Real Estate Taxes - Annual($) $14,750 (Annual)
Finance Data Year 2017
Real Estate Taxes - Annual($) $14,441 (Annual)

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Farmington / Farm Hills
Tax ID/APN: 20-23-27-478-006
Zoning: C-3
Property Located Between: Orchard Lake Rd.
Year Built: 1917
Roof Type: Flat
Construction/Siding: Steel Frame
Exterior Description: Brick
Total Parking Spaces: 110
Overhead Cranes: Undisclosed
Sprinklers: None
Heat Type: Other
Heat Source: Other
Lighting: Fluorescent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,232 100,529 266,503
Median Age: 41.33 41.33 42.8
Households: 5,917 42,605 112,335
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