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    Property profile & analytics
    OFF-MARKET Estimated value $655,000
    Office buildings

    20800 Greenfield Rd, Oak Park, MI 48237-3051

    4,680 SF 0.77 ac lot Built 1962
    Individually Owned 3-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-5267296
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 20800 Greenfield Road, offers 14,480 square feet of versatile space ideal for a variety of uses, including medical, executive, and creative offices. The property consists of two buildings, each two stories high, built in 1962 and extensively renovated in 2024. The buildings boast a clean and strong structure, featuring a steel metal roof and a convenient drive-thru. Ample parking is available with 70 spaces. The property is zoned B2 and previously housed a Citizens Bank branch, benefiting from an existing fire suppression system. Two spaces are currently available, ranging from 7,000 to 7,800 square feet. Its strategic location across from the Northland Mall development offers unparalleled visibility and accessibility. This property presents a unique opportunity for an investor or owner-user seeking a well-maintained, versatile space in a high-traffic area. The property's convenient location at the intersection of Greenfield Road and 8 Mile Road ensures excellent visibility and accessibility. No elevators are present. This is a multi-tenant building with a strong structure and significant parking. The property's recent renovation ensures modern amenities and functionality. This is an excellent opportunity for a business seeking a high-profile location with ample space and parking.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1962
    Total area 4,680 SF
    Lot 0.77 ac (33,541 SF)
    Zoning code B-2
    APN 52-25-31-351-009
    UPID US43-5267296
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $710k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $401k
    Blend (final) Blend
    $655k
    Owner & transaction history
    Bazzi Younes · 3 yrs held
    Bazzi Younes
    since 2023
    Last sale
    $650,000
    7 recorded transactions
    2023
    $650,000
    2023
    $313,000
    2022
    2022
    2006
    $280,000
    2005
    1969
    Zoning & alternative use
    B-2 · Oak Park, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $825,000 +238.1%
    Retail stores $790,000 +224.0%
    Medical building $740,000 +203.0%
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