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    2267 Orchard Lake Rd Sylvan Lake, MI 48320

    Sponsored
    For Sale
    $399,000

    Prime Orchard Lake Rd location. Owner-user opportunity.

    Property size:
    2,573 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2,573-square-foot retail building, situated on a 0.23-acre lot at 2267 Orchard Lake Road in Sylvan Lake, Michigan, presents a compelling investment opportunity. Built in 1957, this single-story structure boasts a B-3 zoning designation and offers significant potential for owner-users or new businesses. The property includes 10 parking spaces and prominent building signage opportunities, enhancing visibility and accessibility. Currently configured as a dry cleaner, some equipment will remain. The building is available for sale at $399,000 ($155.07 per square foot) and is projected to be vacant in January 2025. The high-traffic location on Orchard Lake Road in Oakland County, with its zip code 48320, ensures excellent exposure. Prospective buyers should note that contacting the current tenant is discouraged. This property is ideal for redevelopment or as a turnkey operation, offering a rare chance to establish a thriving business in a desirable Michigan location. The building's single-unit layout and convenient parking make it an attractive option for a variety of commercial uses.

    Property Features for 2267 Orchard Lake Rd

    General Information

    Property type
    Investment properties
    Square Feet
    2,573 SF
    Lot Size
    10,019 SF

    Building Details

    Year Built
    1957
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 2,573 SF available for sale or lease.
    • Free‑standing dry cleaner building on high‑traffic Orchard Lake Road.
    • Excellent owner‑user, investment, or redevelopment opportunity.
    • Ample parking with 10 spaces.
    • Building signage permitted.
    • Contact broker for showing information.
    Property Profile Location Intelligence

    Current Use by Public Records

    Martinizing Cleaners Dry Cleaner

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Sylvan Lake
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3276887
    Latitude
    42.6114527

    Nearby Comparable

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      Keego Harbor Freestanding Building

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      Keego Harbor Specialty Property

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      Pontiac Warehouse: $365,000

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    FAQs

    What type of property is this?
    Investment property - Prime Orchard Lake Rd location. Owner-user opportunity.
    Where is this investment property located?
    The property is located at 2267 Orchard Lake Rd Sylvan Lake, 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: 2,573 SF available for sale or lease.; Free-standing dry cleaner building on high-traffic Orchard Lake Road.; Excellent owner-user, investment, or redevelopment opportunity.
    Request Owner's contact information
    2267 Orchard Lake Rd Sylvan Lake, MI 48320
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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
    2267 Orchard Lake Rd Sylvan Lake, MI 48320
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