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3985 John R Rd, Troy, MI 48083
High-visibility commercial land with redevelopment potential in Troy, Michigan.
Property Size3,550 SF
Price / SF$394.08
Days on Market646
Property Features for 3985 John R Rd
General Information
Standard status
Active
Size
3,550 SF
Total Parking Spaces
50
Property subtype
Retail
Zoning
General Business
Investment Type
Value Add
Building Details
Year Built
1959
Buildings
1
Tenancy
Single
Listing Agency:
The Jonna Group at Colliers International
(248) 226-1610
Listed By:
Simon Jonna · License #MI 6501357188
Source:
Crexi
Added: Nov 12, 2024
Changed: Aug 15
Last Checked: Aug 19 at 9:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Jonna Group at Colliers International
Investment Insights
Based on property information with market context.
This property, situated in the heart of Troy, benefits from high visibility and easy access to major roads and highways. It is ideal for commercial redevelopment and boasts a generous lot size, providing ample space for various redevelopment opportunities, whether it's retail, office space, or mixed-use development. Zoned for commercial use, this site offers flexibility for a wide range of business ventures, enhancing its appeal to investors looking to maximize their return. A liquor license is available. Located on John R Rd, a well-trafficked thoroughfare, the property enjoys significant daily foot and vehicle traffic, which is advantageous for businesses. The area is well-developed with existing utilities and infrastructure, reducing initial redevelopment costs and speeding up project timelines. Close to shopping centers, restaurants, and other commercial establishments, the property is in a vibrant area that attracts both consumers and businesses. Troy is a growing city with a strong economic base, making it a promising location for long-term investment and development. The surrounding area has a diverse and affluent population, providing a solid customer base for any new business ventures. The property size is 3550 square feet.
Key Highlights
- High visibility location on John R Rd with significant daily foot and vehicle traffic.
- Generous lot size zoned for commercial use, allowing for flexible redevelopment opportunities (retail, office, mixed‑use).
- Liquor License available.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
Explore this area
Business Placement
Demographics for 48083, MI
24,074
Population
10,437
Households
2.3
Avg Household Size
41
Median Age
53%
College-Educated
91%
High-School Grad
8.6 sq mi
ZIP Area
2,799
Density / Sq Mi
$88,551
Median Household Income
$53,204
Median Earnings
$1,277
Median Rent
$293,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - High-visibility commercial land with redevelopment potential in Troy, Michigan.
Where is this commercial land located?
The property is located at 3985 John R Rd Troy, MI.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: High visibility location on John R Rd with significant daily foot and vehicle traffic.; Generous lot size zoned for commercial use, allowing for flexible redevelopment opportunities (retail, office, mixed‑use).; Liquor License available.
