29222 GRAND RIVER $965,000

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    29222 GRAND RIVER Farmington Hills, MI 48336

    Sold
    SOLD 12/29/2021

    $965,000

    Market Estimate
    • 10,325 sq. ft.
    • 0.31 Acres
    • Commercial
    • MLS# 40145027
    29222 GRAND RIVER, Farmington Hills, MI 48336
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    Listing provided courtesy of: Keller Williams Legacy - 313-752-0000
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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
      • Acreage 0.31
      • Area Municipality Farmington Hills (63231)
      • County Oakland
      • Originating MLS RealComp
      • Ownership Private
      • Subdivision ASSR'S RICHLAND STATE SUB
      • Total SqFt Finished 10325
      • Waterfront Y/N No
      • Year Built 19
      • ZONING Multi-Family,Commercial
    • Building Features
      • Exterior Construction Block, Stone
      • Exterior Features Security Lighting
      • Foundation Type Slab
      • Heating System Forced Air
      • FUEL TYPE Natural Gas
      • Roofing Rubber
    • Property Features
      • Water Public Water, Public Water at Street
      • Lot Size 164 X 105 X 100 X 116
      • Roads Paved Street
      • Sewer Septic Public Sanitary, Public At Street

    Neighborhood

    48336 (Farmington Hills) Demographics

    42 Median Age
    2,755 Population Density (per sq. mile)
    50% College Educated
    $66,913 Estimated Median Income
    7,407 Estimated Total Home Owners
    3,483 Estimated Total Renters
    68% / 32% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    25,040 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $295,750 Median Sales Price
    28 Homes Sold
    55 New On Market

    Average Days on Site

      Properties for Sale
        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        12/29/2021 3:00:00 AM Sold Source: Multiple Listing Service New Value: $965,000
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.