0 Telegraph Rd, Flat Rock, MI 48134
This exceptional 1.38-acre commercial property in Flat Rock, Michigan, presents a unique redevelopment opportunity. Located on Telegraph Rd, with a Wayne County address and zip code 48134, this 111,111 square foot lot is zoned for commercial use (APN: 70062990003301). The asking price is $375,000, translating to $3 per square foot. The property's dimensions are approximately 200 x 300 feet, making it ideally suited for a variety of uses. Its previous uses included a bar, convenience store, and restaurant, suggesting versatility for future development. The property's depth is particularly well-suited for drive-thru businesses, such as fast food restaurants or coffee shops. This prime location offers significant potential for a franchise or similar fast-casual establishment. An additional, similarly sized and priced lot is available adjacent to the south, presenting an opportunity for expansion or a combined development. This is a rare chance to acquire a substantial commercial property in a desirable location with significant redevelopment potential. The property is ready for a new owner to envision and create a thriving business.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.