3232 Orch Lk RdOrchard Lake Village, MI 48324

Property Details for 3232 Orch Lk Rd

Year built

1963

Lot size

7.12 AC

Property size (Sq ft)

52,454 SF

Zone code

ZONE 6

Property type

Retail properties

Property subtype

Super regional malls

APN

56-18-02-451-017

APU

561802451017

Description

This exceptional retail opportunity is located at 3232 Orchard Lake Road in the vibrant Orchard Lake Village, West Bloomfield Township, Oakland County, Michigan, 48324. The property, known as Orchard Lake Commons, offers a total of 51,012 square feet of retail space within a multi-tenant building. Currently, there are two suites available, providing flexible space options for prospective tenants. The minimum divisible space is 1,335 square feet, while the maximum contiguous space available is 2,500 square feet. A total of 3,835 square feet is currently vacant and ready for immediate occupancy. This prime location offers excellent visibility and accessibility, making it an ideal space for a variety of retail businesses. The property is situated in Oakland County, a thriving area with a strong local economy and high consumer traffic. This presents a unique chance to establish or expand your retail presence in a desirable and high-traffic location. The property's address is easily accessible and benefits from ample parking. Serious inquiries are encouraged to explore this exceptional retail leasing opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $13,199,854

  6.5%

  $12,184,480

  7%

  $11,314,160

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,364,499

  Geo Method

  $12,364,499

• Alternative Use

  Use

  Valuation

  Residential

  $10,278,065

  Hospitality

  $9,414,652

  Educational

  $7,832,880

  Medical

  $8,102,265

  Retail

  $12,184,480

Location Insight

City

Orchard Lake

County

Oakland

State

Michigan

Latitude

42.603

Longitude

-83.3499

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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