Property profile

7001 Highland Rd White Lake, MI 48383

FOR SALE
Banks
Property ID
US43-1412390
2,400 SF 2.09 ac lot Built 1973
Entity Owned 2-yr Hold Free & Clear
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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

Location

7001 Highland Rd White Lake, MI 48383
White Lake metro Census 130100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$505k

Owner & transaction history

since 2023
Last sale
$442,500
1 recorded transaction
2023
$442,500

Zoning & alternative use

GB · White Lake, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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