400 Maple RdTroy, MI 48084

For Sale
  • Commercial real estate
  • 40,298 SF

Property Details for 400 Maple Rd

Year built
1960
Lot size
3.93 AC
Property size (Sq ft)
40,298 SF
Zone code
M-1
Property type
Commercial real estate
APN
88-20-28-401-103
APU
882028401103

Description

This exceptional 40,350-square-foot commercial property, located at 400 W Maple Rd in Troy, Michigan, presents a unique investment opportunity. Built in 1960 and extensively renovated in 2016, this single-story building sits on a four-acre lot and offers a diverse range of spaces suitable for various business ventures. The property boasts approximately 30,262 square feet of office space, featuring an open-concept design, and approximately 10,087 square feet of industrial space, complete with an overhead door for convenient vehicle access. A functional 10-lane bowling alley adds a distinctive element, alongside a bar/café, a soundproof recording area, and ample space ideal for events or multi-use purposes. The property includes 214 parking spaces and benefits from three-phase 120-240V power and package HVAC throughout. Zoned MR, MapleRoad (Form Based), the property also offers the potential for a retail outlot on the expansive four-acre lot. The property's APN is 20-28-401-103. This versatile property is for sale and presents a rare opportunity to acquire a substantial commercial space in a prime Troy location. The property's diverse features and ample space make it suitable for a wide array of businesses seeking a high-visibility location with significant potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $9,593,474
    Hospitality
    $8,787,571
    Educational
    $7,311,156
    Medical
    $7,562,598
    Retail
    $11,372,909
400 Maple Rd, Troy, Michigan

Location Insight

City
Troy
County
Oakland
State
Michigan
Latitude
42.549
Longitude
-83.1529
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$38,684
-
-
$1,595,720
-
-
-
$3,191,440

FAQs

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