13200 Oak Park BlvdOak Park, MI 48237

Property Details for 13200 Oak Park Blvd

Lot size

4.49 AC

Property size (Sq ft)

12,764 SF

Zone code

RM-1

Property type

Commercial real estate

APN

52-25-29-301-015

APU

522529301015

Description

This exceptional 4.5-acre commercial land parcel, located at 13200 Oak Park Boulevard in Oakland County, Michigan, presents a unique investment opportunity. Priced at $1,650,000 ($366,666 per acre), this property boasts an RM-1 zoning designation, allowing for a wide range of development possibilities. The site is conveniently situated within one mile of the I-696 and Coolidge Highway ramp, ensuring excellent accessibility and visibility. Preliminary site plans have already been approved for various uses, including a nursing home, senior living facility, medical office building, or multi-family residential development. The property's square shape maximizes buildable area and development efficiency, contributing to its significant value. An existing 12,764 square foot building is currently on the site, offering potential for adaptive reuse or demolition to accommodate new construction. This location in Oak Park, MI, zip code 48237, offers a strong foundation for a successful development project, capitalizing on the area's growth and demand. The flexible zoning and strategic location make this a highly desirable property for investors seeking a prime development opportunity in a thriving Michigan community. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $3,008,690

  6.5%

  $2,777,250

  7%

  $2,578,880

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,193,940

  Geo Method

  $1,193,940

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,235,010

  Retail / Commercial

  $2,730,050

  Mixed-Use / Specialty

  $2,756,230

  Hospitality / Lodging

  $2,068,900

  Office

  $2,777,250

  Institutional / Educational

  $2,878,200

  Residential Income

  $3,367,490

  Multifamily

  $3,839,730

  Automotive / Energy

  $2,467,030

  Parking / Income-Based Land

  $815,866

  Restaurant / Food Service

  $1,510,170

  Healthcare / Senior Housing

  $2,789,640

Location Insight

City

Oak Park

County

Oakland

State

Michigan

Latitude

42.4666

Longitude

-83.1783

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].