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    425 Franklin Rd Bloomfield Hills, MI 48302

    Sponsored
    For Sale
    $4,790,000

    Prime Retail Land, US-27 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9.8-acre commercial land parcel presents a unique investment opportunity in the thriving South Leesburg market. Ideally situated with direct access to US-27, this property offers unparalleled visibility and accessibility for businesses seeking high-traffic exposure. Currently, one retail space is available, providing flexibility for developers and businesses alike. The site allows for build-to-suit (BTS) and ground lease (GL) options, catering to a variety of development plans. This location benefits from its proximity to a national grocery anchor, ensuring a strong customer base and synergistic retail environment. The expansive acreage provides ample space for a variety of commercial developments, from smaller retail shops to larger-scale projects. The multiple tenancy option allows for diverse business combinations, maximizing rental income potential. This is a prime opportunity to capitalize on the growth and potential of South Leesburg's burgeoning commercial sector. Located in Lake County, this property offers easy access to major transportation routes and a strong local economy. The strategic location and flexible development options make this a highly attractive investment for both established businesses and forward-thinking developers seeking a high-impact location. Don't miss this chance to secure a prominent position in a rapidly expanding market. Contact us today to learn more about this exceptional retail land opportunity.

    Property Features for 425 Franklin Rd

    General Information

    Property type
    Land
    Lot Size
    1,368,655 SF

    HighLights

    • 9.8 acres of commercial land available in Lake County.
    • Retail property with one space available for lease.
    • Build‑to‑suit (BTS) and ground lease (GL) options available.
    • Located in a growing market with a national grocery anchor.
    • Outparcels offer direct access to US‑27.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bloomfield Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3041061
    Latitude
    42.5805638

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    FAQs

    What type of property is this?
    Land - Prime Retail Land, US-27 Access
    Where is this land located?
    The property is located at 425 Franklin Rd Bloomfield Hills, MI.
    What is the asking price?
    The asking price for this property is $4,790,000.
    What are key features of this property?
    This property features: 9.8 acres of commercial land available in Lake County.; Retail property with one space available for lease.; Build-to-suit (BTS) and ground lease (GL) options available.
    (248) 948-0103
    Request Owner's contact information
    425 Franklin Rd Bloomfield Hills, MI 48302
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    Bloomfield Hills, MI 48302
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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
    425 Franklin Rd Bloomfield Hills, MI 48302
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