Farmington MI Commercial for Sale
$3,500,000
31519 W 12 MILE Farmington Hills, MI 48334
- Type:
- Industrial
- Sq.Ft.:
- 8,108
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.57 Acres
- Year built:
- 1919
- Baths:
- MLS#:
- 60316389
ADDITIONAL INFORMATION
Building for sale: a beautifully renovated freestanding building hosting one of Michigan's finest Chinese restaurants as a tenant. Wonderful investment opportunity with a fabulous building and a 1st class tenant. This upscale establishment spans two levels of dining, includes an outdoor patio, and is equipped with an elevator. The property features prominent monument signage along bustling 12 Mile Road, strategically positioned just west of Orchard Lake Road and across from Starbucks. Situated in an area featuring restaurants, banks, and various amenities, this site was also formerly known as Tribute Restaurant and has been meticulously transformed to meet the highest standards of quality. Excellent freeway access and location. Building is fantastic condition as it was completely renovated in 2022. Tenant looking to sign new long-term lease with new owners. Please check out virtual tour: https://apphotography.hd.pics/31519-W-12-Mile-Rd
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Farmington Real Estate
The median home value in Farmington, MI is $341,100. This is higher than the county median home value of $304,600. The national median home value is $338,100. The average price of homes sold in Farmington, MI is $341,100. Approximately 60.72% of Farmington homes are owned, compared to 34.45% rented, while 4.82% are vacant. Farmington real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Farmington real estate agent to arrange a tour today!
Farmington, Michigan 48334 has a population of 83,749. Farmington 48334 is less family-centric than the surrounding county with 31.76% of the households containing married families with children. The county average for households married with children is 32.55%.
The median household income in Farmington, Michigan 48334 is $93,434. The median household income for the surrounding county is $86,275 compared to the national median of $69,021. The median age of people living in Farmington 48334 is 42.1 years.
Farmington Weather
The average high temperature in July is 82.8 degrees, with an average low temperature in January of 16.1 degrees. The average rainfall is approximately 32.6 inches per year, with 39.1 inches of snow per year.