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    14650 Eight Mile Rd Oak Park, MI 48237

    For Sale
    $399,000

    0.88-acre buildable lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 0.88-acre commercial land parcel presents a remarkable investment opportunity in Oak Park, Michigan. Located at 14650 West Eight Mile Road, this property boasts a highly desirable corner location, benefiting from exceptional visibility and accessibility. With a convenient proximity to the Lodge Freeway (within a quarter-mile), this site enjoys significant traffic exposure, estimated at 70,000 vehicles daily on Eight Mile Road. The property's industrial zoning (APN 25-31-451-006) allows for a diverse range of development possibilities, making it ideal for various commercial ventures. Adding to its appeal, the site is situated directly across from the recently constructed Forgotten Harvest facility. The asking price for this strategically positioned land is $399,000. This presents a rare chance to acquire a buildable lot in a thriving area with excellent infrastructure and high traffic volume. Don't miss this opportunity to secure a prime location for your next commercial project. The property is located in Oakland County, Michigan, with a zip code of 48237.

    Property Features for 14650 Eight Mile Rd

    General Information

    Property type
    Land
    Lot Size
    38,333 SF

    HighLights

    • 0.88‑acre buildable lot, ideal for various uses.
    • Corner lot with high visibility, boasting 70,000 vehicles daily on Eight Mile Road.
    • Less than a quarter‑mile from the Lodge Freeway.
    • Across from the new Forgotten Harvest facility.
    • Industrially zoned.
    • Priced at $399,000.
    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
    Oak Park
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1902367
    Latitude
    42.4457705

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    FAQs

    What type of property is this?
    Land - 0.88-acre buildable lot, prime location.
    Where is this land located?
    The property is located at 14650 Eight Mile Rd Oak Park, MI.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: 0.88-acre buildable lot, ideal for various uses.; Corner lot with high visibility, boasting 70,000 vehicles daily on Eight Mile Road.; Less than a quarter-mile from the Lodge Freeway.
    Request Owner's contact information
    14650 Eight Mile Rd Oak Park, MI 48237
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    Oak Park, MI 48237
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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
    14650 Eight Mile Rd Oak Park, MI 48237
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