2355 Commerce RdCommerce Charter Township, MI 48390

Property Details for 2355 Commerce Rd

Year built

1955

Lot size

0.59 AC

Property size (Sq ft)

1,161 SF

Zone code

BI

Property type

Office properties

Property subtype

Office buildings

APN

EW-17-23-352-012

APU

EW1723352012

Description

1149 Stratford Avenue presents a fantastic retail opportunity in a vibrant East Side location. This 800-square-foot space is situated within a larger, three-story mixed-use building totaling 18,750 square feet. Built in 1922 and renovated in 2000, the building offers a blend of historic charm and modern updates. The property benefits from a highly desirable MX 1 Mixed Use Corridor zoning designation, allowing for a variety of commercial uses. The space is immediately available and features a minimum divisible space of 800 square feet, making it ideal for a variety of businesses. Its convenient location offers excellent accessibility, with easy access to Interstate 95 and proximity to public transportation via a nearby bus route. The building's multi-tenant structure provides a dynamic and thriving commercial environment. This Stratford Avenue storefront offers a unique chance to establish a presence in a bustling East Side submarket, specifically within the Stratford Avenue cluster. The building's substantial size and mixed-use nature contribute to a high level of foot traffic and visibility, creating an ideal setting for a successful retail venture. Don't miss this chance to secure a prime retail space in a sought-after location.

• CAP approach

  CAP return

  Valuation

  6%

  $198,749

  6.5%

  $183,461

  7%

  $170,356

• Comparable approach

  Method

  Valuation

  Relative Method

  $108,600

  Geo Method

  $108,600

• Alternative Use

  Use

  Valuation

  Residential

  $227,491

  Hospitality

  $208,381

  Educational

  $173,370

  Medical

  $179,333

  Retail

  $269,687

Location Insight

City

Wolverine Lake

County

Oakland

State

Michigan

Latitude

42.5557

Longitude

-83.4744

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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