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    3250 Big Beaver Rd Troy, MI 48084

    Sponsored
    For Sale
    Contact for pricing

    1.5-Acre Commercial Land Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.5-acre commercial land parcel presents a prime development opportunity in Troy, Michigan. Located at 3250, 3290, and 3310 West Big Beaver Road, this property boasts unparalleled visibility and accessibility. Its strategic location just west of the renowned Somerset Collection shopping center provides significant advantages for businesses seeking high foot traffic and brand exposure. The Somerset Collection, a luxury shopping destination encompassing over 1.44 million square feet, features more than 180 stores and restaurants, including four major department stores: Nordstrom, Neiman Marcus, Macy's, and Saks Fifth Avenue. The property benefits from the high traffic volume and affluent demographic associated with this premier shopping center. The site is further enhanced by its position within the Troy Big Beaver Corridor Plan, suggesting future development opportunities and potential for growth. This land is available for lease or build-to-suit, offering flexibility to prospective tenants or developers. The property's 1.5-acre size allows for substantial development potential, catering to a wide range of commercial uses. With its excellent location, visibility, and development potential, this property represents a unique investment opportunity in a thriving commercial corridor. The property is situated in Oakland County, Michigan, and has a zip code of 48084.

    Property Features for 3250 Big Beaver Rd

    General Information

    Property type
    Land
    Lot Size
    65,340 SF

    HighLights

    • High visibility on Big Beaver Road, adjacent to the Somerset Collection.
    • 1.5‑acre site located west of the 1.44 million square foot Somerset Collection, a luxury shopping center with over 180 stores and four major department stores (Nordstrom, Neiman Marcus, Macy's, and Saks Fifth Avenue).
    • Development opportunity within the Troy Big Beaver Corridor Plan.
    Property Profile Location Intelligence

    Current Use by Public Records

    American Dysautonomia Institute Charity VEST, Inc. Software Company SYSTEMS SOLUTION ENGINEERING Engineer Rise-es Software Company Detroit Website Design Website Designer

    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
    Troy
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1942887
    Latitude
    42.5647104

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    FAQs

    What type of property is this?
    Land - 1.5-Acre Commercial Land Opportunity
    Where is this land located?
    The property is located at 3250 Big Beaver Rd Troy, MI.
    What are key features of this property?
    This property features: High visibility on Big Beaver Road, adjacent to the Somerset Collection.; 1.5-acre site located west of the 1.44 million square foot Somerset Collection, a luxury shopping center with over 180 stores and four major department stores (Nordstrom, Neiman Marcus, Macy's, and Saks Fifth Avenue).; Development opportunity within the Troy Big Beaver Corridor Plan.
    (248) 353-0500
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    3250 Big Beaver Rd Troy, MI 48084
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    Troy, MI 48084
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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
    3250 Big Beaver Rd Troy, MI 48084
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