22180 Greenfield RdOak Park, MI 48237

Property Details for 22180 Greenfield Rd

Year built

1966

Lot size

0.25 AC

Property size (Sq ft)

2,284 SF

Zone code

B-1

Property type

Office buildings

APN

52-25-31-101-009

APU

522531101009

Description

This exceptional 2,284 square foot retail space is ideally situated at 22180 Greenfield Road in Oak Park, Michigan, within Oakland County. The property offers a single-tenant occupancy, providing a blank canvas for a wide range of retail businesses. The entire 2,284 square feet is currently vacant, presenting a unique opportunity for immediate occupancy and customization to suit specific business needs. The building's location in Oak Park, MI, 48237, offers excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers. This property is categorized as commercial retail space, perfect for businesses seeking a prominent presence in a thriving community. The address is easily accessible via Greenfield Road, providing convenient access for both customers and employees. The property's single-tenant configuration eliminates the complexities of multi-tenant management, allowing for focused business operations. This turnkey opportunity is perfect for businesses seeking a ready-to-occupy space in a desirable location. The property's size is well-suited for a variety of retail concepts, from smaller boutiques to larger retail operations. Interested parties are encouraged to inquire for lease terms and conditions. The property is located in Oakland County, Michigan, offering access to a robust local economy and a diverse customer base. This is a rare opportunity to secure a prime retail space in a high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $475,039

  6.5%

  $438,497

  7%

  $407,176

• Comparable approach

  Method

  Valuation

  Relative Method

  $213,645

  Geo Method

  $213,645

• Alternative Use

  Use

  Valuation

  Residential

  $543,737

  Hospitality

  $498,060

  Educational

  $414,380

  Medical

  $428,631

  Retail

  $644,591

Location Insight

City

Oak Park

County

Oakland

State

Michigan

Latitude

42.4587

Longitude

-83.2006

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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