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    Oak Park, MI Multifamily Properties for Sale

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    Detroit, MI Southfield, MI Ferndale, MI
    Development Opportunity in Oak Park
    $650,000
    1,600 SF
    Development Opportunity in Oak Park

    14211 W 11 MILE Road, Oak Park, MI 48237

    Approved mixed-use/multifamily development site in Oak Park, MI.
    • Approved for mid‑rise mixed‑use/multifamily development (6‑8 stories).
    • City of Oak Park actively supports the development and wants it to be part of their new downtown.
    • Verbal approval for digging below grade for underground parking.
    • Flexible development options: townhouses, apartments, or condos.
    • Located in Oak Park's new downtown area with new restaurants and entertainment.
    Updated: Jan 30
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    Oak Park Development Opportunity
    $650,000
    Oak Park Development Opportunity

    14211 W 11 MILE Rd, Oak Park, MI 48237

    Approved mixed-use/multifamily development site in downtown Oak Park.
    • Approved for mid‑rise mixed‑use/multifamily development (6‑8 stories).
    • City of Oak Park actively supports and facilitates the development.
    • Flexibility for various development options: townhouses, apartments, or condos.
    • Potential for commercial space on the first floor.
    • Located in Oak Park's revitalized downtown area with new restaurants and entertainment.
    Updated: Apr 24
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    Gutted Mixed-Use Development Building
    $605,000
    12,456 SF
    Gutted Mixed-Use Development Building

    12,456 sq. ft. building with a new roof and B-2 zoning for flexible commercial or mixed-use development.

    21590 Greenfield Road, Oak Park, MI 48237

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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 3 Active listings in Oak Park, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Well-Maintained Duplex in Berkley
    $300,000
    1,336 SF
    Well-Maintained Duplex in Berkley

    Duplex in desirable location, ideal for investors or owner-occupants.

    2960 Kenmore Road, Berkley, MI 48072

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    Berkley Duplex Near Catalpa/Woodward
    $497,000
    Berkley Duplex Near Catalpa/Woodward

    Rare Berkley duplex, great location near Catalpa/Woodward Ave.

    1265-1275 Franklin Rd, Berkley, MI 48072

    View details
    Royal Oak Brick Duplex Investment
    $375,000
    Royal Oak Brick Duplex Investment

    Charming, fully leased duplex in Royal Oak with immediate cashflow.

    1109 Catalpa Dr, Royal Oak, MI 48067

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    Royal Oak Duplex For Sale
    $490,000
    1,650 SF
    Royal Oak Duplex For Sale

    Income-producing duplex near downtown Royal Oak's amenities.

    802 S Lafayette Ave, Royal Oak, MI 48067

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Expansive Land with Development Potential
    $6,900,000
    354.27 Acres
    Expansive Land with Development Potential

    350+ acres of prime land with two scenic lakes.

    VL N Fleming Road, Fowlerville, MI 48836

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    Residential Land in Riverdale
    Contact for pricing
    0.67 Acres
    Residential Land in Riverdale

    Vacant residential land suitable for building or mobile home placement.

    TBD N Lumberjack Road, Riverdale, MI 48877

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    Eastlake Marina District Land
    $765,000
    5.66 Acres
    Eastlake Marina District Land

    5.66 acres in Eastlake's Marina District, primed for development.

    35783 Lake Shore Boulevard, Eastlake, OH 44095

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    Sanford Vacant Land with Utilities
    Contact for pricing
    0.80 Acres
    Sanford Vacant Land with Utilities

    Two lots with water and electric hookups, lake access.

    978 timberlynn trail, Sanford, MI 48657

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    Off-Market Properties in Oak Park, MI

    Consider similar Off-Market properties in Oak Park, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    15301-15475 Miller St
    Multifamily properties
    19,288 SF Lot: 1.16 Acres
    Value Estimation by Request

    15301-15475 Miller St, Oak Park, MI 48237

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    Oak Park, MI Multifamily Properties Market Trends and Statistics

    Explore 4 multifamily properties for sale in Oak Park, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 1,600 square feet of properties for sale, with an estimated market value of $650,000.

    Sale prices for multifamily properties in Oak Park, MI start at $650,000, averaging $650,000, and reaching up to $650,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 29K
    Population Growth (5Y) -1.6%
    Median Household Income $65,882
    College Educated 54.2%

    High-Yield Neighborhoods for Investment

    Identify Oak Park submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    48237 $650K

    Taxes & Financing

    Tax Rate (average for all types) 4.81%
    Property Tax per SF $49.73 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Oakland County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Oakland County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Oak Park fall within the 25,000 to 50,000 square foot range.

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