Remodeled Retail
New
For Sale
$1,100,000
1989 N Opdyke Road, Auburn Hills, MI 48326
Vacant space features new flooring, fresh paint, and available parking.
Property Size4,200 SF
Price / SF$261.90
Days on Market5
Property Features for 1989 N Opdyke Road
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Commercial
Zoning
Commercial, Multiple, Offic
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$13,817
Building Details
Building Size
4,200 SF
Year Built
1940
Year Renovated
2025
Listing Agency:
R2M Realty,
Listed By:
Hassan I Karadsheh · License #6501381029
(586) 354-3886
Source:
Buskardgroup
Added: Oct 19
Changed: Oct 22
Last Checked: Oct 22 at 2:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of R2M Realty,
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two vacant suites are available at this retail property on N Opdyke Road in Auburn Hills. Suite A contains 1,200 square feet and received new luxury vinyl plank flooring and fresh paint in October 2025. A second space offers 2,300 square feet plus an 1,800-square-foot basement; it is also move-in ready. Parking is available on site, and the property is near the I-75 and M-59 freeways.
The spaces can accommodate retail, office, restaurant, or service uses, subject to their fit within the available areas. Nearby destinations named for the property include Oakland University, the Secretary of State, the Amazon Distribution Center, and automotive manufacturers and suppliers.
The spaces can accommodate retail, office, restaurant, or service uses, subject to their fit within the available areas. Nearby destinations named for the property include Oakland University, the Secretary of State, the Amazon Distribution Center, and automotive manufacturers and suppliers.
Key Highlights
- Suite A: 1,200 square feet; remodeled in October 2025
- Second vacant suite: 2,300 square feet plus an 1,800‑square‑foot basement
- Near I‑75 and M‑59
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,194
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,880
$903.9K
Cap Rate 7%
$645,629
$645.6K
Cap Rate 9%
$502,156
$502.2K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$70.6K $16.80/SF
− Vacancy
−$6.0K −$1.43/SF
EGI
$64.6K $15.37/SF
− OpEx
−$19.4K −$4.61/SF
NOI
$45.2K $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%
$903,880
Cap Rate 7%
$645,629
Cap Rate 9%
$502,156
Alternative Uses
Best Use
Retail
$645.6K
$564.9K – $753.2K
NOI $45,194 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$905.9K
$792.7K – $1.06M
NOI $63,413 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
831
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Hotels & Casinos 20%
Dining 6%
Home Improvements & Furnishings 4%
Chase Bank
Shops & Services
7,930 visits/mo
0.4 miles
Sunoco
Shops & Services
3,252 visits/mo
0.0 miles
Huntington Bank
Shops & Services
2,391 visits/mo
0.1 miles
Hyatt Place Detroit/Auburn Hills
Hotels & Casinos
2,146 visits/mo
0.5 miles
Comfort Suites Auburn Hills-Detroit
Hotels & Casinos
1,474 visits/mo
0.5 miles
Demographics for 48326, MI
22,228
Population
12,219
Households
1.8
Avg Household Size
36
Median Age
47%
College-Educated
93%
High-School Grad
16.9 sq mi
ZIP Area
1,315
Density / Sq Mi
$79,468
Median Household Income
$46,012
Median Earnings
$1,411
Median Rent
$235,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Vacant space features new flooring, fresh paint, and available parking.
Where is this retail space located?
The property is located at 1989 N Opdyke Road Auburn Hills, MI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Suite A: 1,200 square feet; remodeled in October 2025; Second vacant suite: 2,300 square feet plus an 1,800‑square‑foot basement; Near I‑75 and M‑59
