1420 Opdyke Rd Auburn Hills, MI 48326-2651
- Commercial real estate
- 3,325 SF
- 1.20 lot acres
Jan 11, 2024
Current Use by Public Records
- Zax auto wash / Car Wash
- Classic Touch Auto Wash / Car Wash
Property Details for 1420 Opdyke Rd
- Year built
- 1984
- Lot size
- 1.20 lot acres
- Property size
- 3,325 SF
- Zone code
- B-2
- Property type
- Commercial real estate
- APN
- 02-14-23-126-011
- APU
- 21423126011
Description
This exceptional retail opportunity presents a 3,325-square-foot auto shop situated on a 1.01-acre lot in Auburn Hills, Michigan. The property includes both the business and real estate, offering a unique chance for immediate income generation and future expansion. The location boasts excellent visibility, situated just west of the I-75/University Drive interchange, providing high exposure from both Opdyke Road and University Drive. This strategic location offers proximity to a significant customer base. Oakland University, with its 15,922 student enrollment in 2023, is just minutes away, providing access to a large pool of potential customers including students, staff, and faculty. Furthermore, the property's proximity to Stellantis North American Headquarters, a major employer with over 15,000 employees and 5.4 million square feet of office space, ensures a consistent flow of potential clients. The surrounding area is densely populated, with nearly 160,000 residents within a five-mile radius and an average household income exceeding $98,000 annually. This strong demographic profile supports a robust and reliable customer base. The property's size allows for potential redevelopment or expansion, presenting a significant opportunity for growth and increased profitability. This turnkey operation is ready for a new owner to capitalize on its existing success or implement innovative strategies to further enhance its revenue potential.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $850,000
- AI Estimate
- $813,000
Market price range: $396k - $850kMarket price range: $229k - $813k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $585,000 Current use
- RETAIL STORES
- $560,000 Change: -4% Conversion: Easy
- MEDICAL BUILDING
- $525,000 Change: -10% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Auburn Hills
- County
- Oakland
- State
- Michigan
- Longitude
- -83.2454
- Latitude
- 42.6626
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA