For Sale
$995,000

21600 Greenfield RdOak Park, MI 48237

High-yield investment, 16 units, 19,754 SF

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional mixed-use property at 21600 Greenfield Road in Oak Park, Michigan, presents a compelling investment opportunity. The 19,754 square foot building, constructed in 1964 and extensively renovated in 2020, sits on a 0.91-acre lot and boasts 16 units, currently operating as executive office space. The building is entirely leased on a month-to-month basis, generating a gross monthly lease income exceeding $17,000. The property offers significant upside potential due to its prime location across the street from a major development project. The large parking lot provides ample space for tenants and visitors. There are no restrictive covenants on the property, offering flexibility for future use or redevelopment. The asking price is $995,000, representing a strong return on investment for a discerning buyer. The property's 100% ownership provides complete control and management flexibility. This is a rare opportunity to acquire a high-performing, well-maintained commercial property in a rapidly developing area of Oakland County. The net rentable square footage is 100 square feet. This property is a turnkey operation with immediate cash flow.

Highlights

  • Exceptional mixed-use property, 19,754 SF, on 0.91-acre lot in Oak Park, MI.
  • 16-unit building, extensively renovated in 2020, currently 100% leased as executive office space.
  • Gross monthly income exceeds $17,000, month-to-month leases.
  • Prime location across from major development, offering significant upside potential.
  • Ample parking. No restrictive covenants.
  • Asking price: $995,000. 100% ownership.

Property Details for 21600 Greenfield Rd

Property type
Office properties, Mixed-use properties
Square Feet
19,754 SF
Year Built/Renovated
1964/2020
Buildings
1
Lot Size (sq. ft)
39,640 SF
Units
16

Location Insight

City
Oak Park
County
Oakland
State
Michigan
Latitude
42.4518863
Longitude
-83.2003625
21600 Greenfield Rd, Oak Park, Michigan

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21600 Greenfield Rd
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