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    35 Broadway St Orion Township, MI 48362

    For Sale
    $399,000

    Rare 0.08-acre lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 0.08-acre commercial land parcel is situated in the heart of downtown Lake Orion, Michigan, at 35 N. Broadway St (APN 09-02-476-010). Zoned Downtown Center, this property offers significant development potential, allowing for structures up to four stories (52 feet) in height. Mixed-use development, including residential units on upper floors, is permitted under the existing zoning. The asking price is $399,000, representing a price reduction from the original listing. This highly desirable location benefits from a pedestrian-friendly environment and ample village parking, ensuring convenient access for businesses and residents. The property's strategic placement between established businesses like Fork and Pint Restaurant and Motor City Granite provides excellent visibility and proximity to thriving local establishments such as Sagebrush Cantina, Anita's Kitchen, Johnny Blacks, and Wine Social. This presents a unique opportunity for investors and developers seeking a prime location in a vibrant and growing community. The property's size and zoning regulations make it ideal for a variety of commercial ventures. Don't miss this chance to acquire a piece of Lake Orion's thriving downtown.

    Property Features for 35 Broadway St

    General Information

    Property type
    Land
    Lot Size
    3,485 SF

    HighLights

    • Rare 0.08‑acre vacant lot in downtown Lake Orion; price reduced to $399,000.
    • Downtown Center zoning allows for up to four stories (52 feet).
    • Mixed‑use development permitted, including residential units on upper floors.
    • Pedestrian‑friendly location with ample village parking.
    • Excellent visibility; near Sagebrush Cantina, Anita's Kitchen, Johnny Blacks, and Wine Social.
    • Situated between Fork & Pint Restaurant and Motor City Granite.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cordell's Piano Services Piano Tuning Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Orion Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2400407
    Latitude
    42.7851915

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    FAQs

    What type of property is this?
    Land - Rare 0.08-acre lot, prime location.
    Where is this land located?
    The property is located at 35 Broadway St Orion Township, 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: Rare 0.08-acre vacant lot in downtown Lake Orion; price reduced to $399,000.; Downtown Center zoning allows for up to four stories (52 feet).; Mixed-use development permitted, including residential units on upper floors.
    (248) 848-1292
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    35 Broadway St Orion Township, MI 48362
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    Orion Township, MI 48362
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    35 Broadway St Orion Township, MI 48362
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