Corner Retail Property with Multiple
1681 E Auburn Road Rochester Hills, MI 48307
1681 E Auburn Road, Rochester Hills, MI, 48307
$899,000
For Sale
$899,000
COMMERCIAL - Rochester Hills, MI
Property Size3,455 SF
Lot Size0.32 Acres
Price / SF$260.20
Days on Market127
Property Features for 1681 E Auburn Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 15-25-457-034
- Size
- 3,455 SF
- Lot size
- 0.32 Acres
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1950
- Roof type
- Shingle
Listing Agency
Pilot Property Group - Residential LLC
(586) 254-0900
38600 Van Dyke Ste 325, Shelby Twp, MI
Listed by
Anthony Rubino · License #6502425251
(586) 873-5419
Added: Mar 16 Checked: Jul 20 at 5:06 am
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.
Investment Insights
Based on property information with market context.
This corner retail property is set up for flexible occupancy with multiple entrances and current month-to-month tenants. The site includes 93 feet of frontage on Auburn Road with approximately 150 feet of depth along Harrison Avenue, offering a practical layout for retail uses and customer access.
Site improvements include a new parking lot completed in 2024, providing updated parking for customers and visitors. The property occupies a 0.32-acre lot and is presented as a multi-use owner-user or investment opportunity, with the seller considering all reasonable offers.
For tenants, the configuration and multiple entry points can support straightforward retail traffic flow, while the new parking lot is designed to improve day-to-day access. For buyers, the month-to-month tenancy provides flexibility for an owner-operator or an investor looking for a property that can be actively managed at the time of acquisition. Prospective occupants and purchasers should review existing lease terms and site details during diligence to confirm operational fit.
Site improvements include a new parking lot completed in 2024, providing updated parking for customers and visitors. The property occupies a 0.32-acre lot and is presented as a multi-use owner-user or investment opportunity, with the seller considering all reasonable offers.
For tenants, the configuration and multiple entry points can support straightforward retail traffic flow, while the new parking lot is designed to improve day-to-day access. For buyers, the month-to-month tenancy provides flexibility for an owner-operator or an investor looking for a property that can be actively managed at the time of acquisition. Prospective occupants and purchasers should review existing lease terms and site details during diligence to confirm operational fit.
Key Highlights
- 93' frontage on Auburn Rd with 150' depth along Harrison Ave
- New parking lot added in 2024
- Prime corner location with multiple entrances
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.0k | $16.80 |
| − Vacancy | −$4.9k | −$1.43 |
| EGI | $53.1k | $15.37 |
| − OpEx | −$15.9k | −$4.61 |
| NOI | $37.2k | $10.76 |
3,455 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Strong corner frontage with a newly built 2024 parking lot, suited for flexible retail or owner-user use.
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: 93' frontage on Auburn Rd with 150' depth along Harrison Ave; New parking lot added in 2024; Prime corner location with multiple entrances
