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    1147 South Blvd Rochester Hills, MI 48307

    Sponsored
    For Sale
    $495,000

    Prime 2-acre office site, reduced price.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 2-acre commercial land parcel, located at 1147 E South Blvd in Rochester Hills, Michigan, presents a compelling investment opportunity. Zoned O-1 Office Business, this property is ideally suited for a variety of medical or office uses. The parcel boasts a convenient location near Troy Beaumont, offering excellent accessibility and visibility. The address is 1147 E South Blvd, Rochester Hills, MI 48307, with Oakland County as the county and the parcel number being 15-36-352-024. The asking price has been significantly reduced to $495,000, making this a highly attractive proposition for developers and investors seeking a prime location in a thriving market. The property's 2-acre size provides ample space for development, while its strategic location ensures high visibility and easy access for potential clients and employees. This is a rare opportunity to acquire a well-situated commercial land parcel in a desirable area, at a significantly reduced price. Don't miss out on this chance to secure a valuable asset in a rapidly growing community. The property is back on the market and ready for immediate consideration.

    Property Features for 1147 South Blvd

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    HighLights

    • 2+ acre commercial land parcel for sale on South Blvd, Rochester Hills.
    • Located near Troy Beaumont Hospital.
    • Ideal for medical or office use.
    • Zoned O‑1 (Office Business).
    • Significantly reduced price: $495,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1082442
    Latitude
    42.624222

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    FAQs

    What type of property is this?
    Land - Prime 2-acre office site, reduced price.
    Where is this land located?
    The property is located at 1147 South Blvd Rochester Hills, MI.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: 2+ acre commercial land parcel for sale on South Blvd, Rochester Hills.; Located near Troy Beaumont Hospital.; Ideal for medical or office use.
    (248) 848-4133
    Request Owner's contact information
    1147 South Blvd Rochester Hills, MI 48307
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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
    1147 South Blvd Rochester Hills, MI 48307
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