Corner Storefront
For Sale
$899,000
Pending
1681 E Auburn Road, Rochester Hills, MI 48307
COM/IND/BUS OPP, Rochester Hills, MI
Property Size3,455 SF
Lot Size0.32 Acres
Days on Market219
Property Features for 1681 E Auburn Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Parking Lot
Lot features
Main Street
Subdivision
Rochester Hills (63151)
Standard status
Pending
APN
15-25-457-034
Size
3,455 SF
Lot size
0.32 Acres
Utilities
Heating system
Forced Air
Water source
Public
Amenities
new parking lot
Building Details
Year built
1950
Roof type
Shingle
Listing Agency:
Pilot Property Group - Residential LLC
(586) 254-0900
Listed By:
Anthony Rubino
(586) 873-5419
Added: Mar 16
Changed: Oct 8
Last Checked: Oct 20 at 7:06AM
MLS# 50201674
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This storefront property contains 3,455 square feet on a 0.32-acre parcel, with a corner configuration along Auburn Road and Harrison Avenue. The building dates to 1950 and includes multiple entrances, forced-air heating, a shingle roof, and public water service. A new parking lot was added in 2024.
The property provides 93 feet of frontage on Auburn Road and 150 feet of depth along Harrison Avenue. Current tenants occupy the space on month-to-month arrangements, supporting consideration of either continued investment ownership or future owner occupancy. The existing layout and separate entrances provide practical flexibility for commercial use.
The property provides 93 feet of frontage on Auburn Road and 150 feet of depth along Harrison Avenue. Current tenants occupy the space on month-to-month arrangements, supporting consideration of either continued investment ownership or future owner occupancy. The existing layout and separate entrances provide practical flexibility for commercial use.
Key Highlights
- 3,455‑square‑foot storefront property on a 0.32‑acre parcel
- 93 feet of frontage on Auburn Road and 150 feet of depth along Harrison Avenue
- New parking lot completed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,177
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,540
$743.5K
Cap Rate 7%
$531,100
$531.1K
Cap Rate 9%
$413,078
$413.1K
Market Conditions
NOI Build-Up for 3,455 SF
Gross rent
$58.0K $16.80/SF
− Vacancy
−$4.9K −$1.43/SF
EGI
$53.1K $15.37/SF
− OpEx
−$15.9K −$4.61/SF
NOI
$37.2K $10.76/SF
Area
Oakland County, MI
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,540
Cap Rate 7%
$531,100
Cap Rate 9%
$413,078
Alternative Uses
Best Use
Retail
$531.1K
$464.7K – $619.6K
NOI $37,177 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$745.2K
$652.1K – $869.4K
NOI $52,165 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
22k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Dining 20%
Home Improvements & Furnishings 9%
Dollar Tree
Shops & Services
9,454 visits/mo
0.5 miles
Little Caesars Pizza
Dining
4,332 visits/mo
0.2 miles
Marathon
Shops & Services
3,987 visits/mo
0.3 miles
Sunoco
Shops & Services
2,090 visits/mo
0.2 miles
J & J Ace Hardware
Home Improvements & Furnishings
1,988 visits/mo
0.4 miles
Demographics for 48307, MI
44,673
Population
19,493
Households
2.3
Avg Household Size
39
Median Age
58%
College-Educated
96%
High-School Grad
15.2 sq mi
ZIP Area
2,939
Density / Sq Mi
$105,118
Median Household Income
$61,528
Median Earnings
$1,499
Median Rent
$329,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Storefront property - Corner storefront with multiple entrances and a dedicated parking lot.
Where is this storefront property located?
The property is located at 1681 E Auburn Road Rochester Hills, MI.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 3,455‑square‑foot storefront property on a 0.32‑acre parcel; 93 feet of frontage on Auburn Road and 150 feet of depth along Harrison Avenue; New parking lot completed in 2024
