Retail Storefront with Two-Street
S 425 S Ortonville Road Unit SourceFi Ortonville, MI 48462
S 425 S Ortonville Road Unit SourceFi, Ortonville, MI, 48462
$600,000
For Sale
$600,000
Retail storefront with 152 feet on M-15/S Ortonville Road plus 141 feet on South Street and ample on-site parking.
Property Size3,740 SF
Price / SF$160.43
Days on Market28
Property Features for S 425 S Ortonville Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 3,740 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 18
Listing agency
Wentworth Real Estate Group
(810) 955-6600
Listed by
Andrew Belson · License #6501370141
Source
Xome
Added: Jun 25 Updated: Jul 21 at 7:41PM Checked: Jul 21 at 7:41PM
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 retail storefront is for sale and was formerly used as a flower and gift shop. The property includes approximately 3,800 square feet of commercial space and features frontage on two roads, supporting strong visibility for retail and other storefront-style operations. Updates reported include two new furnaces installed in 2017, a new well in 2018, exterior paint in 2019, and new front windows in 2019.
The building fronts M-15/S Ortonville Road with 152 feet and also has 141 feet of frontage on South Street, providing exposure from two highly traveled roads. Ample on-site parking is available for customers and employees.
Zoned M-15 Corridor Commercial (District C), the property offers flexibility for retail, office, service-based businesses, specialty shops, or other commercial ventures consistent with that zoning district.
The building fronts M-15/S Ortonville Road with 152 feet and also has 141 feet of frontage on South Street, providing exposure from two highly traveled roads. Ample on-site parking is available for customers and employees.
Zoned M-15 Corridor Commercial (District C), the property offers flexibility for retail, office, service-based businesses, specialty shops, or other commercial ventures consistent with that zoning district.
Key Highlights
- 3,800‑SF commercial property on busy M‑15/S. Ortonville Road with retail storefront history.
- 152 ft of frontage on M‑15/S. Ortonville Road plus 141 ft frontage on South Street.
- M‑15 Corridor Commercial (District C) zoning for retail, office, service, specialty shops, and other commercial uses.
Local 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 | $62.8k | $16.80 |
| − Vacancy | −$5.3k | −$1.43 |
| EGI | $57.5k | $15.37 |
| − OpEx | −$17.2k | −$4.61 |
| NOI | $40.2k | $10.76 |
3,740 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$574.9K
$503.1K – $670.7K
NOI $40,244 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$806.7K
$705.9K – $941.1K
NOI $56,468 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail storefront with 152 feet on M-15/S Ortonville Road plus 141 feet on South Street and ample on-site parking.
Where is this retail space located?
The property is located at S 425 S Ortonville Road Unit SourceFi 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 property on busy M‑15/S. Ortonville Road with retail storefront history.; 152 ft of frontage on M‑15/S. Ortonville Road plus 141 ft frontage on South Street.; M‑15 Corridor Commercial (District C) zoning for retail, office, service, specialty shops, and other commercial uses.
