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32271657
32271656

31525 West 12 Mile Road, Farmington Hills, MI 48334

SJ
MI MI 6501357188, MI
The Jonna Group at Colliers International
TF
MI MI 6501295851
The Jonna Group at Colliers International
Listed by The Jonna Group at Colliers International
$4,250,000
30 days on market
Updated 24 days ago

Former Radisson Hotel Redevelopment

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 130,220
Units 85
Pro-Forma NOI $829,409
Year Built 1986
Year Renovated 2023
Acreage 4.950
Investment Type Value Add
Sale Condition N/A

31525 West 12 Mile Road, Farmington Hills, MI 48334

Marketing description

Farmington Hills, Michigan, is a proven, high-demand suburban market positioned at the heart of Oakland County—one of the most affluent and economically resilient counties in the Midwest. The city benefits from immediate access to major employment corridors including I-696, M-10 (Lodge Freeway), I-275, and Northwestern Highway, allowing seamless connectivity to Detroit, Novi, Southfield, Troy, and Ann Arbor. Farmington Hills is home to a strong concentration of corporate, healthcare, automotive, and technology employers, creating a stable renter base supported by white-collar jobs. Its proximity to major office hubs and medical centers, combined with limited new multifamily supply, underpins durable occupancy and rent growth.

Consistently ranked among Michigan's safest and most livable communities, Farmington Hills offers investors a rare combination of stability and upside. The city features highly regarded schools, extensive parks and trails, and a well-established retail and dining ecosystem that attracts long-term residents and professionals alike. As housing affordability constraints push renters toward high-quality suburban alternatives, Farmington Hills continues to benefit from sustained multifamily demand without the volatility seen in urban cores. For investors, the market offers recession-resistant fundamentals, strong demographics, and a prime location that supports both income durability and long-term value appreciation.

Investment highlights

  • Attractive Basis via Adaptive Reuse: Hotel-to-multifamily conversion offers pricing well below replacement cost, reduced development risk, and strong downside protection.
  • Efficient 85-Unit Scale: Institutional-friendly size supports operational efficiencies while maintaining broad exit liquidity.
  • Established Suburban Corridor Location: Positioned along W 12 Mile Rd with strong access to employment centers, retail, and regional transportation.
  • Modernized Product with Competitive Floorplans: Conversion delivers larger unit layouts and updated systems that outperform older Class B assets without Class A pricing.
  • Workforce Housing Demand with Limited New Supply: Serves a deep renter pool in a submarket constrained by rising construction costs and limited new development.
  • Operational and Revenue Upside: Opportunity to enhance NOI through professional management, expense optimization, and ancillary income initiatives.
  • Flexible Exit Opportunities: Appealing to value-add investors, with potential exit to regional operators or institutional buyers.

Listing Contacts

SJ
MI MI 6501357188, MI
The Jonna Group at Colliers International
TF
MI MI 6501295851
The Jonna Group at Colliers International
Listed by The Jonna Group at Colliers International

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Additional Information

Name
Simon Jonna
License
MI 6501357188
Brokerage
Jonna Group | Colliers
Brokerage Phone
2482261610
Title
MI
Name
Tony Fayne
License
MI 6501295851
Brokerage
Colliers
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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