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    FOR LEASE
    Office buildings

    1111 W Oakley Park Rd, Walled Lake, MI 48390

    12,184 SF 0.42 ac lot Built 1946
    Entity Owned 22-yr Hold Free & Clear
    Property ID
    US43-1374266
    Property summary
    AI-generated overview

    This exceptional opportunity presents three available creative office suites totaling 1,592 square feet of vacant space within a well-maintained two-story building situated in the desirable northern Commerce Township. The building boasts a total of 12,184 square feet and offers a tranquil setting while maintaining convenient access to major freeways, including M-5 and other western routes. Suites 102 and 103 provide stunning views of Commerce Lake, enhanced by abundant natural light from numerous windows. Each suite offers a minimum of 364 square feet and a maximum contiguous space of 643 square feet, catering to various business needs. The building is zoned BI (Business Improved) within Oakland County's Central I-96 Corridor submarket. Suites 102, 103, and 104 share two convenient bathrooms. The building features one elevator for easy access to both floors. This property is ideal for businesses seeking a blend of serene surroundings and excellent freeway accessibility. The multiple tenancy structure allows for flexibility and potential for growth. Don't miss this chance to secure your ideal workspace in this sought-after location.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1946
    Total area 12,184 SF
    Lot 0.42 ac (18,295 SF)
    Zoning code BI
    APN E -17-22-104-041
    UPID US43-1374266
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Isalis (Bike/Boat/Book/etc) Store
    • Party City Party Supply Store (Bike/Boat/Book/etc) Store
    • Skunk Funk Big Box & Wholesale Store
    • Carl's Trading Co Hat Shop
    • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.51M
    Blend (final) Blend
    $1.51M
    Owner & transaction history
    Commerce Center LLC · 22 yrs held
    Commerce Center LLC
    since 2004
    3 recorded transactions
    2004
    2002
    1969
    Zoning & alternative use
    BI · Commerce Township, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $2.1M +13.3%
    Restaurant $2.1M +11.4%
    Retail stores $2.1M +8.6%
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    More about this property
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