Mixed-Use Income
3200 INDIANWOOD RD Lake Orion, MI 48362
3200 INDIANWOOD RD, Lake Orion, MI, 48362
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For Sale
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For sale mixed-use income property totaling 1,984 SF.
Property Size1,984 SF
Price / SF$214.21
Days on Market76
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
Listing agency
Cyrowski Real Estate, LLC
Listed by
Carl Cyrowski · License #MI 6504086493
Source
Crexi
Added: May 8 Updated: Jul 22 at 3:45PM Checked: Jul 22 at 3:45PM
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
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
Local Financial Insights For Apartment 5plus
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 | $46.2k | $23.28 |
| − Vacancy | −$1.9k | −$0.98 |
| EGI | $44.2k | $22.30 |
| − OpEx | −$19.9k | −$10.04 |
| NOI | $24.3k | $12.27 |
1,984 SF · lease $23.28/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$347.7K
$304.2K – $405.6K
NOI $24,336 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$427.9K
$374.4K – $499.3K
NOI $29,955 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Residential income properties
Similar For Sale Nearby
FAQs
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 $425,000.
What are key features of this property?
This property features: Mixed‑use income property for sale totaling 1,984 SF; Year built: 1955
