29222 Grand River Avenue
Farmington Hills, MI 48336

$1,052,000

Description

PHENOMENAL INVESTMENT OPPORTUNITY! COMMERCIAL STOREFRONT AND 9 FULLY OCCUPIED APARTMENT UNITS!!! WELL-MAINTAINED BY THE SAME OWNER FOR OVER 20 YEARS, IMPROVEMENTS INCLUDE UPDATED FURNACE, CENTRAL AIR, CONCRETE WORK, WINDOWS, DOORS, PLUMBING, ELECTRICAL, EXTERIOR WALLS, AND COMPLETE REMODEL OF THE ENTIRE BUILDING INSIDE AND OUT! COMMERCIAL SPACE MEASURED AT 5,400 SQFT INCLUDES OVER 2000 SQ FT OF WAREHOUSE AND STORAGE SPACE THAT CAN BE CONVERTED TO ADDITIONAL APARTMENTS FOR ADDED INCOME! EXPANSIVE PARKING LOT AND SHIPPING DOOR CAN EXCEPT DELIVERIES FROM LARGEST SHIPPING TRUCKS. EXCELLENT LOCATION WITH A STRONG RESIDENTIAL AND COMMERCIAL NEIGHBORHOOD, CONVENIENTLY LOCATED WITHIN MINUTES OF DOWNTOWN FARMINGTON, EXPRESSWAYS, AND MORE SHOPPING! ADJACENT TO CITY OF FARMINGTON HILLS FIRE DEPARTMENT!!

Details

MLS#219006822
StyleRetail
Sub-TypeResale
StatusActive
Year1950
Days On Site148

Features

SQ Feet10,325
Story(s)1
Units7
ZoningCommercial,Multi-Family

Market Activity 48336

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Area Information

StateMI
CountyOakland
CityFarmington Hills
Zip Code48336
AreaFarmington Hills
Listing VS Median (in 48336)
Price:
$1,052,000
low | high
Med:
$217,000
100% of Average
SqFt:
10,325
low | high
Med:
1,619
100% of Average
$ / SqFt:
$102
low | high
Med:
$134
18.451104634368% of Average
On Site:
148
low | high
Med:
12
100% of Average
Listing Updated: 06/17/2019
MLS Number: 219006822
Listing Provided By:
Robert Kabbani  of  RE MAX Leading Edge
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by realcomp II Ltd.® MLS.