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    21700 Greenfield Rd Oak Park, MI 48237

    Sponsored
    For Lease
    $10 SF/Yr

    Prime Oak Park commercial space, flexible layouts.

    Lot size:
    198,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Greenfield Plaza, located at 21700 Greenfield Rd in Oak Park, MI, offers 198,000 square feet of prime commercial space across a five-story, Class B building constructed in 1968. This single building sits on a 6.14-acre lot and features a variety of flexible floor plans suitable for diverse business needs. Tenants can choose from multiple suites, with a minimum divisible space of 300 square feet and a maximum contiguous space of 8,000 square feet. The building is currently configured for multiple tenants. The property is ideally suited for retail, medical offices, hair salons, schools, general business offices, and specialty businesses. Three elevators service the building, which boasts a ceiling height of 10 feet. Its strategic location across from a new multi-family, retail, and office development ensures high visibility and traffic. Easy access to major thoroughfares and ample parking further enhance its appeal. This vibrant, growing community presents a unique opportunity to establish a presence in a dynamic business hub.

    Property Features for 21700 Greenfield Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    198,000 SF
    Class
    B
    Total Rate
    165000

    Building Details

    Year Built
    1968
    Buildings
    1
    Stories
    5

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    8,000 SF
    Rate per SF
    $10
    Space
    Available Space 2
    Size
    2,500 SF
    Rate per SF
    $10

    HighLights

    • 198,000 SF multi‑tenant office building with 10 suites.
    • Minimum 300 SF, maximum contiguous 8,000 SF available.
    • Located at 21700 Greenfield Rd, Oak Park, MI.
    • 6.14‑acre lot, Class B building, built in 1968.
    • Five‑story building with three elevators, 10' ceilings.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness 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
    -83.199897
    Latitude
    42.4530756

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    FAQs

    What type of property is this?
    Medical office - Prime Oak Park commercial space, flexible layouts.
    Where is this medical office located?
    The property is located at 21700 Greenfield Rd Oak Park, MI.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 198,000 SF multi-tenant office building with 10 suites.; Minimum 300 SF, maximum contiguous 8,000 SF available.; Located at 21700 Greenfield Rd, Oak Park, MI.
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    21700 Greenfield 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
    21700 Greenfield Rd Oak Park, MI 48237
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