13400 8 Mile RdOak Park, MI 48237
- Land
- 6,240 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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