1413 Crooks RdRoyal Oak, MI 48067

Property Details for 1413 Crooks Rd

Year built

1927

Lot size

0.02 AC

Property size (Sq ft)

724 SF

Zone code

MULT FAM

Property type

Commercial real estate

APN

72-25-16-277-001

APU

722516277001

Description

This 724-square-foot office building, located at 1413 Crooks Rd in Royal Oak, Michigan, 48067, is available for $225,000. Built in 1927, this Class C property offers an open layout with abundant natural light, making it ideal for owner-users. The building boasts a prominent, high-visibility frontage on Crooks Road, experiencing over 11,000 vehicles daily. Its convenient location offers easy access to I-75 and I-696, placing it within close proximity to downtown Royal Oak. The property is zoned for multi-family use, presenting additional investment potential. The asking price equates to $310.77 per square foot. Occupancy is available February 12, 2024. This versatile space is suitable for a variety of creative and traditional office uses. The building's prime location and high traffic count make it an excellent investment opportunity. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $170,659

  6.5%

  $157,531

  7%

  $146,279

• Comparable approach

  Method

  Valuation

  Relative Method

  $67,723

  Geo Method

  $67,723

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $296,940

  Retail / Commercial

  $154,854

  Mixed-Use / Specialty

  $156,339

  Hospitality / Lodging

  $117,352

  Office

  $157,531

  Institutional / Educational

  $163,257

  Residential Income

  $191,011

  Multifamily

  $217,797

  Automotive / Energy

  $139,935

  Parking / Income-Based Land

  $46,277.60

  Restaurant / Food Service

  $85,659.70

  Healthcare / Senior Housing

  $158,234

Location Insight

City

Royal Oak

County

Oakland

State

Michigan

Latitude

42.5009

Longitude

-83.147

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].