258 Ortonville Rd Ortonville, MI 48462
- Day care centers
- 3,984 SF
- 0.76 lot acres
Current Use by Public Records
- Day care centers
Property Details for 258 Ortonville Rd
- Year built
- 1962
- Lot size
- 0.76 lot acres
- Property size
- 3,984 SF
- Zone code
- AI
- Property type
- Day care centers
- APN
- DO-03-18-101-006
- APU
- DO0318101006
Description
This exceptional freestanding retail property, located at 258 S. Ortonville Road in Brandon Township, Michigan, presents a unique investment opportunity. Boasting a total of 3,864 square feet of space, the entire building is currently vacant, offering immediate occupancy for a single tenant. Situated on a 0.76-acre lot, the property enjoys excellent visibility and accessibility from the busy Ortonville Road. Built in 1962, the single-story Class B building features ample parking with 12 spaces available. The property's zoning is designated as COMM, providing flexibility for a variety of retail uses. The convenient location in Oakland County, with a Brandon Township address and 48462 zip code, offers easy access to local amenities and a strong customer base. The property's address is further identified by its cross street, Ortonville South of Grange Hall. The parcel number is 0318101006. This is a rare opportunity to acquire a well-located, freestanding retail building with significant potential for growth. The property is ready for immediate development and offers a blank canvas for a discerning tenant. No elevators are present on the property.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $555,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $430,000
- 6.5%
- $460,000
- 7%
- $490,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $500,000
- Geo Method
- $505,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $410,000
- Retail
- $460,000
- Mixed-Use
- $405,000
- Hospitality
- $440,000
- Educational
- $475,000
- Residential Income
- $435,000
- Energy
- $505,000
- Income-Based Land
- $505,000
- Food Service
- $400,000
Location Insight
- Map
- Local Demand
- City
- Ortonville
- County
- Oakland
- State
- Michigan
- Longitude
- -83.4506
- Latitude
- 42.8483
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA