1815 Main StRoyal Oak, MI 48073

  • Other commercial real estate
  • 4,530 SF
For Sale
$650,000 View listing

Property Details for 1815 Main St

Year built
1953
Lot size
0.29 AC
Property size (Sq ft)
4,530 SF
Zone code
NBHD BUS
Property type
Other commercial real estate
APN
72-25-09-484-021
APU
722509484021

Description

This exceptional 4,500 square foot medical office building, located at 1815 N Main St in Royal Oak, Michigan, presents a unique investment opportunity. The entire building is currently vacant, offering a blank canvas for a discerning buyer to customize to their specific needs. Situated in Oakland County, the property boasts a highly desirable B1 zoning classification, making it ideal for a variety of medical uses. The single-tenant occupancy allows for streamlined management and control. Ample parking is provided with 50 spaces available for patients and staff. The building's prime location in Royal Oak offers excellent visibility and accessibility, ensuring a strong patient base. The property is classified as both retail and office space, providing flexibility for potential uses. With its convenient location, ample parking, and versatile zoning, this property represents a compelling investment opportunity in a thriving Michigan community. The building's 4,500 square feet of space provides significant room for growth and expansion. The zip code is 48073. This is a for-sale property.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,078,427
    Hospitality
    $987,833
    Educational
    $821,866
    Medical
    $850,131
    Retail
    $1,278,458
1815 Main St, Royal Oak, Michigan

Location Insight

City
Royal Oak
County
Oakland
State
Michigan
Latitude
42.5048
Longitude
-83.1453
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
2021
$13,158
-
-
$306,320
-
-
-
$612,640

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