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Property profile & analytics
OFF-MARKET Estimated value $7,280,000
Strip malls

23001 Coolidge Hwy Oak Park, MI 48237-2071

85,429 SF 7.07 ac lot Built 1953
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US43-1858019
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1953
Total area 85,429 SF
Lot 7.07 ac (307,969 SF)
Zoning code B-2
APN 52-25-30-477-007
UPID US43-1858019
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
$7.13M
Blend (final) Blend
$7.28M
Owner & transaction history
Sterling Holdings LLC · 5 yrs held
Sterling Holdings LLC
since 2021
7 recorded transactions
2021
Price N/A
2017
Price N/A
2016
Price N/A
2007
Price N/A
2007
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
Top alternative use upside
Commercial (general) $7.8M +20.5%
Restaurant $7.8M +20.4%
Industrial (general) $7.1M +9.0%
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