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    7001 Highland Rd White Lake charter Township, MI 48383

    Sponsored
    For Sale
    $699,000

    Prime White Lake Bank Building - Redevelopment Potential

    Property size:
    2,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 2,400 square foot retail property, located at 7001 Highland Road in White Lake Charter Township, Oakland County, Michigan, presents a compelling investment opportunity. The former bank building, built in 1973, sits on a generous 2.07-acre lot and boasts 24 private parking spaces, complemented by an existing drive-thru. Its prime location on Highland Road ensures high visibility and accessibility. The property is zoned GB (General Business District), offering flexibility for redevelopment. Concept plans illustrate potential for expansion of the existing structure or the creation of two new retail or office buildings on the site. The asking price is $699,000, translating to $331.25 per square foot. The property's APN is 12-21-100-046 and the zip code is 48383. This is an ideal location for a variety of commercial uses, offering significant potential for growth and return on investment. The property's size and zoning provide ample room for creative redevelopment, catering to a range of business needs. This unique offering combines a desirable location with substantial land and building space, making it an attractive prospect for discerning investors.

    Property Features for 7001 Highland Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,400 SF
    Lot Size
    90,169 SF

    Building Details

    Year Built
    1973

    HighLights

    • For Sale: Former Bank Building, 2,400 SF.
    • 2,400± SF building on a 2.07± acre lot.
    • 24 private parking spaces and existing drive‑thru.
    • High‑visibility location on Highland Road, White Lake.
    • Excellent redevelopment potential; concept plans available.
    • Zoned GB (General Business District).
    Property Profile Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    White Lake charter Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.5196408
    Latitude
    42.649664

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    FAQs

    What type of property is this?
    Individual retail property - Prime White Lake Bank Building - Redevelopment Potential
    Where is this individual retail property located?
    The property is located at 7001 Highland Rd White Lake charter Township, MI.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: For Sale: Former Bank Building, 2,400 SF.; 2,400± SF building on a 2.07± acre lot.; 24 private parking spaces and existing drive-thru.
    Request Owner's contact information
    7001 Highland Rd White Lake charter Township, MI 48383
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7001 Highland Rd White Lake charter Township, MI 48383
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