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    1655 Glengary Rd Commerce Charter Township, MI 48390

    Sponsored
    For Sale
    $399,000

    High-traffic retail space, ample parking.

    Property size:
    2,464 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This freestanding retail building, located at 1655 Glengary Rd in Commerce Charter Township, Michigan, 48390, presents a fantastic investment opportunity. The 2,464 square foot building sits on a 0.88-acre lot and is zoned C-1 Local Business District, allowing for a variety of uses. Potential tenants could include daycares, hardware stores, bakeries, hair salons, or medical/general offices. The property boasts abundant parking, significantly enhanced by a full parking lot replacement completed in 2023. A highly visible monument sign ensures excellent street presence. Further enhancing the property's value is a full basement, offering additional storage or potential for expansion. The asking price is $399,000, translating to $161.93 per square foot. This prime location in Oakland County offers exceptional visibility and accessibility, making it an ideal investment for a savvy entrepreneur or investor seeking a versatile and well-maintained commercial property.

    Property Features for 1655 Glengary Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,464 SF
    Lot Size
    38,333 SF

    HighLights

    • $399,000 asking price for this retail storefront.
    • 2,464 square feet on a 0.88‑acre lot.
    • $161.93 price per square foot.
    • C‑1 Local Business District zoning.
    • Freestanding building with ample parking (lot fully replaced in 2023), a monument sign, and a full basement.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Commerce Charter Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.5014448
    Latitude
    42.5613782

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic retail space, ample parking.
    Where is this individual retail property located?
    The property is located at 1655 Glengary Rd Commerce Charter Township, 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: $399,000 asking price for this retail storefront.; 2,464 square feet on a 0.88-acre lot.; $161.93 price per square foot.
    Request Owner's contact information
    1655 Glengary Rd Commerce Charter Township, MI 48390
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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
    1655 Glengary Rd Commerce Charter Township, MI 48390
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