1655 Glengary RdCommerce Charter Township, MI 48390

Property Details for 1655 Glengary Rd

Year built

1980

Lot size

0.88 AC

Property size (Sq ft)

2,464 SF

Zone code

BI

Property type

Retail space

APN

EW-17-21-426-003

APU

EW1721426003

Description

This freestanding retail building, located at 1655 Glengary Rd in Commerce Charter Township, Michigan, 48390, presents a fantastic investment opportunity. The 2,464 square foot building sits on a 0.88-acre lot and is zoned C-1 Local Business District, allowing for a variety of uses. Potential tenants could include daycares, hardware stores, bakeries, hair salons, or medical/general offices. The property boasts abundant parking, significantly enhanced by a full parking lot replacement completed in 2023. A highly visible monument sign ensures excellent street presence. Further enhancing the property's value is a full basement, offering additional storage or potential for expansion. The asking price is $399,000, translating to $161.93 per square foot. This prime location in Oakland County offers exceptional visibility and accessibility, making it an ideal investment for a savvy entrepreneur or investor seeking a versatile and well-maintained commercial property.

• CAP approach

  CAP return

  Valuation

  6%

  $478,674

  6.5%

  $441,853

  7%

  $410,292

• Comparable approach

  Method

  Valuation

  Relative Method

  $239,702

  Geo Method

  $239,702

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $857,265

  Mixed-Use / Specialty

  $442,053

  Hospitality / Lodging

  $326,631

  Office

  $441,275

  Institutional / Educational

  $460,191

  Residential Income

  $538,423

  Multifamily

  $635,917

  Automotive / Energy

  $394,449

  Parking / Income-Based Land

  $134,366

  Restaurant / Food Service

  $233,703

  Healthcare / Senior Housing

  $451,497

Location Insight

City

Wolverine Lake

County

Oakland

State

Michigan

Latitude

42.5613

Longitude

-83.5014

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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