Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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