3985 John R Rd, Troy, MI 48083-5660
This 3,550 square foot restaurant building, located at 3985 John R Rd in Troy, Michigan (zip code 48083), presents a compelling redevelopment opportunity. Situated on a 1.17-acre lot, the property enjoys high visibility and easy access to major roads and highways, benefiting from significant daily foot and vehicle traffic. Zoned for General Business use, this versatile site offers flexibility for a wide range of commercial ventures, including retail, office, or mixed-use development. Built in 1959, the existing structure provides a solid foundation for redevelopment, while the ample lot size allows for significant expansion or modification. The property benefits from existing utilities and infrastructure, minimizing initial redevelopment costs and accelerating project timelines. Its location within a vibrant commercial area, close to shopping centers and other establishments, ensures a strong customer base. Troy's robust economy and affluent population make this a promising location for long-term investment. A liquor license is also available with the property, adding further value to this exceptional redevelopment opportunity. This prime location in Oakland County offers significant potential for investors seeking to capitalize on a thriving market.
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The Gathering Place Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-2 · Troy, MITroy. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.