34500 Grand River Avenue

34500 Grand River Avenue, Farmington Hills, MI 48335

Off-Market

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 133,841 SF
  • Lot Size 23 Acre
  • Parking Spaces Avail. 307
  • Parking Ratio 2.30 / 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class A
  • Year Built 2005

Location

Getting Around

  • Walk Score ®

    43/100 Car-Dependent
  • Bike Score ®

    41/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Farmington Hills, MI
  • Neighborhood Farmington Hills
  • Zip Code 48335
  • Market Detroit

Points of Interest

Fuel station

Mobil

0.42 miles

Sunoco

1.26 miles

Marathon

1.31 miles

Shell

1.40 miles

BP

1.45 miles

Shell

1.58 miles

Sunoco

1.79 miles

Exxon

1.85 miles

Sunoco

1.93 miles

Mobil

2.02 miles

Parking

Public Parking

0.68 miles

Lot 8

1.61 miles

Lot 7

1.62 miles

Lot 6

1.64 miles

Lot 9

1.68 miles

Lot 5

1.80 miles

Lot 4

1.80 miles

Lot 2

1.90 miles

Lot 1C

1.91 miles

Lot 1B

1.93 miles

Restaurants

Papa John's

0.17 miles

Farmington Deli

0.17 miles

Panera Bread

0.18 miles

Gift of India

0.18 miles

House of Lee

0.21 miles

Hungry Howie's

0.34 miles

McDonald's

0.37 miles

Subway

0.39 miles

La Marsa

0.51 miles

Coolhenry Restaurant

0.72 miles

Stores

China Merchandise

0.19 miles

Worldwide Center

0.21 miles

Busch's

0.49 miles

Fresh Thyme

0.85 miles

TJ Maxx

0.93 miles

India Grocers

1.46 miles

Kushi Grocers

1.48 miles

Zamzam Fresh Foods

1.51 miles

Big Lots

1.69 miles

Farmington Plaza Shopping Center

1.72 miles

Safety

Medilodge of Farmington

0.20 miles

Rite Aid

0.51 miles

CVS Pharmacy

0.73 miles

Jill's Pharmacy

0.78 miles

Farmington Village Pharmacy

1.03 miles

Farmington Hills Fire Station #1

1.27 miles

Taylor Prescriptions

1.37 miles

Walgreens

1.61 miles

BMC Urgent Care

1.63 miles

Farmington Hills Police Department

1.69 miles

Contacts

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Owner

  • True Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Farmington Hills

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Farmington Hills Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2021 Avg. Asking Rent $22.37
  • 2021 Office Vacancy Rate 19.68%
  • 2021 Office Completions (SF) 200,000

Farmington Hills Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2021 Avg. Price per SF $82.06
  • 2021 Office Sales Volume $18.5M
  • 2021 Number of Transactions 3
View more Farmington Hills market trends

Frequently Asked Questions

What is the total square footage of 34500 Grand River Avenue?

34500 Grand River Avenue totals 133,841 square feet.

When was this property built?

34500 Grand River Avenue was built in 2005.

What is the market value for 34500 Grand River Avenue?

The market value* for 34500 Grand River Avenue in 2022 was $7,718,360.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

Tax

  • Market Value* $7,718,360
  • Assessed Value $7,718,360

Find more tax info, including assessment history and abatements, on CommercialEdge.

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

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