24755 Gibraltar Rd, Flat Rock, MI 48134-2702
This 5.57-acre commercial land parcel in Flat Rock, Michigan (APN 58-134-99-0006-000), is strategically located at 24755 Gibraltar Rd, 48134, offering exceptional visibility and access. Boasting over 12,000 vehicles per day and proximity to I-75 (over 73,537 vehicles per day), this site benefits from high traffic counts. The property is adjacent to a 36,820+ square foot multi-tenant retail center anchored by national brands like Anytime Fitness and Hungry Howie's. The surrounding area features a strong demographic profile, with average household incomes exceeding $92,700 within one mile, $94,500 within three miles, and $92,100 within five miles. A population exceeding 83,275 resides within a five-mile radius. National retailers such as Dollar General, Rite Aid, Dairy Queen, Burger King, Kroger, Tim Horton's, Meijer, McDonald's, and Wendy's are also nearby. The property's location is approximately 25 miles southwest of downtown Detroit and near the 2.9 million square foot Ford Flat Rock Assembly Plant. This prime location presents a significant opportunity for commercial development. The asking price is $399,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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