Oakland MI Commercial for Sale
$8,250,000
123 Oakland Oakland, MI 48320
- Type:
- Industrial
- Sq.Ft.:
- 3,537
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.48 Acres
- Year built:
- 1920
- Baths:
- MLS#:
- 60325603
ADDITIONAL INFORMATION
Rare opportunity for a ?agship location! Located in the heart of one of Oakland County's high-income suburbs, it is one of a select few Provisioning Centers in the immediate area. Operating Adult-Use/Medical Provisioning Center available for sale - Business/License & real estate available. Buyer has the option to purchase the Business/License and lease the real estate. Approximately $1M +/- worth of inventory can be purchased separately.� � Opened for business in late 2021, with a steady monthly increase in sales. This location is currently averaging approximately $600,000 per month in revenue and has room for improvement. Current ownership operates near a 60% gross pro?t margin, making this a more attractive value-add opportunity than the model of 35-45% gross pro?t margin for most other Michigan Provisioning Centers. Freestanding building that was brand-new ground-up construction before its opening in 2021.� The site includes 22 parking spaces, plus ample street parking, and a prime monument sign for excellent brand exposure. Great synergy in the immediate marketplace surrounded by a dense high-income residential population, as well as, several national/regional tenants.
- Type:
- Industrial
- Sq.Ft.:
- 2,025
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1919
- Baths:
- MLS#:
- 60283866
ADDITIONAL INFORMATION
urnkey esthetician studio business available for sale, includes business and Leasehold Rights. New owners can continue to operate with the same business or rebrand/convert it to any similar uses that are allowed within the shopping center. The site sits directly on a heavily traveled road which sees approximately 151,589+ vehicles per day offering excellent brand exposure and plenty of daytime traf?c. Strong synergy in the immediate marketplace surrounded by a dense residential population and several national/local tenants nearby.
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Oakland Real Estate
The median home value in Oakland, MI is $935,000. This is higher than the county median home value of $304,600. The national median home value is $338,100. The average price of homes sold in Oakland, MI is $935,000. Approximately 94.4% of Oakland homes are owned, compared to 2.46% rented, while 3.14% are vacant. Oakland real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Oakland real estate agent to arrange a tour today!
Oakland, Michigan has a population of 5,793. Oakland is more family-centric than the surrounding county with 50.13% of the households containing married families with children. The county average for households married with children is 32.55%.
The median household income in Oakland, Michigan is $157,536. The median household income for the surrounding county is $86,275 compared to the national median of $69,021. The median age of people living in Oakland is 38.1 years.
Oakland Weather
The average high temperature in July is 81.5 degrees, with an average low temperature in January of 15.5 degrees. The average rainfall is approximately 32.3 inches per year, with 33.3 inches of snow per year.