Property profile

0 Telegraph Rd Flat Rock, MI 48134

OFF-MARKET
Retail properties & Spaces
111,111 SF 1.38 ac lot
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Property summary

AI-generated overview

This exceptional 1.38-acre commercial property in Flat Rock, Michigan, presents a unique redevelopment opportunity. Located on Telegraph Rd, with a Wayne County address and zip code 48134, this 111,111 square foot lot is zoned for commercial use (APN: 70062990003301). The asking price is $375,000, translating to $3 per square foot. The property's dimensions are approximately 200 x 300 feet, making it ideally suited for a variety of uses. Its previous uses included a bar, convenience store, and restaurant, suggesting versatility for future development. The property's depth is particularly well-suited for drive-thru businesses, such as fast food restaurants or coffee shops. This prime location offers significant potential for a franchise or similar fast-casual establishment. An additional, similarly sized and priced lot is available adjacent to the south, presenting an opportunity for expansion or a combined development. This is a rare chance to acquire a substantial commercial property in a desirable location with significant redevelopment potential. The property is ready for a new owner to envision and create a thriving business.

Property profile

Verified
Property type Retail properties & Spaces
Total area 111,111 SF
Lot 1.38 ac (60,113 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Telegraph Rd Flat Rock, MI 48134
Flat Rock metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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