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Property profile & analytics
FOR SALE
Retail properties & Spaces

24831 John R Rd Hazel Park, MI 48030-1146

1,500 SF 0.18 ac lot Built 1965
Entity Owned 7-yr Hold Absentee Owner Free & Clear
Property ID
US43-0289545
No photos on file
For Sale
$250,000 1,500 SF
24831 John R Rd, Hazel Park, MI 48030-1146
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Property summary
AI-generated overview

This exceptional 1,500 square foot single-tenant office building is ideally situated on John R Road, just south of 10 Mile Road in Oakland County. Its convenient location offers unparalleled visibility and accessibility for businesses seeking a prominent presence. The property is zoned for both office and retail use, providing flexibility for a variety of commercial ventures. The building itself boasts ample parking directly in front, ensuring convenient access for employees and clients. The "Local Business" zoning designation presents an excellent opportunity for a wide range of businesses to thrive in this high-traffic area. The building's size makes it perfect for a small business looking for a dedicated space or a larger business seeking a satellite office. The property's excellent visibility on John R Road guarantees significant exposure to potential customers. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving Oakland County market. The building's single-tenant occupancy offers simplicity and control for the owner. The ample parking further enhances the property's appeal and practicality. This is a turn-key opportunity for a business seeking a ready-to-occupy space with high visibility and convenient access. The property's location and zoning make it a highly desirable asset for both established and emerging businesses. Consider this prime location and the flexibility of the zoning to create a successful business venture.

Property profile
Verified
Property type Retail properties & Spaces
Use group NURSERY, GREENHOUSE, FLORIST
Year built 1965
Total area 1,500 SF
Lot 0.18 ac (7,841 SF)
Zoning code BI
APN 28-25-26-232-046
UPID US43-0289545
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
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Landmark Investment LLC · 7 yrs held
Landmark Investment LLC
since 2019
7 recorded transactions
2019
Price N/A
2013
Price N/A
2013
Price N/A
2011
$37,500
2011
Price N/A
2005
Price N/A
2005
$120,000
Zoning & alternative use
BI · Hazel Park, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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