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31525 W 12 Mile Rd
Farmington Hills, MI 48334
Farmington Hills Comfort Care-Senior Living · Hospitality Property For Sale
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201 Rooms
Investment Highlights
- Convenient location near I-696 and Orchard Lake Road with access to Detroit and regional business hubs.
- Large renter base in a supply-constrained suburban market with limited new development.
- Recent renovations create competitive floorplans and updated systems.
- Adaptive reuse conversion offering cost advantages and reduced development risk.
Executive Summary
This investment offering presents a unique adaptive reuse opportunity with the conversion of a former Radisson Hotel into an85-unit Class B apartment community. Priced significantly below replacement cost, the property provides investors with a rare chance to enter the multifamily market under favorable cost and risk conditions. The extensive renovation completed in2023 positions this asset competitively within a high-demand rental submarket dominated by limited new supply and sustained tenant need.
Situated along West12 Mile Road, the property enjoys excellent connectivity with direct access to major transportation arteries, including I-696 and Orchard Lake Road, providing convenient commutes to Detroit, Novi, Southfield, and other employment hubs. The property’s suburban location offers proximity to retail destinations, employment centers, and regional medical and office complexes, ensuring steady tenant demand.
The unit mix includes modernized layouts featuring updated systems and finishes, offering improved functionality over older assets in the area. Additionally, the property supports operational efficiencies through its85-unit scale, delivering solid exit liquidity for institutional and private buyers alike. For investors, Farmington Hills provides a recession-resilient market characterized by robust demographics, strong income levels, and a stable employment base, all of which support occupancy growth and long-term appreciation.
Situated along West12 Mile Road, the property enjoys excellent connectivity with direct access to major transportation arteries, including I-696 and Orchard Lake Road, providing convenient commutes to Detroit, Novi, Southfield, and other employment hubs. The property’s suburban location offers proximity to retail destinations, employment centers, and regional medical and office complexes, ensuring steady tenant demand.
The unit mix includes modernized layouts featuring updated systems and finishes, offering improved functionality over older assets in the area. Additionally, the property supports operational efficiencies through its85-unit scale, delivering solid exit liquidity for institutional and private buyers alike. For investors, Farmington Hills provides a recession-resilient market characterized by robust demographics, strong income levels, and a stable employment base, all of which support occupancy growth and long-term appreciation.
Property Facts
| Price Per Room | $21,144 | No. Rooms | 201 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1986/2023 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | B | Parking Ratio | 1.45/1,000 SF |
| Lot Size | 4.95 AC | Corridor | Interior |
| Building Size | 130,220 SF | ||
| Zoning | BI | ||
| Price Per Room | $21,144 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 4.95 AC |
| Building Size | 130,220 SF |
| No. Rooms | 201 |
| No. Stories | 3 |
| Year Built/Renovated | 1986/2023 |
| Tenancy | Single |
| Parking Ratio | 1.45/1,000 SF |
| Corridor | Interior |
| Zoning | BI |
Amenities
- Fitness Center
- Restaurant
- Room Service
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 44 | $129.00 | - |
| Guest Room | 157 | $104.00 | - |
Property Taxes
| Parcel Number | 23-15-201-270 | Improvements Assessment | $2,826,050 |
| Land Assessment | $431,220 | Total Assessment | $3,257,270 |
Property Taxes
Parcel Number
23-15-201-270
Land Assessment
$431,220
Improvements Assessment
$2,826,050
Total Assessment
$3,257,270
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