976 Pontiac TrlWalled Lake, MI 48390
- Retail properties
- 2,633 SF
Property Details for 976 Pontiac Trl
- Year built
- 1976
- Lot size
- 0.26 AC
- Property size (Sq ft)
- 2,633 SF
- Zone code
- BI
- Property type
- Retail properties
- Property subtype
- Drive through restaurants
- APN
- 92-17-34-228-001
- APU
- 921734228001
Description
This exceptional 2,633 square foot freestanding building presents a prime opportunity for a restaurant or retail business in the thriving city of Walled Lake, Michigan. Located at 976 North Pontiac Trail, this single-tenant property sits on a 0.56-acre lot in Oakland County and offers excellent visibility and accessibility. The building is fully vacant and ready for immediate occupancy. Key features include a drive-thru, ample parking, a prominent pylon sign, and attractive storefront signage. The property is well-maintained and benefits from its location in downtown Walled Lake, surrounded by a dense residential population. Its strategic position provides easy access to major roadways, being less than two miles west of M-5 and four miles north of I-96, ensuring high traffic flow and customer reach. This turnkey property is ideal for a business seeking a high-impact location with significant potential for growth. The building's existing infrastructure and prominent signage offer immediate branding opportunities. This is a rare chance to acquire a well-situated, ready-to-occupy commercial space in a desirable Michigan market. The property's size and features make it suitable for a variety of restaurant or retail concepts. The 48390 zip code offers a strong demographic profile.
Valuation
by Realmo methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $662,585
- 6.5%
- $611,617
- 7%
- $567,930
-
Comparable approach
- Method
- Valuation
- Relative Method
- $620,653
- Geo Method
- $620,653
-
Alternative Use
- Use
- Valuation
- Residential
- $515,921
- Hospitality
- $472,581
- Educational
- $393,182
- Medical
- $406,704
- Retail
- $611,617
Location Insight
- City
- Walled Lake
- County
- Oakland
- State
- Michigan
- Latitude
- 42.5405
- Longitude
- -83.4792
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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