Address
29222 Grand River Avenue Farmington Hills, MI
Price
$ 999,999
Property Attributes
  • ID#2210009386
  • TypeCommercial
  • CountyOAKLAND
  • CityFarmington Hills
  • AreaFarmington Hills
  • NeighborhoodASSRS RICHLAND STATE SUB
  • Zip48336
  • StyleAPARTMENT UNITS/COMMERCIAL STOREFRONT
  • Year Built1950
  • Taxes$ 11316
  • Price$ 999,999
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage10325
  • Lot Size0.31 Acres
Listing Provided Courtesy Of:
Keller Williams Legacy
Data Source:
REALCOMP II LTD.
Property 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!!

Price History
2/11/2021 Listed $1,100,000
3/31/2021 10% - $999,999

General Features

Business Type Retail, Service
Commercial Type Commercial
Construction Materials Block/Concrete/Masonry, Stone
Cumulative Days on Market 94
Current Use APARTMENT UNITS/COMMERCIAL STOREFRONT
Gross Scheduled Income 129900.00
Heating Central Air, Forced Air
Listing Agent Public Id 370025
Net Operating Income 97581.00
Operating Expense 32319.00
Ownership Status Private Owned, Short Sale - No
Parcel Number 2336302008
Possession At Close
Property Type Commercial
School District Clarenceville
Sewer Sewer at Street, Sewer-Sanitary
Short Sale No
Status Active
Subdivision Name ASSR'S RICHLAND STATE SUB
Terms Offered Cash, Conventional
Total Sq Ft 10325
Transaction Type Sale
Year Built 1950
Year Remodeled 2020
Zoning Commercial, Multi-Family

Interior Features

Heating Fuel Natural Gas
Total Units 9
Unit Count 9

Exterior Features

Architecture Level 2 Story
Foundation Slab
Foundation Materials Block
Frontage Feet 164
Lot Size Area 0.31
Lot Size Dimensions 164 X 105 X 100 X 116
Roof Material Rubber
Water Source Municipal Water, Water at Street

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool


IDX provided courtesy of Realcomp II Ltd., via Stonway Group and The Originating MLS(found above), © 2021 Realcomp II Ltd. Shareholders. Shareholders. The information being provided is 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.

Data is updated as of May 17, 2021 4:20 PM UTC Information deemed reliable but not guaranteed. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of Realcomp Ltd

Property vs Zip Code Average in 48336

Price
AVG $360K
$1,000K
Taxes
AVG $12,373
$11,316
Visits
AVG 30
63
Year Built
AVG 1966
1950
Walkscore
AVG 53
56
Data Provided by Walkscore ® not using MLS data

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