Freestanding Retail Building in
595 Orchard Lake Rd Pontiac, MI 48341
For Sale
$150,000
Versatile 1,224 SF retail building on 0.09 acres.
Property Size1,224 SF
Lot Size0.09 Acres
Price / SF$122.55
Days on Market95
Property Features for 595 Orchard Lake Rd
General Information
- Standard status
- Active
- Size
- 1,224 SF
- Lot size
- 0.09 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing Agency:
EXP Realty Birmingham
(248) 686-0024
Listed By:
Paul Mychalowych · License #6506042081
(248) 686-0024
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 27 at 3:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty Birmingham
Investment Insights
Based on property information with market context.
This freestanding commercial property is located in Pontiac, offering visibility and access on Orchard Lake Road. The 1,224 square foot retail building is situated on a 0.09 acre corner lot with frontage on Orchard Lake Road and Thomas Lane. The property is suitable for retail, service-oriented businesses, office space, or owner occupancy. It features tenant-controlled HVAC, on-site parking, storage space, and signage exposure to local traffic. Located in a commercial corridor, the site benefits from daytime and commuter traffic, proximity to retail and business nodes, and access to major roadways. The property is suited for an owner-operator or investor seeking a compact, high-visibility retail footprint. The bike score is 40, indicating it is somewhat bikeable, and the walk score is 52, indicating it is somewhat walkable.
Key Highlights
- Prime freestanding commercial property with excellent visibility on Orchard Lake Road
- Versatile 1,224 sq ft building suitable for retail, service, office, or owner occupancy
- High‑traffic location in a busy commercial corridor with strong daytime and commuter traffic
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.6k | $16.80 |
| − Vacancy | −$1.7k | −$1.43 |
| EGI | $18.8k | $15.37 |
| − OpEx | −$5.6k | −$4.61 |
| NOI | $13.2k | $10.76 |
1,224 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$188.2K
$164.6K – $219.5K
NOI $13,171 @ 7.0% cap · market cap 8.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$264.0K
$231.0K – $308.0K
NOI $18,480 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Off Market Nearby
- Thrifty Florist — 211 S Telegraph Rd, Pontiac, MI 48341
FAQs
What type of property is this?
Storefront property - Versatile 1,224 SF retail building on 0.09 acres.
Where is this storefront property located?
The property is located at 595 Orchard Lake Rd Pontiac, MI.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Prime freestanding commercial property with excellent visibility on Orchard Lake Road; Versatile 1,224 sq ft building suitable for retail, service, office, or owner occupancy; High‑traffic location in a busy commercial corridor with strong daytime and commuter traffic
