1800 14 Mile RdRoyal Oak, MI 48073
- Commercial real estate
- 14,067 SF
Property Details for 1800 14 Mile Rd
- Year built
- 1972
- Lot size
- 0.62 AC
- Property size (Sq ft)
- 14,067 SF
- Zone code
- MIX USE 2
- Property type
- Commercial real estate
- APN
- 72-20-32-478-011
- APU
- 722032478011
Description
This exceptional 6,000-square-foot retail space is available for sale or lease at 1800 W. 14 Mile Road in Royal Oak, Michigan, zip code 48073. The property is a single-tenant building, offering a significant opportunity for owner-occupancy or investment. The entire 6,000 square feet is currently vacant, presenting a blank canvas for a new business or a complete renovation to suit a specific tenant's needs. Located in the vibrant city of Royal Oak, this property benefits from excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. The property's prime location offers significant potential for growth and return on investment. This is a value-add opportunity for a savvy investor or business owner looking to establish a strong presence in a thriving Michigan market. The property is situated at 42.5331855 latitude and -83.166993 longitude, providing easy access to major transportation routes and a diverse customer base. Serious inquiries are encouraged to explore the possibilities of this exceptional retail space. The property is classified as commercial retail and offers a single tenancy arrangement. This presents a unique opportunity to customize the space to perfectly fit your business needs.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,315,830
- 6.5%
- $3,060,760
- 7%
- $2,842,140
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,315,830
- Geo Method
- $1,315,830
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $5,769,420
- Retail / Commercial
- $3,008,750
- Mixed-Use / Specialty
- $3,037,590
- Hospitality / Lodging
- $2,280,110
- Office
- $3,060,760
- Institutional / Educational
- $3,172,020
- Residential Income
- $3,711,260
- Multifamily
- $4,231,700
- Automotive / Energy
- $2,718,870
- Parking / Income-Based Land
- $899,152
- Restaurant / Food Service
- $1,664,330
- Healthcare / Senior Housing
- $3,074,410
Location Insight
- City
- Royal Oak
- County
- Oakland
- State
- Michigan
- Latitude
- 42.5332
- Longitude
- -83.167
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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