21600 Greenfield RdOak Park, MI 48237

  • Retail properties
  • 19,754 SF
For Sale
$995,000 View listing

Property Details for 21600 Greenfield Rd

Year built
1964
Lot size
0.91 AC
Property size (Sq ft)
19,754 SF
Zone code
B-2
Property type
Retail properties
Property subtype
Retail space
APN
52-25-31-301-008
APU
522531301008

Description

This exceptional mixed-use property at 21600 Greenfield Road in Oak Park, Michigan, presents a compelling investment opportunity. The 19,754 square foot building, constructed in 1964 and extensively renovated in 2020, sits on a 0.91-acre lot and boasts 16 units, currently operating as executive office space. The building is entirely leased on a month-to-month basis, generating a gross monthly lease income exceeding $17,000. The property offers significant upside potential due to its prime location across the street from a major development project. The large parking lot provides ample space for tenants and visitors. There are no restrictive covenants on the property, offering flexibility for future use or redevelopment. The asking price is $995,000, representing a strong return on investment for a discerning buyer. The property's 100% ownership provides complete control and management flexibility. This is a rare opportunity to acquire a high-performing, well-maintained commercial property in a rapidly developing area of Oakland County. The net rentable square footage is 100 square feet. This property is a turnkey operation with immediate cash flow.

21600 Greenfield Rd, Oak Park, Michigan

Location Insight

City
Oak Park
County
Oakland
State
Michigan
Latitude
42.452
Longitude
-83.2001
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
$18,258
$84,900
$210,100
$295,000
-
$169,800
$420,200
$590,000

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