For Sale
$995,000

21600 Greenfield RdOak Park, MI 48237

High-Yield, 20,000 SF Commercial Land

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Oak Park, Michigan commercial property, located at 21600 Greenfield Road, presents a lucrative investment opportunity. The expansive 19,754 square foot lot is zoned for commercial use with no stated restrictions. Currently, the entire building is leased on a month-to-month basis, generating a gross monthly lease income exceeding $17,000. The property boasts a substantial parking lot, providing ample space for tenants and customers. Its strategic location across the street from a major development project further enhances its potential for future appreciation. The asking price for this high-yield property is $995,000. This is a rare chance to acquire a well-situated, income-producing commercial land parcel in a thriving Oakland County location, with the added benefit of a significant existing revenue stream. The property's zip code is 48237. The latitude and longitude coordinates are 42.4518863 and -83.2003625 respectively. This presents a strong investment opportunity with significant upside potential. Serious inquiries only.

Highlights

  • $995,000 asking price.
  • 19,754 square foot lot.
  • Special purpose commercial land in Oak Park, MI.
  • Located at 21600 Greenfield Road, Oakland County, MI 48237.
  • Currently leased, generating over $17,000 in gross monthly rent.
  • Large parking lot; no zoning restrictions.

Property Details for 21600 Greenfield Rd

Property type
Specialty properties, Land
Square Feet
19,754 SF

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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