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14200 W 8 Mile Rd
Oak Park, MI 48237
Oak Pointe - Vacant Land · Land For Sale · 7.71 AC

Investment Highlights

  • Large parcel

Executive Summary

Step into the dynamic and steadily evolving community surrounding Oak Pointe Terrace in Oak Park, Michigan—an infill location that uniquely bridges the energy of Detroit with the stability of Oakland County. Positioned along the highly trafficked 8 Mile corridor, this site offers immediate access to major regional arteries including I-696, Woodward Avenue, and Southfield Freeway, providing seamless connectivity to Downtown Detroit, Royal Oak, Southfield, and Birmingham.
The surrounding area is anchored by a strong employment base, with proximity to major business districts such as Southfield’s office corridor and the growing medical and institutional presence along Woodward. This accessibility supports a deep and diverse renter pool, including young professionals, healthcare workers, and workforce households seeking quality housing with suburban convenience and urban proximity.
Oak Pointe Terrace is further enhanced by its access to a wide range of retail, dining, and lifestyle amenities. Residents benefit from nearby national retailers, local restaurants, and everyday conveniences along Greenfield Road, Coolidge Highway, and 8 Mile, while also being minutes from the cultural and entertainment hubs of Downtown Royal Oak, Ferndale, and Detroit’s Midtown.
From a development perspective, the site sits within a corridor experiencing continued reinvestment and housing demand, yet remains under-supplied with newer, high-quality rental product—particularly townhome-style units with private entries and attached garages. This creates a compelling opportunity to deliver a differentiated product that meets current market demand while positioning for long-term appreciation.
With its strategic location, strong connectivity, and proximity to both employment and lifestyle drivers, Oak Pointe Terrace presents a highly attractive opportunity for multifamily development. The project is well-positioned to capitalize on the ongoing growth of the broader Detroit metropolitan area while offering residents a modern, community-oriented living experience in one of the region’s most accessible and evolving submarkets.

Property Facts

Sale Type Investment
No. Lots 2
Property Type Land
Property Subtype Commercial
Proposed Use
Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Dorms
  • Apartment Units - Senior
  • Apartment Units - Subsidized
  • Single Family Development
Total Lot Size 7.71 AC
Opportunity Zone Yes
Zoning RM-2

2 Lots Available

Lot

Lot Size 2.40 AC

Introducing a prime 2.40 acre site in Oak Park, zoned RM-2 for multifamily development. This strategically located property offers scale, flexibility, and strong potential for investors seeking to deliver high-quality housing in a growing market.

Lot

Lot Size 5.31 AC

Introducing a prime 5.31 acre site in Oak Park, zoned RM-2 for multifamily development. This strategically located property offers scale, flexibility, and strong potential for investors seeking to deliver high-quality housing in a growing market.

Description

Introducing a prime investment opportunity in the Oak Park area: This property is zoned RM-2, offering a desirable prospect for multifamily development. Situated in a strategic location, this property presents a compelling opportunity for investors seeking to capitalize on its favorable zoning and potential for multifamily development. With its versatile zoning and excellent positioning within the Oak Park area, this property is poised to meet the dynamic needs of multifamily investors looking to create a valuable and sustainable development in this thriving community. Zoned RM-2 Strategic location Ideal for multifamily development Prime investment opportunity Favorable zoning Versatile development potential Desirable prospect for investors Excellent positioning in Oak Park area

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 25-31-451-023
  • 25-31-451-022
Land Assessment
$610,746 CAD
Improvements Assessment
$0 CAD
Total Assessment
$610,746 CAD
  • Listing ID: 40136070

  • Date on Market: 2026-04-13

  • Last Updated:

  • Address: 14200 W 8 Mile Rd, Oak Park, MI 48237

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