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11 photos
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$1,750,000
Est. payment /mo
1,600 SqFt
UPDATED:
12/16/2024 07:29 PM
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 1,600 sqft
Price per Sqft $1,093
Subdivision Mi
MLS Listing ID 60344039
Annual Tax Amount $3,904
Lot Size 0.260 Acres
Acres 0.26
Lot Dimensions 103.00 x 108.00
Property Description
THE DEVELOPERS DREAM! Already approved for mid-rise mixed use/ multifamily, the City of Oak Park will make this development easy for you. With most approvals already in place for between 6-8 stories, parking structure, and commercial on the first floor, the City planner and Mayor of Oak Park WANT this to be a part of their new Downtown Oak Park. Other development options are available if you're looking for townhouses or mixed use with both apartments and condos. The City is open to moving the building approach from 11 mile to the side street, Gardens, to streamline entry onto the property. With all new restaurants and entertainment opening monthly next door to this development, walking Oak Park's new downtown will be the destination spot. Not to mention the benefit of local parks being just 5 minutes away and award winning Berkley Schools! There are endless possibilities for development here with a City that is willing to make it happen. The land behind the building is currently owned by Oak Park where they will allow for a structure. Approval for digging below grade for underground parking has also been verbally approved for mid-rise. Photos are for design ideas. currently single story commercial building is existing.
Location
State MI
County Oakland
Area Oak Park (63255)
Zoning Commercial,Multi-Family
Building
Foundation Slab
Water Public Water
Structure Type Brick
Others
Ownership Private
Financing Cash,Conventional,Exchange/Trade
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Listed by KW Domain