For Sale
1 / 8
Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the White Lake market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
GB · White Lake, MIZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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