32315 & 32325 Grand River Ave

32315 & 32325 Grand River Ave , Farmington, MI 48334

Property Information

  • For Sale $2,140,000
  • Property Type Retail - Freestanding
  • Property Size 11,736 SF
  • Lot Size 1.37 Acre
  • Parking Spaces Avail. 100
  • Property Tenancy Single Tenant
  • Year Built 1946
  • Year Renovated 1980
  • Date Updated Nov 2, 2026

Description

Discover the prime retail opportunity in the heart of the bustling Detroit market. The location at 32315 Grand River Ave, Farmington, MI offers proximity to key attractions such as Twelve Oaks Mall, the largest shopping center in Michigan, attracting millions of visitors annually. A short drive from the property, downtown Detroit boasts an array of cultural hotspots and entertainment venues, including the renowned Fox Theatre and Ford Field. The area also benefits from high traffic volumes along Grand River Avenue, providing excellent visibility and exposure for retail businesses. With a diverse array of retail options and a dynamic local economy, this location presents an exceptional opportunity for retail investors seeking to capitalize on the vibrant Detroit market.32315 and 32323 Grand River Avenue present an exceptional opportunity to acquire a combined 1.37-acre redevelopment site along the highly desirable Grand River Corridor in Farmington Hills. Ideally positioned within walking distance of Downtown Farmington, the properties offer developers and investors a compelling opportunity to capitalize on the area's established commercial presence, surrounding residential neighborhoods, and growing demand for walkable, mixed-use environments. Located within the Grand River Corridor Overlay District, the site benefits from zoning provisions that allow for increased development density and building heights of up to four stories. This flexibility creates significant potential for a thoughtfully designed mixed-use development incorporating multifamily residential, retail, office, or other complementary commercial uses. Further enhancing the investment potential, eligible redevelopment projects may qualify for economic development incentives through the Corridor Improvement Authority (CIA), including Tax Increment Financing (TIF). With its strategic location, development-friendly zoning, and potential financial incentives, this assemblage offers a compelling opportunity to transform a prominent Grand River Corridor site into a vibrant destination that complements the surrounding community.

Highlights

  • 1.37-acre redevelopment assemblage comprising two adjacent properties
  • Established surrounding residential and commercial neighborhoods
  • Increased development density and building heights of up to four stories permitted under applicable overlay provisions
  • Located within the Grand River Corridor Overlay District
  • Potential eligibility for Corridor Improvement Authority (CIA) incentives, including Tax Increment Financing (TIF)
  • Potential for mixed-use, multifamily residential, and commercial redevelopment
  • Prominent Grand River Avenue frontage near Downtown Farmington

Contacts

Location

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