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    Big Beaver Rd Troy, MI 48084

    Sponsored
    For Sale
    $1,850,000

    Prime 3.59-acre commercial lot in Troy, MI.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3.59-acre parcel of commercially zoned land presents a rare opportunity for development in Troy, Michigan. Located on Big Beaver Road, this property boasts unparalleled visibility and accessibility, with daily traffic counts exceeding 64,000 vehicles. The site is conveniently situated near major expressways, including M-59 and I-75, ensuring seamless connectivity for businesses and residents. Utilities are readily available at the street, simplifying the development process. The property's zoning permits a variety of commercial uses, including office, retail, and multi-family developments, offering flexibility for diverse projects. Its strategic location is further enhanced by the proximity to established restaurants, retail centers, and residential areas, creating a vibrant and thriving environment. The asking price is $1,850,000, translating to approximately $515,320 per acre. This represents a significant investment opportunity, particularly given its status as one of the last large commercially zoned parcels available on Big Beaver Road in Troy. The property's APN is 20-23-401-048. Note that an additional property located on the northwest corner may also be available.

    Property Features for 0 Big Beaver Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    156,380 SF

    HighLights

    • Last large commercially zoned parcel on Big Beaver Road in Troy.
    • Utilities available at the street.
    • Easy access to major expressways (M‑59 & I‑75).
    • High daily traffic counts exceeding 64,000 vehicles.
    • Excellent location near restaurants, retail, and residential areas.
    • Adjacent property on the northwest corner may also be available.
    Property Profile Location Intelligence

    Current Use by Public Records

    High-rise multifamily apartments

    Map

    City
    Troy
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1784048
    Latitude
    42.5613417

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    FAQs

    What type of property is this?
    Multifamily property - Prime 3.59-acre commercial lot in Troy, MI.
    Where is this multifamily property located?
    The property is located at Big Beaver Rd Troy, MI.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: Last large commercially zoned parcel on Big Beaver Road in Troy.; Utilities available at the street.; Easy access to major expressways (M-59 & I-75).
    (248) 399-9999
    Request Owner's contact information
    Big Beaver Rd Troy, MI 48084
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    Troy, MI 48084
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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
    Big Beaver Rd Troy, MI 48084
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