31525 W 12 Mile Rd - Hospitals FOR SALE


Farmington Hills, MI 48334
$8,000,000 USD
248-841-5007
31525 W 12 Mile Rd, Farmington Hills, MI for Sale
$8,000,000 USD
Hospitals - FOR SALE
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null | Request Cap Rate

31525 W 12 Mile Rd
Farmington Hills, MI 48334


HIGHLIGHTS

  • Existing Commercial Kitchen on the Main Level
  • Demographics Make Property Likely a Strong Candidate for Senior Housing (55+)
  • Partially Renovated – Ready to Pass the Baton to the Next Owner to Complete
  • Easy Freeway Access to I-696
  • Prominent Location with Great Visibility and Convenient Access to Area Amenities
  • Opportunity to Move Forward in Various Directions Including Hotel Use, Housing, or Retail Development

OVERVIEW

Call for Offers Due Thursday, January 16th 2025 at 5pm EST NAI Farbman is pleased to present the opportunity to acquire this partially renovated property. Formerly a Radisson hotel, that was being transformed into a licensed senior facility. The process stopped when the developer changed the level of development to target senior independent living. The next owner could move forward with SIL, Active Adult Apartments, or alternative uses could include returning hotel use, removing part of the building to use as retail along West 12 Mile Road, or a new mixed-use development. With its prime location, this property represents a unique value-add or redevelopment opportunity.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$60 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Partial Conversion Former Radisson Hotel

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Hospitals

ADD'L SUBTYPES

Assisted Living

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.95 AC

LAND SF

215,622 SF

ZONING

ES Expressway Service Dis

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Todd SzymczakNAI FarbmanMore Info
248-841-5007

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Todd SzymczakNAI FarbmanMore Info
248-841-5007

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.