1420 Opdyke RdAuburn Hills, MI 48326

  • Commercial real estate
  • 3,325 SF
For Sale

Property Details for 1420 Opdyke Rd

Year built
1984
Lot size
1.20 AC
Property size (Sq ft)
3,325 SF
Zone code
B-2
Property type
Commercial real estate
APN
02-14-23-126-011
APU
21423126011

Description

This exceptional retail opportunity presents a 3,325-square-foot auto shop situated on a 1.01-acre lot in Auburn Hills, Michigan. The property includes both the business and real estate, offering a unique chance for immediate income generation and future expansion. The location boasts excellent visibility, situated just west of the I-75/University Drive interchange, providing high exposure from both Opdyke Road and University Drive. This strategic location offers proximity to a significant customer base. Oakland University, with its 15,922 student enrollment in 2023, is just minutes away, providing access to a large pool of potential customers including students, staff, and faculty. Furthermore, the property's proximity to Stellantis North American Headquarters, a major employer with over 15,000 employees and 5.4 million square feet of office space, ensures a consistent flow of potential clients. The surrounding area is densely populated, with nearly 160,000 residents within a five-mile radius and an average household income exceeding $98,000 annually. This strong demographic profile supports a robust and reliable customer base. The property's size allows for potential redevelopment or expansion, presenting a significant opportunity for growth and increased profitability. This turnkey operation is ready for a new owner to capitalize on its existing success or implement innovative strategies to further enhance its revenue potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $651,515
    Hospitality
    $596,784
    Educational
    $496,517
    Medical
    $513,593
    Retail
    $772,360
1420 Opdyke Rd, Auburn Hills, Michigan

Location Insight

City
Auburn Hills
County
Oakland
State
Michigan
Latitude
42.6626
Longitude
-83.2454
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
$17,072
-
-
$371,570
-
-
-
$743,140

FAQs

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