164 Maple Rd Troy, MI 48083
- Commercial real estate
- 9,425 SF
- 0.86 lot acres
Current Use by Public Records
- Bellacino's Pizza & Grinders / Restaurant
- City Style Tango / Training Center
- Skylar Laundromat (Troy) / (Bike/Boat/Book/etc) Store
- Head Over Heels Salon / Hair Salon / Nail Salon
Property Details for 164 Maple Rd
- Year built
- 1989
- Lot size
- 0.86 lot acres
- Property size
- 9,425 SF
- Zone code
- B-2
- Property type
- Commercial real estate
- APN
- 88-20-34-101-019
- APU
- 882034101019
Description
Exceptional investment opportunity in Troy, Michigan, featuring a thriving 2,600 square foot beauty salon located at 164 E Maple Rd. This established business, built in 1989, boasts 12 hair stations, 4 nail stations, and 2 pedicure chairs, catering to a diverse clientele. Three additional rooms offer versatility for expansion into services such as laser treatments, electrolysis, or facials; one room currently serves as an office. The property sits on a 0.86-acre lot (APN 20-34-101-019) and is zoned 201 Bus Improve. The current lease is $3,000 per month, and the business generates an annual profit between $25,000 and $30,000. A skilled team of 11 employees, including nail technicians, a lash expert, and hairdressers, ensures smooth operations. The owner is willing to provide training to ensure a seamless transition. Detailed financials are available upon request with a non-disclosure agreement. This turnkey operation presents a rare opportunity for a savvy investor seeking a profitable and established business in a prime location. The property consists of one building on a 0.86-acre lot.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,380,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,590,000
- 6.5%
- $1,470,000
- 7%
- $1,365,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,489,000
- AI Estimate
- $1,489,000
Market price range: $1.29M - $2.30MMarket price range: $1.29M - $2.30M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,690,000 Current use
- RESTAURANT
- $1,630,000 Change: -3% Conversion: Difficult
- RETAIL STORES
- $1,590,000 Change: -6% Conversion: Easy
- MEDICAL BUILDING
- $1,490,000 Change: -12% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Troy
- County
- Oakland
- State
- Michigan
- Longitude
- -83.1438
- Latitude
- 42.5479
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA