Active

Office Condo Sale/Leaseback Investment

31884 Northwestern Hwy Farmington, MI 48075

1 / 23

Overview

Located near the intersection of Northwestern Hwy. & Middlebelt Rd.

Located in a professional office complex with a nature setting.

Condo has high-end finishes with reception area, copy room, conference room, large corner office with tons of natural light, (2) restrooms, (2) kitchenettes and (3) individual offices.

Several recent upgrades: Briggs & Stratton Back-up generator, Flooring, Lighting, Bathrooms.

Only unit in the building with a private walk-out patio.

Current Owner/Tenant: Estate and business planning attorney.

Current Owner will execute a new lease at closing.

Absolute Net Lease Terms: Tenant to pay operating expenses.

Condo association fee covers common area maintenance for the building.

For Sale

Office
Sale Price
$500,000
Price Per SF
$231.5/SF
Cap Rate
8.64%
Building Size
2,160 SF
Office SF
2,160 SF
Acres
2.217 ac
Zoning
OS-1
Gross Income
$43,200
Net Operating Income
$43,200
Sale Terms
Sale/Leaseback
Building Class
B
Number of Buildings
1
Floors
1
Year Built
1983
Construction Type
Framed
Rentable SF
2,160
Submarket
Farmington / Farm Hills
Nearest MSA
Detroit-Warren-Livonia
Property Status
Existing
County
Oakland
Created
2025-07-01
Updated
2025-07-01
Listing ID
aa8667c2
Parcel APN
2302279038

Placer Mobility Data