30840 Northwestern Highway

Farmington Hills, MI 48334

Listing ID: 197374
$4,200,000
For Sale
  • Property Type Office : Professional
  • Lot Size Acres 4.000
  • Building Sq Ft 61,315
  • Building Price per Sq Ft $68.50
  • Land Sq Ft 174,240
  • Land Price per Sq Ft $24.10
Description

Description

The upscale location and high-profile setting create an unparalleled opportunity for corporate identity at the Woodcreek Pavilion. This exciting sale is for a two-building development with a total of 61,315 SF of office space. The slope of this property allows entry at parking grade for both the first and second floors. Comerica Bank is moving to a nearby stand-alone branch in December 2020. The drive-up windows can be removed to create additional parking or re-used for another bank or credit union.

Both buildings feature elevators, windows that let in plenty of natural light, and monument and building signage. Existing offices in the 30800 Northwestern Building are leased to small businesses on a month to month basis. The 30840 Building has a 2-story atrium at both entrances. Ownership has no debt and will consider offers for land contract sale to allow the purchaser the opportunity to update and reposition before obtaining a mortgage.

Highlights

High profile building in an upscale area

Two buildings: 41,000 SF and 20,000 SF

4 acres provides over 200 parking spots

Monument and building signage available for corporate identity

Price reduced by $500,000

Attachments & Files
Listing Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population4,21460,190179,088
Population Median Age494343
Population by Age0-9 Yrs293 (6%)5997 (9%)18145 (10%)
10-19 Yrs486 (11%)6925 (11%)20942 (11%)
20-29 Yrs292 (6%)6496 (10%)19103 (10%)
30-39 Yrs267 (6%)6901 (11%)20267 (11%)
40-49 Yrs584 (13%)6954 (11%)22493 (12%)
50-59 Yrs665 (15%)8886 (14%)27075 (15%)
60-69 Yrs716 (16%)8434 (14%)24747 (13%)
70+ Yrs912 (21%)9597 (15%)26315 (14%)
Median HH Income$86,293$76,912$82,407
Total Household Income< 24K320 (17%)3929 (15%)9894 (13%)
25-49K190 (10%)4346 (17%)12658 (17%)
50-74K288 (16%)4183 (16%)11589 (15%)
75-99K220 (12%)2955 (11%)8446 (11%)
100-199K457 (25%)6774 (26%)20411 (27%)
200K+320 (17%)3181 (12%)10290 (14%)
Highest Education LevelNo Diploma20524946581
Diploma or GED459591817579
Some College604825024499
Assoc. Degree18627498202
Bachelors Degree9041193237197
Higher Degree9361279936281
Total Housing Units1,94127,27178,593
--Owner-Occupied1,35215,55349,340
--Renter-Occupied4439,81423,948
Owner-Occupied Values< 100K13311123989
100-199K239297311545
200-299K345534913247
300-399K22630489133
400-499K1169874410
500K+29220847015
Total Working Age Population3,63549,911147,920
In Work Force2,11431,48093,822
Not In Work Force1,52218,43154,099
Workforce Employed2,01929,87589,564
Workforce Unemployed951,6054,229
Civlian Workforce2,11431,48093,793
Military Workforce0029
Total Households1,79525,36773,287
Family Households1,10715,58647,388
Non-Family Households6899,78125,900
Married Couple94412,17037,696
Other Family1633,4169,692
Married w/Child2934,70314,380
Single Male w/Child22203682
Single Female w/Child401,1873,143

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Michigan9,938,444-19,883,640+110,023,423+410,424,510
Wayne County2,061,162-121,820,584-41,741,463-11,730,000
Oakland County1,194,156+11,202,362+51,264,515+71,350,052

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Listing Agent
More listings from Dan Blugerman
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