This exceptional 0.39-acre commercial land parcel presents a unique development opportunity in the thriving city of Royal Oak, Michigan. Strategically located at the hard corner of 13 Mile and Main Street, this site boasts exceptional visibility and accessibility from two major thoroughfares, ensuring high traffic exposure for any future development. The property's location within a well-established and densely populated neighborhood guarantees a strong customer base. The address is 3310 N. Main Street, Royal Oak, MI 48073, within Oakland County. The site is zoned to prohibit the sale of motor fuels, petroleum products, and convenience stores, opening possibilities for a diverse range of commercial ventures. This prime location offers significant potential for investors and developers seeking a high-impact commercial project in a desirable Michigan market. The property's size and location make it ideal for a variety of uses, subject to local zoning regulations. Given its prominent position and high traffic count, this land parcel represents a rare opportunity to establish a successful business in a vibrant and growing community. Detailed site plans and zoning information are available upon request. This is a truly exceptional opportunity to acquire a highly visible and accessible commercial property in a prime Royal Oak location.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Industrial / Distribution
$241,572
Retail / Commercial
$125,979
Mixed-Use / Specialty
$127,187
Hospitality / Lodging
$95,470.40
Office
$128,157
Institutional / Educational
$132,816
Residential Income
$155,394
Multifamily
$177,186
Automotive / Energy
$113,842
Parking / Income-Based Land
$37,648.40
Restaurant / Food Service
$69,687.20
Healthcare / Senior Housing
$128,729
Location Insight
City
Royal Oak
County
Oakland
State
Michigan
Latitude
42.5194
Longitude
-83.1452
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Main St Royal Oak, MI 48073
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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