Mixed-Use Property with Existing
3041 REEDER RD, Clarkston, MI 48346
For Sale
Contact for pricing
The property includes an existing structure and carries C-2, O-1, and R-1A zoning.
Property Size7,600 SF
Price / SF$58.55
Days on Market97
Property Features for 3041 REEDER RD
General Information
Standard status
Size
Class
Property subtype
Zoning
Investment Type
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Listing Agency:
3DX Real Estate
Listed By:
Joseph Ayers · License MI #379291
Source:
Crexi
Added: Aug 6
Changed: Oct 26
Last Checked: Nov 10 at 5:14AM
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 3DX Real Estate
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Investment Insights
Based on property information with market context.
This mixed-use property includes an existing structure built in 1979. The site carries C-2, O-1, and R-1A zoning, providing multiple designated land-use classifications associated with the property.
Located at 3041 Reeder Rd in Clarkston, Michigan, the property is offered for sale. Any zoning, lot split, land use, or development determinations should be independently verified with the appropriate local municipality.
Located at 3041 Reeder Rd in Clarkston, Michigan, the property is offered for sale. Any zoning, lot split, land use, or development determinations should be independently verified with the appropriate local municipality.
Key Highlights
- Existing structure built in 1979
- C‑2, O‑1, and R‑1A zoning
- Located at 3041 Reeder Rd, Clarkston, MI
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,163
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,260
$523.3K
Cap Rate 7%
$373,757
$373.8K
Cap Rate 9%
$290,700
$290.7K
Market Conditions
NOI Build-Up for 7,600 SF
Gross rent
$45.6K $6.00/SF
− Vacancy
−$10.7K −$1.41/SF
EGI
$34.9K $4.59/SF
− OpEx
−$8.7K −$1.15/SF
NOI
$26.2K $3.44/SF
Area
Oakland County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,260
Cap Rate 7%
$373,757
Cap Rate 9%
$290,700
Alternative Uses
Best Use
Retail
$1.17M
$1.02M – $1.36M
NOI $81,779 @ 7.0% cap · market cap 18.38%
Second Best
Mixed Use
$1.10M
$961.9K – $1.28M
NOI $76,950 @ 7.0% cap · market cap 17.29%
Theoretical Best
Specialty Retail
$1.64M
$1.43M – $1.91M
NOI $114,748 @ 7.0% cap · market cap 25.79%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
63
Businesses Nearby
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Business Placement
Demographics for 48346, MI
23,058
Population
10,157
Households
2.3
Avg Household Size
42
Median Age
41%
College-Educated
95%
High-School Grad
18.1 sq mi
ZIP Area
1,274
Density / Sq Mi
$97,857
Median Household Income
$49,935
Median Earnings
$1,360
Median Rent
$295,200
Median Home Value
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Market
Properties on Market for Mixed-use properties in Oakland County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property includes an existing structure and carries C-2, O-1, and R-1A zoning.
Where is this mixed-use property located?
The property is located at 3041 REEDER RD Clarkston, MI.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Existing structure built in 1979; C‑2, O‑1, and R‑1A zoning; Located at 3041 Reeder Rd, Clarkston, MI
