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    2985 Crooks Rd Rochester Hills, MI 48309

    For Sale
    $4,842,857

    Single tenant Walgreens in Rochester Hills, Michigan for sale.

    Property size:
    14,820 SF
    Lot size:
    12.80 Acres

    Property Features for 2985 Crooks Rd

    General Information

    Size
    14,820 SF
    Lot size
    12.80 Acres

    Source: Legacy Real Estate Advisors Agent Rami Gulli

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding Walgreens in Rochester Hills

    This single-tenant, freestanding Walgreens property is located in Rochester Hills, Michigan, within the Detroit MSA, which is ranked among the top 15 in the U.S.A. The surrounding area has a dense population, with over 60,000 residents within a 3-mile radius. Daytime employment exceeds 41,000+ people within the same radius. The area is affluent, with an average household income exceeding $123,000+ within 3 miles. The property operates under an absolute NNN lease structure, meaning zero landlord responsibilities. As an essential retailer, the tenancy is pandemic and recession-resistant. The property size is 14,820 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Hair Salon Wholesale Shop Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Burton Chan, BSc, Eliana Malouf, RPH, Bok Hee Lee, RPh, Auburn Pharmacy, COVID-19 Drive-Thru Testing at Walgreens

    Location Insight

    • Map
    • Local Demand
    City
    Rochester Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1688616
    Latitude
    42.6363261

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    FAQs

    What type of property is this?
    Drug store - Single tenant Walgreens in Rochester Hills, Michigan for sale.
    Where is this drug store located?
    The property is located at 2985 Crooks Rd Rochester Hills, MI.
    What is the asking price?
    The asking price for this property is $4,842,857.
    What are key features of this property?
    This property features: - Absolute NNN lease structure - zero landlord responsibilities; - Single tenant freestanding Walgreens; - Located in an affluent area with average household income exceeding $123,000+ within a 3-mile radius
    (248) 892-9691
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2985 Crooks Rd Rochester Hills, MI 48309
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