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    3200 14 Mile Rd Birmingham, MI 48073

    Sponsored
    For Sale
    $2,500,000

    Prime Royal Oak location, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.63-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Royal Oak, Michigan. Situated at the major intersection of Coolidge and 14 Mile Road, this property benefits from high visibility and significant traffic flow. The site is zoned for Retail Industrial use, offering considerable flexibility for a variety of development projects. A gas station anchors the west side of the property, providing established commercial presence and attracting substantial customer traffic. A particularly attractive feature is the 1.65-acre eastern portion, perfectly suited for a car wash or fast-food establishment with a drive-thru. This section benefits from a newly created intersection complete with a traffic light, ensuring convenient and safe access for customers. The asking price for this strategically located and versatile property is $2,500,000. This represents a unique chance to capitalize on Royal Oak's robust economy and prime location within Oakland County, Michigan, zip code 48073. The property's address is 3200 W 14 Mile Rd, Birmingham, MI.

    Property Features for 3200 14 Mile Rd

    General Information

    Property type
    Land
    Lot Size
    245,243 SF

    HighLights

    • New Royal Oak development.
    • High‑traffic corner lot at Coolidge & 14 Mile Roads.
    • Gas station anchors the west side.
    • 1.65‑acre parcel available for car wash or fast‑food with drive‑thru (east side).
    • New traffic signal provides excellent access.
    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 Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1846614
    Latitude
    42.532945

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    FAQs

    What type of property is this?
    Land - Prime Royal Oak location, ideal for development.
    Where is this land located?
    The property is located at 3200 14 Mile Rd Birmingham, MI.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: New Royal Oak development.; High-traffic corner lot at Coolidge & 14 Mile Roads.; Gas station anchors the west side.
    Request Owner's contact information
    3200 14 Mile Rd Birmingham, MI 48073
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    Birmingham, MI 48073
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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
    3200 14 Mile Rd Birmingham, MI 48073
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