250 Ortonville Rd ORTONVILLE, MI 48462
- Retail properties
- 39,411 SF
Current Use by Public Records
- Retail properties
Property Details for 250 Ortonville Rd
- Year built
- 1992
- Property size
- 39,411 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional 39,411 square foot vacant storefront, located at 250 N Ortonville Rd, Ortonville, MI 48462, presents a fantastic investment opportunity. The property, built in 1992, boasts a single story design and is zoned for commercial use. Currently vacant, this retail space offers a significant upside potential with its attractive asking price of $200,000, translating to a price per square foot of $7.59. The property features a gross lease with seven years remaining on the term. The high cap rate of 30% underscores the strong potential for return on investment. Previous use was a tobacco shop, complete with POS systems, computers, security, and cameras, all included in the sale price. The sale price does not include inventory. The property is privately owned and situated in Oakland County, Michigan. This is a turnkey opportunity for an investor seeking a high-return, established retail location. Please note that the property is currently vacant and the seller is highly motivated. Serious inquiries only.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- ORTONVILLE
- County
- Oakland
- State
- Michigan
- Longitude
- -83.472
- Latitude
- 42.8758
