1580 Ortonville Rd, Ortonville, MI 48462
This exceptional 7.83-acre commercial and residentially-zoned land parcel presents a remarkable development opportunity in Oakland County, Michigan. Boasting 658 feet of frontage on M15 and 828 feet on Ray Road, this high-visibility corner lot offers unparalleled exposure. The property's rolling hills allow for a "walk-out" building design, maximizing usability and aesthetics. Existing improvements include a pavilion, pole barn, and pond. The site is ideally suited for a variety of uses, including senior living facilities, churches, medical offices, or other commercial ventures. With a 2020 SEMCOG traffic count of 13,600 AADT on M15, this location guarantees significant traffic flow. The surrounding area boasts a strong economic foundation, with a median household income of $101,862 and a median home value of $299,100 (2018-2022 data). Groveland Township, part of the affluent Oakland County—one of the wealthiest in the US—provides a thriving community with 2,408 households (2018-2022 data). Dual entrances from M15 and Ray Road ensure convenient access and ample parking. The property's tax ID is 02-01-126-024, located in T5N, R8E, SEC 1 PART OF NW 1/4. Legal description: BEG AT PT DIST W 1417.57 FT FROM N 1/4 COR, TH S 00-49-00 W 416.61 FT, TH S 88-32-20 W 157.56 FT, TH S 45-49-43 W 159.10 FT, TH S 88-32-20 W 156 FT, TH S 61-42-31 W 94.21 FT, TH ALG CURVE TO LEFT, RAD 11492.20 FT, CHORD BEARS N 27-57-12 W 130.21 FT, DIST OF 130.21 FT, TH N 28-16-37 W 528.05 FT, TH E 827.67 FT TO BEG 7.83 A 6-5-07 FR 020 & 021. Asking price: $750,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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