21600 Greenfield Rd Oak Park, MI 48237

Property Details for 21600 Greenfield Rd

Year built

1964

Lot size

0.91 lot acres

Property size

19,754 SF

Zone code

B-2

Property type

Retail space

APN

52-25-31-301-008

APU

522531301008

Description

This exceptional mixed-use property at 21600 Greenfield Road in Oak Park, Michigan, presents a compelling investment opportunity. The 19,754 square foot building, constructed in 1964 and extensively renovated in 2020, sits on a 0.91-acre lot and boasts 16 units, currently operating as executive office space. The building is entirely leased on a month-to-month basis, generating a gross monthly lease income exceeding $17,000. The property offers significant upside potential due to its prime location across the street from a major development project. The large parking lot provides ample space for tenants and visitors. There are no restrictive covenants on the property, offering flexibility for future use or redevelopment. The asking price is $995,000, representing a strong return on investment for a discerning buyer. The property's 100% ownership provides complete control and management flexibility. This is a rare opportunity to acquire a high-performing, well-maintained commercial property in a rapidly developing area of Oakland County. The net rentable square footage is 100 square feet. This property is a turnkey operation with immediate cash flow.

Location Insight

City

Oak Park

County

Oakland

State

Michigan

Longitude

-83.2001

Latitude

42.452

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments