31519 W 12 MILE Road $3,500,000

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    31519 W 12 MILE Road Farmington Hills, MI 48334

    • 8,108 sq. ft.
    • 0.57 Acres
    • Commercial
    • MLS# 60316389
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    Views: 31 Days On Site: 141

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    Property Details

    Description Tours

    Building for sale: a beautifully renovated freestanding building hosting one of Michigan's finest Chinese restaurants as a tenant. Wonderful investment opportunity with a fabulous building and a 1st class tenant. This upscale establishment spans two levels of dining, includes an outdoor patio, and is equipped with an elevator. The property features prominent monument signage along bustling 12 Mile Road, strategically positioned just west of Orchard Lake Road and across from Starbucks. Situated in an area featuring restaurants, banks, and various amenities, this site was also formerly known as Tribute Restaurant and has been meticulously transformed to meet the highest standards of quality. Excellent freeway access and location. Building is fantastic condition as it was completely renovated in 2022. Tenant looking to sign new long-term lease with new owners. Please check out virtual tour: https://apphotography.hd.pics/31519-W-12-Mile-Rd

    • General Features
      • Acreage 0.57
      • Area Municipality Farmington Hills (63231)
      • County Oakland
      • Originating MLS RealComp
      • Ownership Private
      • Total SqFt Finished 8108
      • Waterfront Y/N No
      • Year Built 19
      • ZONING Commercial
    • Building Features
      • Exterior Construction Block
      • Foundation Type Slab
      • Heating System Forced Air
      • FUEL TYPE Natural Gas
    • Property Features
      • Water Public Water
      • Lot Size 171x150
      • Roads Class A
      • Sewer Septic Public Sanitary

    Neighborhood

    48334 (Farmington Hills) Demographics

    44 Median Age
    2,116 Population Density (per sq. mile)
    59% College Educated
    $81,638 Estimated Median Income
    4,883 Estimated Total Home Owners
    2,965 Estimated Total Renters
    62% / 38% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    19,043 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $365,000 Median Sales Price
    13 Homes Sold
    16 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $3,500,000
        6/17/2024 2:26:00 PM New in Database Source: Multiple Listing Service New Value: $3,500,000

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        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.