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    Property profile & analytics
    OFF-MARKET Estimated value $2,520,000
    Commercial real estate

    7277 Richardson Rd, West Bloomfield, MI 48323-1266

    13,457 SF 2.07 ac lot Built 1925
    Entity Owned 24-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-1012737
    Property summary
    AI-generated overview

    This exceptional 2.07-acre property in West Bloomfield Township, Michigan, presents a unique redevelopment opportunity. Located at 7277 Richardson Rd, this vacant site boasts a Planned Development District (PDD) zoning designation, ideal for "Missing Middle Housing," encompassing diverse housing options like duplexes, fourplexes, cottage courts, and multiplexes. The 13,457 square foot, single-story building, constructed in 1952 with renovations in 1982, sits on the land and offers 30 surface parking spaces. The property features city water and sewer access. This prime location offers strong residential demographics, with median household incomes exceeding $107,000 within a 3-5 mile radius and a population of 146,000 within a 5-mile radius. Convenient access to major roadways, including M-5, I-275, and I-96, enhances its appeal. Nearby amenities include Bloomer Park, Baypoint Golf Course, Twin Beach Country Club, and a growing retail corridor along Haggerty Road. The property's APN is X-18-18-407-001. This is an outstanding investment opportunity for developers seeking to capitalize on the high demand for housing in this desirable West Bloomfield location. The asking price is $950,000. The property is currently vacant and offers significant potential for a lucrative multifamily development.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1925
    Total area 13,457 SF
    Lot 2.07 ac (89,995 SF)
    Zoning code BI
    APN X -18-18-407-001
    UPID US43-1012737
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.75M
    Blend (final) Blend
    $2.52M
    Owner & transaction history
    Jdl Investments-bloomfield LLC · 24 yrs held
    Jdl Investments-bloomfield LLC
    since 2001
    7 recorded transactions
    2023
    2022
    2021
    2017
    2001
    $1.6M
    1969
    1969
    Zoning & alternative use
    BI · West Bloomfield, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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