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: |
$9.85 PSF |
| Ceiling: |
10 ft. / 16 ft. Clear |
| Docks/Doors: |
2 Docks, 2 Doors |
| Property Use Type: |
Vacant/Owner-User |
| Sale Terms: |
Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
1/30/2023 |
Overview / Comments
|
Price Reduced for quick sale. 3-story historical building in Downtown Farmington. Great loft or redevelopment opportunity. Currently multi-tenant rental income property. Possible MEDC redevelopment site.
|
Financials
| Finance Data Year |
2021 |
| Real Estate Taxes - Annual($) |
$15,452 (Annual) |
| Finance Data Year |
2018 |
| Real Estate Taxes - Annual($) |
$14,750 (Annual) |
| Finance Data Year |
2017 |
| Real Estate Taxes - Annual($) |
$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 |
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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