Property profile

512 S Franklin, IN 46131

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional commercial property, located at 2137 N. Opdyke Rd in Oakland County, offers a unique investment opportunity. The 2.23-acre site boasts two buildings, each measuring 950 square feet, totaling 1,900 square feet of leasable space. Currently, the entire 1,900 square feet is vacant and available for lease. The property features a mixed-use commercial zoning designation, presenting exciting redevelopment possibilities. The rectangular parcel enjoys excellent visibility with 150 feet of frontage on N. Opdyke Road and a single curb cut. The front building is suitable for office or commercial use, while the rear building is a pole barn structure with insulated concrete walls, electricity, and overhead doors. All utilities, including sewer, irrigation, and cable, are connected to the site. The property's strategic location is a significant advantage, situated just half a mile west of I-75, between University Drive and Walton Boulevard. This prime location offers easy access to Oakland University, HUB Stadium, and numerous national retailers. A motivated seller is open to flexible lease terms. The APN is 14-14-151-026.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

512 S Franklin, IN 46131
Franklin metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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