19748 Harper CtHarper Woods, MI 48225

Property Details for 19748 Harper Ct

Year built

1950

Lot size

0.79 AC

Property size (Sq ft)

8,696 SF

Zone code

C-2

Property type

Office buildings

APN

42 008 03 0001 004

APU

42008030001004

Description

This exceptional 8,698 square foot commercial property, located at 19748 Harper Avenue in Harper Woods, Michigan, presents a unique investment opportunity. Situated on a 0.79-acre lot, this building boasts a versatile C-2 zoning designation, allowing for a wide range of commercial uses. The interior features an open floor plan, ideal for customization to suit various business needs. A significant advantage is the inclusion of a fully equipped industrial kitchen, complete with an eight-burner stove, large refrigerator, and freezer – perfect for food-related businesses or catering operations. Ample parking is readily available on-site, ensuring convenience for employees and clients. The property also includes a full basement, offering additional storage or expansion potential. Its prime location provides excellent visibility from and easy access to I-94, guaranteeing high traffic exposure and accessibility. The asking price for this exceptional property is $799,999. This is a rare opportunity to acquire a well-located, versatile commercial space with significant potential in a thriving Michigan market. The property's size, amenities, and zoning make it an attractive option for a variety of businesses seeking a prominent location with ample space and convenient access to major transportation routes. Don't miss this chance to own a piece of Harper Woods' commercial landscape. The 48225 zip code offers a strong local market and excellent potential for growth.

• CAP approach

  CAP return

  Valuation

  6%

  $1,734,104

  6.5%

  $1,600,712

  7%

  $1,486,375

• Comparable approach

  Method

  Valuation

  Relative Method

  $813,424

  Geo Method

  $813,424

• Alternative Use

  Use

  Valuation

  Residential

  $1,984,883

  Hospitality

  $1,818,142

  Educational

  $1,512,673

  Medical

  $1,564,696

  Retail

  $2,353,046

Location Insight

City

Harper Woods

County

Wayne

State

Michigan

Latitude

42.4334

Longitude

-82.9214

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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