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    Property profile & analytics
    OFF-MARKET Estimated value $645,000
    Commercial land

    21500 Greenfield Rd, Oak Park, MI 48237

    21,054 SF 0.53 ac lot Built 1961
    Entity Owned 8-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1514315
    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 accessibility, attracting a significant customer base. The property's address is easily identifiable and convenient for both employees and clients. The B-1 zoning designation allows for a diverse array of commercial activities, making it an attractive investment for entrepreneurs and businesses seeking a prime location to establish or expand their operations. This is a rare opportunity to acquire a sizable, well-situated commercial land parcel in a high-demand area. The property is ready for immediate development, offering a blank canvas for your vision. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property is located in the 48237 zip code.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Year built 1961
    Total area 21,054 SF
    Lot 0.53 ac (23,087 SF)
    Zoning code B-2
    APN 52-25-31-302-003
    UPID US43-1514315
    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
    $520k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $716k
    Blend (final) Blend
    $645k
    Owner & transaction history
    Js Property LLC · 8 yrs held
    Js Property LLC
    since 2018
    7 recorded transactions
    2018
    $70,000
    2018
    2013
    2013
    2012
    $50,000
    2003
    2003
    Zoning & alternative use
    B-2 · Oak Park, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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