Mixed-Use Income
For Sale
Contact for pricing
3200 INDIANWOOD RD, Lake Orion, MI 48362
For sale mixed-use income property totaling 1,984 SF.
Property Size1,984 SF
Price / SF$210.43
Days on Market178
Property Features for 3200 INDIANWOOD RD
General Information
Standard status
Active
Size
1,984 SF
Property subtype
Multifamily, Mixed Use
Building Details
Year Built
1955
Stories
2
Units
1
Tenancy
Single
Listing Agency:
Cyrowski Real Estate, LLC
Listed By:
Carl Cyrowski · License #MI 6504086493
Source:
Crexi
Added: May 8
Changed: Oct 26
Last Checked: Oct 30 at 12:15PM
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 Cyrowski Real Estate, LLC
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Investment Insights
Based on property information with market context.
This for-sale mixed-use income property is listed at 1,984 SF and falls under residential income property classification. The offering is presented as a mixed-use asset, supported by the published remarks.
The property is located at 3200 Indianwood Rd, Lake Orion, MI. Additional details regarding unit configuration, specific uses, and condition were not provided in the available information.
The property is located at 3200 Indianwood Rd, Lake Orion, MI. Additional details regarding unit configuration, specific uses, and condition were not provided in the available information.
Key Highlights
- Mixed‑use income property for sale totaling 1,984 SF
- Year built: 1955
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,336
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,720
$486.7K
Cap Rate 7%
$347,657
$347.7K
Cap Rate 9%
$270,400
$270.4K
Market Conditions
NOI Build-Up for 1,984 SF
Gross rent
$46.2K $23.28/SF
− Vacancy
−$1.9K −$0.98/SF
EGI
$44.2K $22.30/SF
− OpEx
−$19.9K −$10.04/SF
NOI
$24.3K $12.27/SF
Area
Oakland County, MI
Vacancy
4.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,720
Cap Rate 7%
$347,657
Cap Rate 9%
$270,400
Alternative Uses
Best Use
Apartment 5plus
$347.7K
$304.2K – $405.6K
NOI $24,336 @ 7.0% cap · market cap 5.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$427.9K
$374.4K – $499.3K
NOI $29,955 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
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Business Placement
Demographics for 48362, MI
15,001
Population
6,428
Households
2.3
Avg Household Size
42
Median Age
44%
College-Educated
98%
High-School Grad
10.1 sq mi
ZIP Area
1,485
Density / Sq Mi
$108,667
Median Household Income
$51,826
Median Earnings
$1,095
Median Rent
$313,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - For sale mixed-use income property totaling 1,984 SF.
Where is this residential income property located?
The property is located at 3200 INDIANWOOD RD Lake Orion, MI.
What is the asking price?
The asking price for this property is $417,500.
What are key features of this property?
This property features: Mixed‑use income property for sale totaling 1,984 SF; Year built: 1955
