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29222 GRAND RIVER Avenue $1,052,000

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29222 GRAND RIVER Avenue Farmington Hills, MI 48336

  • 10,325 sq.ft.
  • Commercial
MLS# 219006822 | Active

$1,052,000

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Days On Market: 92 4 Views
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Property Details

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!!

  • General Features
    • County Or Parish Oakland
    • Settlement City
    • Commercial Type Apartments, Commercial
    • Business Type Retail, Service
    • Current Use APARTMENT UNITS/COMMERCIAL STOREFRONT
    • Lot Size Area 0
    • Zoning Commercial, Multi-Family
    • Ownership Status Private Owned, Short Sale - No
    • Originating MLS Realcomp II Ltd
    • Year Built 1950
    • Year Remodeled 2018
    • Sqft Total 10,325
    • Number Of Units Total 9
    • Operating Expense $25,325
    • Net Operating Expense $99,954
    • Gross Scheduled Income $125,280
    • Tax Amount - Summer 9892.1000
    • Tax Amount - Winter 421.2000
  • Building Features
    • Foundation Details Slab
    • Construction Materials Block/Concrete/Masonry, Stone
    • Sqft Office 5,400
    • Office Heating Central Air, Forced Air
    • Unit One Bed Number Of 9
    • Unit Two Bed Number Of 0
    • Unit Three Bed Number Of 0
  • Property Features
    • Commercial Utilities Fire Sprinkler, Smoke Alarm
    • Road Frontage Type Paved, Pub. Sidewalk
    • Frontage Feet 164
    • Lot Size Dimensions 164 X 105 X 100 X 116
    • Water Source Municipal Water, Water at Street
    • Sewer Sewer at Street, Sewer-Sanitary
  • Schools
    • School District Farmington

Contact

Chris Banchoff

Sales Associate

RE/MAX Home Sale Services

Cell: 248-921-2755

Neighborhood

48336 (Farmington Hills) Demographics

42Median Age
2,939Population Density (per sq. mile)
48%College Educated
$55,660 Estimated Median Income
7,452Estimated Total Home Owners
3,693Estimated Total Renters
67% / 33%Estimated Owner / Renter Divide
2Estimated Average Household Size
26,716Total Population
Community data courtesy of LiveBy, Inc.

Market Last 30 Days

$0 Median Sales Price
0 Homes Sold
44 New On Market

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    Properties for Sale

      Property History

      Date Event Price Percent Change
      -- Current Price Source New Value: $1,052,000
      2/20/2019 9:41:43 PM Price Increased Source New Value: $1,052,000 5.73%
      2/20/2019 2:41:39 PM Price Reduced Source New Value: $995,000 -9.55%
      1/21/2019 5:42:00 PM New in Database Source New Value: $1,100,000

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      Listing information is provided through IDX through RealComp II Ltd. All information is deemed reliable but is not guaranteed. 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. Copyright 2019 Realcomp II Ltd. Shareholders.