1359 14 Mile RdClawson, MI 48017

Property Details for 1359 14 Mile Rd

Year built

1997

Lot size

0.29 AC

Property size (Sq ft)

864 SF

Zone code

BI

Property type

Retail properties

Property subtype

Auto shops

APN

16-25-04-101-002

APU

162504101002

Description

This exceptional 5.6-acre commercial land parcel presents a unique investment opportunity in Oakland County. Located at the southeast corner of 14 Mile and Crooks Roads, this property boasts a highly visible and accessible location with excellent frontage on two major thoroughfares. The site is zoned Commercial WG, allowing for a wide range of development possibilities, making it ideal for ground lease or build-to-suit projects. With a total buildable area of 5,010 square feet, this property offers significant potential for a variety of commercial uses. The single-tenant designation provides flexibility for developers seeking a tailored approach. Its strategic location within Oakland County ensures high traffic volume and strong visibility, attracting a diverse customer base. This prime commercial land offers an unparalleled chance to establish a thriving business or generate substantial rental income. The property's size and zoning provide ample room for expansion and customization, catering to a wide range of commercial ventures. The intersection of 14 Mile and Crooks Roads guarantees exceptional exposure and accessibility, making it an attractive location for businesses seeking high visibility and convenient access for customers. This is a rare opportunity to acquire a significant commercial land parcel in a thriving area. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $264,158

  6.5%

  $243,838

  7%

  $226,421

• Comparable approach

  Method

  Valuation

  Relative Method

  $203,663

  Geo Method

  $203,663

• Alternative Use

  Use

  Valuation

  Residential

  $205,687

  Hospitality

  $188,408

  Educational

  $156,753

  Medical

  $162,144

  Retail

  $243,838

Location Insight

City

Clawson

County

Oakland

State

Michigan

Latitude

42.5326

Longitude

-83.1654

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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