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    Property profile & analytics
    OFF-MARKET
    Commercial land

    3985 John R Rd, Troy, MI 48083-5660

    0.76 ac lot
    Individually Owned 5-yr Hold Free & Clear
    Property ID
    US43-2520992
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 0.76 ac (33,106 SF)
    Zoning code B-2
    APN 88-20-23-200-049
    UPID US43-2520992
    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
    • The Gathering Place Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Danny G Dewolf · 5 yrs held
    Danny G Dewolf
    since 2021
    Last sale
    $115,000
    3 recorded transactions
    2021
    2018
    2005
    $115,000
    Zoning & alternative use
    B-2 · Troy, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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