164 Maple Rd Troy, MI 48083
- Commercial real estate
- 9,425 SF
- 0.86 lot acres
Current Use by Public Records
- Bellacino's Pizza & Grinders / Pizza Restaurant / Family Restaurant
- City Style Tango / Dance School
- Skylar Laundromat (Troy) / Laundromat
- Head Over Heels Salon / Beauty Salon / Hair Salon
Property Details for 164 Maple Rd
- Year built
- 1989
- Lot size
- 0.86 lot acres
- Property size
- 9,425 SF
- Zone code
- B-2
- Property type
- Commercial real estate
- APN
- 88-20-34-101-019
- APU
- 882034101019
Description
Exceptional investment opportunity in Troy, Michigan, featuring a thriving 2,600 square foot beauty salon located at 164 E Maple Rd. This established business, built in 1989, boasts 12 hair stations, 4 nail stations, and 2 pedicure chairs, catering to a diverse clientele. Three additional rooms offer versatility for expansion into services such as laser treatments, electrolysis, or facials; one room currently serves as an office. The property sits on a 0.86-acre lot (APN 20-34-101-019) and is zoned 201 Bus Improve. The current lease is $3,000 per month, and the business generates an annual profit between $25,000 and $30,000. A skilled team of 11 employees, including nail technicians, a lash expert, and hairdressers, ensures smooth operations. The owner is willing to provide training to ensure a seamless transition. Detailed financials are available upon request with a non-disclosure agreement. This turnkey operation presents a rare opportunity for a savvy investor seeking a profitable and established business in a prime location. The property consists of one building on a 0.86-acre lot.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,380,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,175,000
- 6.5%
- $1,165,000
- 7%
- $1,045,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $945,000
- Geo Method
- $1,055,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,200,000
- Retail
- $1,275,000
- Mixed-Use
- $1,060,000
- Hospitality
- $1,055,000
- Educational
- $1,005,000
- Residential Income
- $1,050,000
- Energy
- $1,155,000
- Income-Based Land
- $1,200,000
- Food Service
- $1,215,000
Location Insight
- Map
- Local Demand
- City
- Troy
- County
- Oakland
- State
- Michigan
- Longitude
- -83.1438
- Latitude
- 42.5479
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
