32709 Northwestern Hwy
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32709 Northwestern Hwy
3,253 SF Retail Building Farmington, MI 48334 $550,000 ($169/SF)
Investment Highlights
- Great Highway Visibility
- Great Retail Demographics
- Two new Apartment Developments coming within walking distance.
- Close Proximity to Complimentary Businesses
- High Traffic Counts
Executive Summary
PRICE REDUCED $150,000!!!! (Property prior priced at $845,000)
PRICE REDUCED AGAIN $250,000 (Property prior priced at $745,000)
NOW: $550,000
PRICE REDUCED AGAIN $250,000 (Property prior priced at $745,000)
NOW: $550,000
Taxes & Operating Expenses (Actual - 2021) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$3,742
|
$1.15
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$3,742
|
$1.15
|
Taxes & Operating Expenses (Actual - 2021)
| Taxes | |
|---|---|
| Annual | $3,742 |
| Annual Per SF | $1.15 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $3,742 |
| Annual Per SF | $1.15 |
Property Facts
Sale Type
Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,253 SF
Building Class
C
Year Built
1950
Price
$550,000
Price Per SF
$169
Tenancy
Single
Building Height
1 Story
Building FAR
0.50
Lot Size
0.15 AC
Zoning
BI - General Business (B-3): This Ordinance provides sites for more diversified business types.
The City of Farmington Hills is flexible on this site.
Parking
7 Spaces (2.15 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 23-02-177-005 | Total Assessment | $95,660 (2024) |
| Land Assessment | $28,980 (2024) | Annual Taxes | $3,742 ($1.15/SF) |
| Improvements Assessment | $66,680 (2024) | Tax Year | 2021 Payable 2021 |
PROPERTY TAXES
Parcel Number
23-02-177-005
Land Assessment
$28,980 (2024)
Improvements Assessment
$66,680 (2024)
Total Assessment
$95,660 (2024)
Annual Taxes
$3,742 ($1.15/SF)
Tax Year
2021 Payable 2021
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32709 Northwestern Hwy
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