1655 Glengary Rd, Walled Lake, MI 48390
For Sale
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This freestanding retail building, located at 1655 Glengary Rd in Commerce Charter Township, Michigan, 48390, presents a fantastic investment opportunity. The 2,464 square foot building sits on a 0.88-acre lot and is zoned C-1 Local Business District, allowing for a variety of uses. Potential tenants could include daycares, hardware stores, bakeries, hair salons, or medical/general offices. The property boasts abundant parking, significantly enhanced by a full parking lot replacement completed in 2023. A highly visible monument sign ensures excellent street presence. Further enhancing the property's value is a full basement, offering additional storage or potential for expansion. The asking price is $399,000, translating to $161.93 per square foot. This prime location in Oakland County offers exceptional visibility and accessibility, making it an ideal investment for a savvy entrepreneur or investor seeking a versatile and well-maintained commercial property.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BI · Wolverine Lake, MIWolverine Lake. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.