Financial
Distress signals
Property profile

21500 Greenfield Rd Oak Park, MI 48237

OFF-MARKET
Commercial land
Property ID
US43-1514315
21,054 SF 0.53 ac lot Built 1961
Last sale Apr 2018 · $70,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 0.53-acre commercial vacant land parcel presents a unique opportunity for development in the thriving Oak Park, Michigan market. Located at 21500 Greenfield Road, this single-tenant property is zoned B-1, Neighborhood Business, offering a wide range of potential uses. The expansive lot size provides ample space for various commercial ventures, from retail establishments to small-scale office buildings. Its strategic location in Oakland County ensures excellent visibility and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$31k
Assessed land$26k
Assessed improvement$5k
Effective rate7.02%

Value estimate

· Sep 2026
$645k
$581k – $710k
AI approach$520k
Submarket $/SF estimate$716k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$91/SF
Submarket average, outlier-cleaned · 293 recorded sales of this use type
Observed band · Q1–Q3$34 – $170
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B-2
business districts. B-2 uses are generally characterized by an integrated or planned cluster of establishments served by a common parking...
General categoryCOMMERCIAL
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility11.1
Cafe & Coffee Shop10.8
HVAC Service9.7

Location

21500 Greenfield Rd Oak Park, MI 48237
County assessor Recorded deeds · 7 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
22610 Rosewood, Oak Park, MI 48237-2904 $57,000 Nov 2024 No data
14650 8th Mile, Oak Park, MI 48237-3047 $300,000 Aug 2024 No data
Coolidge, Oak Park, MI 48237 $162,000 Jul 2022 No data
24611 Coolidge, Oak Park, MI 48237-1449 $450,000 Mar 2022 No data
Greenfield Greenfield, Oak Park, MI 48237 $550,000 Jan 2022 No data
21320 Greenfield, Oak Park, MI 48237-3030 $550,000 Jan 2022 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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