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    FOR SALE
    Banks

    7001 Highland Rd, White Lake, MI 48383

    2,400 SF 2.09 ac lot Built 1973
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US43-1412390
    Property summary
    AI-generated overview

    This exceptional 2,400 square foot retail property, located at 7001 Highland Road in White Lake Charter Township, Oakland County, Michigan, presents a compelling investment opportunity. The former bank building, built in 1973, sits on a generous 2.07-acre lot and boasts 24 private parking spaces, complemented by an existing drive-thru. Its prime location on Highland Road ensures high visibility and accessibility. The property is zoned GB (General Business District), offering flexibility for redevelopment. Concept plans illustrate potential for expansion of the existing structure or the creation of two new retail or office buildings on the site. The asking price is $699,000, translating to $331.25 per square foot. The property's APN is 12-21-100-046 and the zip code is 48383. This is an ideal location for a variety of commercial uses, offering significant potential for growth and return on investment. The property's size and zoning provide ample room for creative redevelopment, catering to a range of business needs. This unique offering combines a desirable location with substantial land and building space, making it an attractive prospect for discerning investors.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 1973
    Total area 2,400 SF
    Lot 2.09 ac (91,040 SF)
    Zoning code GB
    APN Y -12-21-100-046
    UPID US43-1412390
    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
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    7001 White Lake LLC · 2 yrs held
    7001 White Lake LLC
    since 2023
    Last sale
    $442,500
    1 recorded transaction
    2023
    $442,500
    Zoning & alternative use
    GB · White Lake, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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