2820 W Maple Road, TroyCity_Oakland, Michigan

$2,950,000

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16,600

Square feet

About 2820 W Maple Road

Outstanding long-term investment or owner-user opportunity in a prime Troy location! This approximately 16,600-square-foot, two-story professional office building is situated on approximately 1.24 acres along highly traveled W. Maple Road, near Coolidge Highway and Birmingham. The property currently features 47 individual rental units, providing diversified income and flexibility for investors. The building is currently 97 % leased, generating approximately $19,787 in monthly gross revenue, and $237,400 in annual gross income. Annual operating expenses are approximately $84,777 resulting in an estimated net annual income of $152,623. The multi-tenant configuration offers a variety of suite sizes, making the property well suited for a long-term investor or an owner-user seeking to occupy a portion of the building while continuing to generate rental income from the remaining units. Features include a central lobby, common hallways and restrooms, convenient building access, prominent signage opportunities and ample surface parking. Strategically located near Birmingham, Somerset Collection, Oakland/Troy Airport and major transportation routes. Excellent opportunity to acquire a well-positioned commercial asset with existing income, value-add potential and long-term appreciation opportunities. Financial information is subject to verification. Buyer and buyer’s agent to verify all information.

Features of 2820 W Maple Road

MLS® # 20261056990
Price $2,950,000
Square Footage 16,600
Acres 0.00
Year Built 1967
Type CommercialSale
Sub-Type RealEstateOnly
Status Active

Community Information

Address 2820 W Maple Road
Area Area02203Troy
Subdivision MAPLE VIEW
City TroyCity_Oakland
County Oakland
State Michigan

Amenities

Is Waterfront No
Has Pool Yes

Interior

Fireplace Yes
Stories Two

Exterior

Roof Asphalt
Construction AluminumSiding, Brick
Foundation Basement, Block

School Information

District Troy
High Troy

Additional Information

Zoning Commercial
Foreclosure Yes
Short Sale Yes
RE / Bank Owned Yes

Listing Details

OfficeEXP Realty Birmingham

Listing Map

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