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Property profile & analytics
FOR LEASE
Office buildings

21700 Greenfield Rd Oak Park, MI 48237

193,136 SF 6.15 ac lot Built 1968
Entity Owned 13-yr Hold Free & Clear
Property ID
US43-0944514
Property summary
AI-generated overview

Greenfield Plaza, located at 21700 Greenfield Rd in Oak Park, MI, offers 198,000 square feet of prime commercial space across a five-story, Class B building constructed in 1968. This single building sits on a 6.14-acre lot and features a variety of flexible floor plans suitable for diverse business needs. Tenants can choose from multiple suites, with a minimum divisible space of 300 square feet and a maximum contiguous space of 8,000 square feet. The building is currently configured for multiple tenants. The property is ideally suited for retail, medical offices, hair salons, schools, general business offices, and specialty businesses. Three elevators service the building, which boasts a ceiling height of 10 feet. Its strategic location across from a new multi-family, retail, and office development ensures high visibility and traffic. Easy access to major thoroughfares and ample parking further enhance its appeal. This vibrant, growing community presents a unique opportunity to establish a presence in a dynamic business hub.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1968
Total area 193,136 SF
Lot 6.15 ac (267,894 SF)
Zoning code B-2
APN 52-25-31-155-011
UPID US43-0944514
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.18M
Blend (final) Blend
$3.33M
Owner & transaction history
Greenfield Plaza Associates In · 13 yrs held
Greenfield Plaza Associates In
since 2012
7 recorded transactions
2012
Price N/A
2012
Price N/A
2012
$3.5M
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
B-2 · Oak Park, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

business districts. B-2 uses are generally characterized by an integrated or planned cluster of establishments served by a common parking lot. c. O office. The O districts are intended to accommodate uses such as offices, banks, personal services, and a limited amount of retail. The O districts can serve as a transition between residential uses and more inte…

Zone name General Business
General category COMMERCIAL
Zone area 72.74 ac
Source code of ordinances
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