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    FOR LEASE
    Medical Office Space

    1455 S Lapeer Rd, Lake Orion, MI 48360

    65,938 SF 5.9 ac lot Built 2005
    Individually Owned 3-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-0898698
    Property summary
    AI-generated overview

    This exceptional Class A medical office building, totaling 85,000 square feet, presents a unique investment opportunity in the thriving Lake Orion, Michigan market. Located at 1455 S Lapeer Rd, Orion Twp, MI 48360, this two-story, two-building complex boasts 22 suites, with 29,220 square feet currently available. Suite sizes range from a minimum of 539 square feet to a maximum contiguous space of 4,075 square feet, offering flexibility for various medical practices. Built in 2004 and renovated in 2023, the property features ample parking (100 spaces) and elevators for convenient access. The property sits on six acres of land and benefits from excellent visibility on South Lapeer Road (M-24), a major thoroughfare with over 36,000 vehicles daily. Its strategic location, just six miles north of I-75, provides easy access for patients and staff. The surrounding area is a robust retail hub, with over 5.4 million square feet of retail space within a five-mile radius, including major national retailers like Costco, Home Depot, and Target, and is seven miles from the 1.4 million square foot Great Lakes Crossing Mall. The property is zoned for medical use and is situated in a high-growth area with a population of 73,330 within a five-mile radius, boasting an average household income of $133,623 and 26,671 households. This prime location and modern amenities make this property an ideal choice for medical professionals seeking a high-profile presence in a thriving community. Oakland County zoning ensures a stable and supportive environment for medical businesses.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 2005
    Total area 65,938 SF
    Lot 5.9 ac (257,004 SF)
    Zoning code BI
    APN O -09-14-251-019
    UPID US43-0898698
    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
    • Corewell Health Beaumont Troy Hospital Nuclear Medicine - Lake Orion Medical Clinic
    • Corewell Health Beaumont Troy Hospital Heart & Vascular Assessment - Lake Orion Medical Clinic
    • Momin Center Medical Clinic
    • Bald Mountain Behavioral Medicine Psychotherapist Counselor
    • Dr. John Kitzmiller Pediatrician Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $11.67M
    Blend (final) Blend
    $9.53M
    Owner & transaction history
    Lincoln National Life Insurance Com · 3 yrs held
    Lincoln National Life Insurance Com
    since 2023
    4 recorded transactions
    2023
    2022
    2019
    2017
    $14.2M
    Zoning & alternative use
    BI · Lake Orion, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $11.6M +11.6%
    Restaurant $11.4M +9.7%
    Retail stores $11.1M +6.9%
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    More about this property
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