31119 Greenfield Rd Beverly Hills, MI 48025-5619
- Warehouses
- 14,400 SF
- 1.19 lot acres
Current Use by Public Records
- Warehouses
Property Details for 31119 Greenfield Rd
- Year built
- 1959
- Lot size
- 1.19 lot acres
- Property size
- 14,400 SF
- Zone code
- BI
- Property type
- Warehouses
- APN
- TH-24-01-477-011
- APU
- TH2401477011
Description
This exceptional 14,400 square foot commercial property, located at 31119 Greenfield Road in Beverly Hills, Michigan (48025), presents a unique investment opportunity. The single-story, Class B building, constructed in 1959, sits on a 0.91-acre lot and offers a flexible layout suitable for various uses. Currently zoned B, the property features a blend of retail, office, and industrial space, making it ideal for a diverse range of businesses. The building boasts a 13-foot ceiling height, providing ample vertical space. For efficient loading and unloading, the property includes two loading docks and two drive-in doors. A significant portion of the building, totaling 7,888 square feet, is currently vacant and ready for immediate occupancy. This space was previously used as a gym, and some existing equipment may be available for purchase separately. The property's strategic location near the intersection of Greenfield Road and 13 Mile Road in the Birmingham Area submarket offers excellent visibility and accessibility. The multiple tenancy structure allows for diverse occupancy options, including but not limited to sports training facilities, retail establishments, medical distribution centers, or warehousing operations. This versatile property offers a compelling opportunity for businesses seeking a well-located, adaptable space in a thriving Michigan community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,110,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $855,000
- 6.5%
- $885,000
- 7%
- $920,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $830,000
- Geo Method
- $835,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $935,000
- Retail
- $960,000
- Mixed-Use
- $1,020,000
- Hospitality
- $950,000
- Educational
- $740,000
- Residential Income
- $825,000
- Energy
- $970,000
- Income-Based Land
- $880,000
- Food Service
- $810,000
Location Insight
- Map
- Local Demand
- City
- Beverly Hills
- County
- Oakland
- State
- Michigan
- Longitude
- -83.2048
- Latitude
- 42.5185
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA