1111 Oakley Park RdCommerce Charter Township, MI 48390

Property Details for 1111 Oakley Park Rd

Year built

1946

Lot size

0.42 AC

Property size (Sq ft)

12,184 SF

Zone code

BI

Property type

Office buildings

APN

E -17-22-104-041

APU

E1722104041

Description

This exceptional opportunity presents three available creative office suites totaling 1,592 square feet of vacant space within a well-maintained two-story building situated in the desirable northern Commerce Township. The building boasts a total of 12,184 square feet and offers a tranquil setting while maintaining convenient access to major freeways, including M-5 and other western routes. Suites 102 and 103 provide stunning views of Commerce Lake, enhanced by abundant natural light from numerous windows. Each suite offers a minimum of 364 square feet and a maximum contiguous space of 643 square feet, catering to various business needs. The building is zoned BI (Business Improved) within Oakland County's Central I-96 Corridor submarket. Suites 102, 103, and 104 share two convenient bathrooms. The building features one elevator for easy access to both floors. This property is ideal for businesses seeking a blend of serene surroundings and excellent freeway accessibility. The multiple tenancy structure allows for flexibility and potential for growth. Don't miss this chance to secure your ideal workspace in this sought-after location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,085,754

  6.5%

  $1,925,311

  7%

  $1,787,789

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,139,691

  Geo Method

  $1,139,691

• Alternative Use

  Use

  Valuation

  Residential

  $2,387,386

  Hospitality

  $2,186,833

  Educational

  $1,819,419

  Medical

  $1,881,992

  Retail

  $2,830,208

Location Insight

City

Commerce Township

County

Oakland

State

Michigan

Latitude

42.5687

Longitude

-83.4963

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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