Retail-Office Building with Two
425 S Ortonville Rd Ortonville, MI 48462
For Sale
$600,000
Commercial building with 152 feet of frontage on M-15/S Ortonville Rd and 141 feet on South Street, plus on-site parking.
Property Size3,820 SF
Price / SF$157.07
Days on Market31
Property Features for 425 S Ortonville Rd
General Information
- Standard status
- Active
- Size
- 3,820 SF
Listing Agency:
Wentworth Real Estate Group
(810) 923-4297
Listed By:
Andrew Belson · License #6501370141
(810) 923-4297
Source:
Exprealty
Added: Jun 25
Changed: Jul 25
Last Checked: Jul 25 at 6:29AM
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 Wentworth Real Estate Group
Investment Insights
Based on property information with market context.
This commercial property offers a mix of retail and office adaptability in a storefront setting, totaling 3,800 square feet. The building has been used as a flower and gift shop for more than 40 years and includes updates such as two new furnaces in 2017, a new well in 2018, exterior paint in 2019, and new front windows in 2019.
The property is located on busy M-15/S Ortonville Road with additional frontage on South Street, providing prominent exposure along both corridors. The site includes ample on-site parking to support customer and employee access.
Zoned M-15 Corridor Commercial (District C), the property is positioned for multiple commercial uses, including retail, office, service-based businesses, and specialty shops, subject to applicable zoning requirements.
The property is located on busy M-15/S Ortonville Road with additional frontage on South Street, providing prominent exposure along both corridors. The site includes ample on-site parking to support customer and employee access.
Zoned M-15 Corridor Commercial (District C), the property is positioned for multiple commercial uses, including retail, office, service-based businesses, and specialty shops, subject to applicable zoning requirements.
Key Highlights
- 3,800‑SF commercial building on busy M‑15/S. Ortonville Rd with 152 ft of frontage
- Additional 141 ft of frontage on South Street for exposure from two highly traveled roads
- Zoned M‑15 Corridor Commercial (District C) for retail, office, service businesses, specialty shops, and other commercial uses
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 | $64.2k | $16.80 |
| − Vacancy | −$5.5k | −$1.43 |
| EGI | $58.7k | $15.37 |
| − OpEx | −$17.6k | −$4.61 |
| NOI | $41.1k | $10.76 |
3,820 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$587.2K
$513.8K – $685.1K
NOI $41,105 @ 7.0% cap · market cap 6.85%
Second Best
Office B
$187.9K
$164.4K – $219.2K
NOI $13,150 @ 7.0% cap · market cap 2.19%
Theoretical Best
Specialty Retail
$823.9K
$721.0K – $961.3K
NOI $57,676 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Off Market Nearby
- Willow Pointe Flowers & Gifts — 425 s ortonville rd, ortonville, mi 48462
- Kwiaciarnia internetowa - Gaja — 480 Granger Rd, Ortonville, MI 48462
- Willow Pointe of Ortonville — 425 S Ortonville Rd, Ortonville, MI 48462
FAQs
What type of property is this?
Storefront property - Commercial building with 152 feet of frontage on M-15/S Ortonville Rd and 141 feet on South Street, plus on-site parking.
Where is this storefront property located?
The property is located at 425 S Ortonville Rd Ortonville, MI.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 3,800‑SF commercial building on busy M‑15/S. Ortonville Rd with 152 ft of frontage; Additional 141 ft of frontage on South Street for exposure from two highly traveled roads; Zoned M‑15 Corridor Commercial (District C) for retail, office, service businesses, specialty shops, and other commercial uses
