Miller Green Apartments

15301-15475 Miller St. Oak Park, MI 48237

15301-15475 Miller St., Oak Park, MI, 48237
15301-15475 Miller St., Oak Park, MI, 48237
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$1,664,637
Last Verified:
Nov 19, 2024

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Description

Introducing an exceptional investment opportunity in Oak Park, MI. This impressive property features a 19,288 SF building with 17 units, offering ample space for office or office building use. Built in 1954, it exudes classic charm while presenting opportunities for modern updates. Zoned RM-1, this versatile property allows for flexible usage options to suit various business needs. With a strategic location in the thriving Oak Park area, tenants will benefit from the convenience of nearby amenities and transportation options. Don't miss this chance to invest in a well-positioned property with significant potential for a wide range of office-oriented ventures.

Discover the community of Oak Park, MI. Situated in a prime location, the area offers easy access to major highways and public transportation, making commuting easy for tenants and employees. Enjoy a range of dining options and retail destinations, such as the nearby Lincoln Shopping Center and the bustling downtown area. With a variety of recreational parks and green spaces, the area provides a welcoming environment for professionals and visitors alike. Explore the rich cultural scene, including the Detroit Institute of Arts and the historic Motown Museum, just a short distance away. This dynamic location presents an exciting opportunity for an Office Building investor seeking a thriving and accessible business environment.


Year Built: 1954
Building Size: 19288sq ft
Building Class: C
Lot Size: 0 acres

Map of 15301-15475 Miller St., Oak Park, MI, 48237

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.