1629 Auburn RdRochester Hills, MI 48307

For Sale
$499,000 View listing
  • Commercial real estate
  • 1,872 SF

Property Details for 1629 Auburn Rd

Year built
1942
Lot size
0.16 AC
Property size (Sq ft)
1,872 SF
Zone code
BI
Property type
Commercial real estate
APN
70-15-25-456-029
APU
701525456029

Description

This exceptional commercial property, located at 1629 Auburn Road in Rochester Hills, Michigan, presents a unique investment opportunity. The 0.33-acre lot boasts a substantial 1,872 square feet of existing retail space, situated on a highly visible corner lot at the intersection of Auburn Road and Longview Avenue. This prime location is within a recently revitalized section of Auburn Road, ensuring high traffic and visibility for any business. The property is zoned Commercial Improved, offering flexibility for redevelopment or continued use as existing retail space. The asking price for this strategically positioned property is $499,000. This presents a rare chance to acquire a well-located commercial property in a thriving area of Oakland County, Michigan. The two parcels comprising this property offer significant potential for a variety of commercial ventures. The existing structure provides immediate income potential or a solid foundation for a new development, capitalizing on the area's recent improvements and strong commercial growth. The 48307 zip code offers excellent access to a robust consumer base. Don't miss this chance to own a piece of Rochester Hills' commercial landscape.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $445,654
    Hospitality
    $408,217
    Educational
    $339,632
    Medical
    $351,312
    Retail
    $528,316
1629 Auburn Rd, Rochester Hills, Michigan

Location Insight

City
Rochester Hills
County
Oakland
State
Michigan
Latitude
42.6377
Longitude
-83.0998
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
2022
$1,809
-
-
$52,900
-
-
-
$105,800

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