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Property profile & analytics
OFF-MARKET Estimated value $220,000
Auto shops

2533 Crooks Rd Royal Oak, MI 48073-3309

1,432 SF 0.24 ac lot Built 1953
Entity Owned 24-yr Hold Free & Clear
Property ID
US43-0111580
Property summary
AI-generated overview

This exceptional 1,150-square-foot freestanding retail building, located at 2533 Crooks Road in Royal Oak, Michigan, presents a unique opportunity for lease or redevelopment. Situated on a 0.78-acre lot, this single-story structure, built in 1953, offers ample potential for a variety of uses. The property boasts 12 parking spaces, ensuring convenient access for customers and employees. Currently vacant, the entire 1,150 square feet is available for immediate occupancy. The building's zoning is Neighborhood Business, allowing for flexibility in potential uses. The property's location is ideal, situated north of 12 Mile Road in the Royal Oak Vicinity submarket, with easy access to major thoroughfares. The property's previous use as an auto repair shop suggests a strong foundation for various retail, food service, or mixed-use projects. The owner is open to build-to-suit options or partnering on redevelopment projects, offering significant flexibility for prospective tenants or developers. The property's parcel numbers are 25-09-152-025 and 026. Ample power is available on-site. This is a rare opportunity to acquire a well-located property with significant redevelopment potential in a thriving Michigan community. The zip code is 48073.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1953
Total area 1,432 SF
Lot 0.24 ac (10,498 SF)
Zoning code NBHD BUS
APN 72-25-09-152-026
UPID US43-0111580
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
Current use
Occupant on record · Public records
  • Mobile Prodigy Auto Repair Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$220k
Owner & transaction history
V N S Holdings LLC · 24 yrs held
V N S Holdings LLC
since 2002
1 recorded transaction
2002
$170,000
Zoning & alternative use
NBHD BUS · Royal Oak, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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