$495,000
Active

1629 E Auburn Road E

Rochester Hills, MI 48307
0.43 acres | #R2220033486
Browse 16 photos
Type:Purchase
Structure:Commercial
Zone:Commercial

Description

A great development opportunity in the exciting Brookland's District of Rochester Hills. This amazing Brookland's District has been renovated from top to bottom that includes a splash park, boulevard and beautiful landscaping. The corridor has been has transformed into a more walkable business district that doubled parking within the corridor, created public open spaces, beautiful landscape, art and a splash pad. Rochester Hills is anxious to encourage redevelopment. This available property is a double lot, has 123 ft of frontage and is 150 foot deep. Corner lot with alley. In addition to street parking, there is a very close City parking lot a few steps off the alley near the splash pad. The very walkable sidewalks have planters with cute little fences, street art, landscaping to stage your development nicely. Zoning allows for residential use on the upper floors. A third floor is possible. The opportunities for a developer are tremendous. The existing building will go down easy.

  • Property Details
      • SubdivisionSUPERVISOR'S PLAT OF BROOKLANDS PARK
      • MLS #R2220033486
      • MLS #R2220033486
      • Property SubtypeCommercial
      • Original List Price$495,000
      • CountyOakland
      • Cost495000
      • Acres0.43
      • Year Built1942
      • FoundationSlab
      • Days on Market (Cumulative)342
      • Days On Market342
      • Buying Agency Compensation3
      • Garage Spaces0

Location

Workhorse Realty LLCReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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