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Built
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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!!

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© 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Nexus are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-09-16T20:57:07.017.
www.nexushomesearch.com/homes/114177189
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29222 Grand River Avenue Farmington Hills, MI 48336

  • Price: $999,999
  • Status: Active
  • Updated: 50 min ago
  • ID#: 2210009386
0
Beds
0
Baths
0
½ Baths
0.31
Acres
10,325
SQFT
$97
$/SQFT
1950
Built
Neighborhood:
Assr's Richland State Sub
County:
Oakland
Area:
Farmington Hills
School District:
CLARENCEVILLE
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!!
Exterior Features

Airport YN Yes Architecture Level 2 Story Commercial Exterior Features Outside Lighting Construction Materials Block/Concrete/MasonryStone Foundation Details Slab Foundation Materials Block Interstate YN Yes Lot Size Dimensions 164 X 105 X 100 X 116 Railroad YN Yes Road Frontage Feet 164 Road Frontage Type PavedPub. Sidewalk Roof Material Rubber Waterfront YN No Waterway YN No

Interior Features

Commercial Utilities Fire SprinklerSmoke Alarm Heating Cooling Central AirForced Air Heating Fuel Natural Gas Office Heating Cooling Central AirForced Air Room Count 0 Sq Ft Main 10325 Sq Ft Office 5400 Unit Efficiency Number Of 0 Unit One Bed Number Of 9 Unit Three Bed Number Of 0 Unit Two Bed Number Of 0 Water Heater Fuel Natural Gas

Property Features

Apod Available YN Yes Assessment 0 Buildings List ShedOther Business Type RetailService Commercial Type Commercial Current Use Apartment Units/Commercial Storefront Encroachment YN No Gross Scheduled Income 129900.00 Land Contract YN No Legal Rental Certified YN Yes Listing Financing CashConventional Monthly Sales 10825 Net Operating Income 97581.00 Operating Expense 32319.00 Ownership Status Private OwnedShort Sale - No Percent Leased 100 Possession At Close Postal City Farmington Hills Protection Period 365 Restrictions YN No Settlement City Sewer Sewer At StreetSewer-Sanitary Short Sale No Tax Amount Summer 10847.0000 Tax Amount Winter 469.0000 Title Private - Owned Total Tax 11316.0000 Unparsed Address 29222 GRAND RIVER AVE Water Source Municipal WaterWater At Street Year Remodeled 2020 Zoning CommercialMulti-Family

IDX provided courtesy of Realcomp II Ltd., via Keller Williams Legacy and Realcomp, ©2021 Realcomp II Ltd. Shareholders.


© 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Nexus are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-09-16T20:57:07.017.
 
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RE/MAX Nexus
255 E. Brown St - Suite 205
Birmingham MI, 48009