Active
Office Condo Sale/Leaseback Investment
31884 Northwestern Hwy Farmington, MI 48075
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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.
Attachments
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