Property profile

440 S Ortonville Rd Ortonville, MI 48462

FOR SALE
Retail space
Property ID
US43-1532362
1,672 SF 0.69 ac lot Built 1995
Individually Owned Absentee Owner Free & Clear
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440 S Ortonville Rd, Ortonville, MI 48462 For Sale
$240,000 1,672 SF
440 S Ortonville Rd, Ortonville, MI 48462
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Property summary

AI-generated overview

This exceptional investment opportunity in Ortonville, MI, presents two buildings totaling three units on a 0.69-acre lot situated on M-15. The property includes a residential unit and a commercial building with two additional units, offering diverse income potential. The combined square footage is 1,200 square feet. The expansive 0.69-acre lot provides ample space for potential parking expansion or development of additional stabilized areas. The property's strategic location on M-15 makes it highly visible and accessible, ideal for a variety of commercial ventures, such as a coffee shop or similar businesses. The property consists of multiple parcel IDs. Prior uses did not involve on-site laundry operations, eliminating any concerns regarding contaminants or cleaning agents. Showings are strictly by appointment only. Please refrain from contacting tenants directly. All inquiries must be directed through the appropriate channels. This property offers a unique blend of residential and commercial space, presenting a compelling investment opportunity with significant upside potential. The existing structures provide immediate income generation, while the ample land offers room for future expansion and development. This is a rare chance to acquire a well-located, versatile property in a growing area.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1995
Total area 1,672 SF
Lot 0.69 ac (30,056 SF)
Zoning code AI
APN DO-03-18-152-002
UPID US43-1532362

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Building Supply Hardware & Home Improvement

Location

440 S Ortonville Rd Ortonville, MI 48462
Ortonville metro Census 122900 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$360k

Owner & transaction history

Zoning & alternative use

AI · Ortonville, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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