Listing Agency: CBRE - Detroit

Listed By: Jack Johns · License #MI 6501262571

Source: Crexi

Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 4:05PM

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Investment Insights

Based on property information with market context.

Located at 120 S Broadway in Lake Orion, Michigan, this newly built mixed-use property combines 24 apartment units with 5,000 SF of retail space. The residential and commercial components create a single asset with both apartment and retail uses.

The property is tax-exempt through December 2028.

Key Highlights

• 24 apartment units
• 5,000 SF of retail space
• Newly built mixed‑use property

Property Analytics

Property Profile

Current Use

Lo's Beauty Bar ... Spa & Massage Center Simply Marcella in Lake ... Clothing & Fashion Store The Peardon Team Real Estate Agency Boutique Chic (Bike/Boat/Book/etc) Store Bitter Tom's Distillery Restaurant

Suggested Use

Top Pick Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop HVAC Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

24

Residential units

Location Intelligence

Trade Area within ½ mile

611

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - New construction includes apartment units and retail space.

Where is this mixed-use property located?

The property is located at 120 S Broadway Lake Orion, MI.

What are key features of this property?

This property features: 24 apartment units; 5,000 SF of retail space; Newly built mixed‑use property