Listing Agency: Friedman Integrated Real Estate - Corporate Show Phone

Listed By: Larry Schultz Show Phone

Source: Moodyscre

Added: Jan 22, 2024 Changed: Oct 6 Last Checked: Oct 5 at 7:10PM

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Investment Insights

Based on property information with market context.

Vacant commercial land parcel in downtown Lake Orion, zoned Downtown Center. The zoning supports mixed use with upstairs residential approved, with development potential of up to four stories (52 feet max).

The lot is described as located between Fork and Pint restaurant and Motor City Granite, in a pedestrian-friendly downtown area with ample village parking lots nearby. The surrounding area includes local businesses such as Sagebrush Cantina, Anita's Kitchen, Johnny Blacks, and Wine Social.

With the Downtown Center framework allowing multi-story construction and residential use above, this site is positioned for projects that combine street-level uses with residential space.

Key Highlights

• Downtown Center zoning with up to four stories possible (52 feet max)
• Mixed‑use development with upstairs residential approved
• Vacant lot in downtown Lake Orion

Property Analytics

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Current Use

Cordell's Piano Services Piano Tuning Service

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Garden Center Computer & Electronic Repair

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

Location Intelligence

Trade Area within ½ mile

643

Businesses Nearby

Explore this area 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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What type of property is this? Where is this commercial land 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?

Commercial land - Vacant downtown lot zoned Downtown Center, with mixed-use development and allowance for up to four stories.

Where is this commercial land located?

The property is located at 35 N Broadway St Orion Twp, MI.

What is the asking price?

The asking price for this property is $399,000.

What are key features of this property?

This property features: Downtown Center zoning with up to four stories possible (52 feet max); Mixed‑use development with upstairs residential approved; Vacant lot in downtown Lake Orion