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    512 S Franklin, IN 46131

    Sponsored
    For Sale
    Contact for pricing

    Two Buildings, 1,900 SF, 2.23 Acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 2137 N. Opdyke Rd in Oakland County, offers a unique investment opportunity. The 2.23-acre site boasts two buildings, each measuring 950 square feet, totaling 1,900 square feet of leasable space. Currently, the entire 1,900 square feet is vacant and available for lease. The property features a mixed-use commercial zoning designation, presenting exciting redevelopment possibilities. The rectangular parcel enjoys excellent visibility with 150 feet of frontage on N. Opdyke Road and a single curb cut. The front building is suitable for office or commercial use, while the rear building is a pole barn structure with insulated concrete walls, electricity, and overhead doors. All utilities, including sewer, irrigation, and cable, are connected to the site. The property's strategic location is a significant advantage, situated just half a mile west of I-75, between University Drive and Walton Boulevard. This prime location offers easy access to Oakland University, HUB Stadium, and numerous national retailers. A motivated seller is open to flexible lease terms. The APN is 14-14-151-026.

    Property Features for 512 S

    General Information

    Property type
    Land

    HighLights

    • 1,900 SF total building area, divisible into two 950 SF units.
    • 2.23‑acre lot with two buildings.
    • Mixed‑use commercial zoning, redevelopment potential.
    • 150' of frontage on N. Opdyke Rd. with one curb cut.
    • One building suitable for office/commercial use; the other a pole barn with insulated concrete walls, electricity, and overhead doors.
    • All utilities available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Franklin
    County
    Johnson
    State
    Indiana
    Longitude
    -86.083860258695
    Latitude
    39.541877826648

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    FAQs

    What type of property is this?
    Land - Two Buildings, 1,900 SF, 2.23 Acres
    Where is this land located?
    The property is located at 512 S Franklin, IN.
    What are key features of this property?
    This property features: 1,900 SF total building area, divisible into two 950 SF units.; 2.23-acre lot with two buildings.; Mixed-use commercial zoning, redevelopment potential.
    (317) 410-6727
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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
    512 S Franklin, IN 46131
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