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Property profile & analytics

3985 John R Rd Troy, MI 48083

  • Commercial land
  • 0.76 lot acres
For Sale
Last Sale
Jun 17, 2021
$115,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US43-2520992
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • The Gathering Place / Restaurant / Bar

Property Details for 3985 John R Rd

Lot size
0.76 lot acres
Zone code
B-2
Property type
Commercial land
APN
88-20-23-200-049
APU
882023200049

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Troy
County
Oakland
State
Michigan
Longitude
-83.1093
Latitude
42.5772
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$6,807
$0.00
$0.00
$167,350
-
$0.00
$0.00
$334,700
More about this property
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