13400 8 Mile RdOak Park, MI 48237

  • Land
  • 6,240 SF
For Lease

Property Details for 13400 8 Mile Rd

Year built
1964
Lot size
1.20 AC
Property size (Sq ft)
6,240 SF
Zone code
B-1
Property type
Land
Property subtype
Commercial land
APN
52-25-32-351-016
APU
522532351016

Description

This 1.2-acre commercial land parcel in Oak Park, Michigan, presents a unique investment opportunity. Situated at 13400 Eight Mile Rd, 48237, this single-tenant property boasts a prime location on a hard-signalized intersection in Oakland County. The approved plan for a full-service car wash ensures a clear path to development, capitalizing on the exceptional visibility and high volume of customer traffic. The property's location offers significant advantages for businesses seeking high exposure and convenient access. The 1.2-acre lot size provides ample space for construction and operation. This land lease opportunity is ideal for investors seeking a strong return on investment in a high-demand area. The property's strategic placement at a busy intersection guarantees significant daily traffic exposure, making it an attractive proposition for a variety of commercial ventures. Detailed site plans for the approved car wash are available upon request. This is a rare chance to acquire a well-positioned commercial property in a thriving Michigan market. Don't miss this chance to secure a prime location for your next business venture.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,485,515
    Hospitality
    $1,360,724
    Educational
    $1,132,106
    Medical
    $1,171,041
    Retail
    $1,761,054
13400 8 Mile Rd, Oak Park, Michigan

Location Insight

City
Oak Park
County
Oakland
State
Michigan
Latitude
42.446
Longitude
-83.1798
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
2023
$5,573
$58,700
$20,300
$79,000
-
$117,400
$40,600
$158,000

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].