1215 West Oakley Park Road Retail
  • Asking Price
    $805KAsking Price
  • Price/SF
    $183.50Price/SF
  • Gross Leasable Area
    4,388 SFGross Leasable Area
  • Occupancy
    100%Occupancy
  • Built
    1929Built
  • Acres
    ~0.24 acAcres

Description

1215 West Oakley Park Road is an income-producing commercial property in Commerce Township, MI, offered for $805,000. The 4,388 SF property combines an operating convenience store with residential rental space, giving a buyer exposure to both commercial and residential occupancy.

The store occupies the ground floor of a building constructed in 1929, with a one-bedroom, one-bath apartment above. A neighboring single-family rental home has two bedrooms and one bath. The residential components are fully occupied, and the property is listed at 100% occupancy. For an investor, the arrangement brings together an established store location and occupied housing; the sale is of the property, not the convenience store business. The property spans 0.24 acres.

The property sits on West Oakley Park Road in Commerce Township’s lakes community. The convenience store has operated here for over 20 years, establishing a commercial presence alongside the residential uses. Nearby lakes shown in the area include North Commerce Lake, South Commerce Lake and Wolverine Lake. That setting helps explain the combination of a neighborhood-serving store and rental housing, while keeping the investment case grounded in the uses already present.

At the $805,000 asking price, the opportunity centers on an occupied property with distinct commercial and residential components. Its configuration gives an investor more than a single-use building to underwrite, while the store’s operating history offers context for the site’s commercial role. The identified parcel, APN 17-22-103-006, carries S1D; One Family Residential zoning. Review the property’s configuration and income in connection with the offering.

Offering Summary

  • Asking Price
    $805,000
  • Price PSF
    $183.50
  • Price/Acre
    $3,354,166.67
  • Property Type
    Land/Development
  • Size
    4,388 SF
  • Occupancy
    100%
  • Properties
    1
  • Built
    1929
  • Total Acres
    ~0.24 ac

Documents

Property Address

1215 West Oakley Park Road
Commerce Township, MI 48390

Property Details

  • Square Feet
    4,388 SF
  • Property Type
    Retail
  • Gross Leasable Area
    4,388 SF
  • Occupancy
    100%
  • Year Built
    1929
  • Acres
    0.24
  • Zoning
    B1; Local Business & S1D; One Family Residential

Deal Team

Michael Murphy profile image

Michael Murphy

Vice President
Gerdom Realty & Investment
MI RE Lic. 6501389134