13400 8th Mile Rd, Oak Park, MI 48237-3244
This 1.2-acre commercial land parcel in Oak Park, Michigan, presents a unique investment opportunity. Situated at 13400 Eight Mile Rd, 48237, this single-tenant property boasts a prime location on a hard-signalized intersection in Oakland County. The approved plan for a full-service car wash ensures a clear path to development, capitalizing on the exceptional visibility and high volume of customer traffic. The property's location offers significant advantages for businesses seeking high exposure and convenient access. The 1.2-acre lot size provides ample space for construction and operation. This land lease opportunity is ideal for investors seeking a strong return on investment in a high-demand area. The property's strategic placement at a busy intersection guarantees significant daily traffic exposure, making it an attractive proposition for a variety of commercial ventures. Detailed site plans for the approved car wash are available upon request. This is a rare chance to acquire a well-positioned commercial property in a thriving Michigan market. Don't miss this chance to secure a prime location for your next business venture.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
B-1 · Oak Park, MIOak Park. Always verify with local authorities before improvements.
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.