Exceptional investor or owner/user opportunity in the heart of Farmington's thriving Downtown. This mixed-use property includes two parcels 33409-33419 and 33423-33425 Grand River Avenue with a combination of office, retail, service, and entertainment/leisure spaces for diversified income. 14 reserved spaces with a large adjacent municipal lot.A;Prime Grand River Avenue frontage… Read More ensures excellent visibility in a highly walkable downtown surrounded by restaurants, shops, parks, and cultural attractions, with easy access to major freeways. Downtown Farmington is nationally recognized for its historic charm, vibrant pedestrian environment, and year-round events that draw consistent foot traffic including more than six million visitors from spring through fall 2024, according to statistics from Oakland County.A;Current tenants include Art 101, Nailz Salon, Three's Company Real Estate office, and The Beauty Bar. Recent vacancy is the 2,500 sq. ft. bar space with liquor license and is included in sale, offering a neutral build-out easily adaptable to a sports bar, restaurant, or specialty food and beverage concept. The two-story building has two 1,000 sq. ft. spaces available plus a couple of finished suites in the basement. This is a rare chance to secure a prime downtown asset ahead of continued redevelopment and growth in Downtown Farmington. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of City Life Realty, PC.
Listing Snapshot
Days Online
167
Last Updated
Property Type
Commercial
Square Ft.
10,032
Lot Size
0.32 Acres
Year Built
1933
MLS Number
20251027060
30 Days Snapshot Of 48335
$360k
+22%
(avg) sold price
8
0%
homes sold
45
-55%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Class A
Building
Built in 1933, 10,032 total square feet, 10,032 main square feet, Brick, Brick Veneer
Foundation
Crawl, Basement
Water Features
Public (Municipal)
Heating
Natural Gas
Lot
Lot size area: 0.32, Lot size dimensions: 106X133.6
Miscellaneous
Gross scheduled income: $91,850, Net operating income: $21,360, Operating expense: $70,490, Liquor, Service, Office, Retail, Real Estate Only
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