33409-33425 Grand River Ave

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33409-33425 Grand River Ave

Farmington, MI 48335
Asking Price
$1.60M
Asset Type
Office
Class
Class B

What's Special

33409-33425 Grand River Avenue is situated in downtown Farmington, Michigan, a walkable district characterized by a blend of historic architecture and modern retail. The property offers direct frontage on Grand River Avenue, a primary east-west thoroughfare providing efficient access to M-5 and the I-96/I-696 interchange. Within a short walking distance, tenants have access to diverse local dining options, banks, the Farmington Civic Theater, and several municipal parks. The building is suited for small-to-mid-sized professional service firms or satellite corporate offices. Given the proximity to local judicial and municipal facilities, the asset is an appropriate fit for legal practices, accounting firms, and insurance agencies. The layout and central location also support medical administrative services or creative agencies seeking a professional environment within a well-established suburban commercial corridor.

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NOI
$80,000
Cap Rate
5.00%
DSCR
0.84
Underwater
Cash-on-Cash
-3.12%
Monthly Payment
$7,915.927
Annual Cash Flow
$-14,991.124

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