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    FOR SALE
    Retail space

    1655 Glengary Rd, Walled Lake, MI 48390

    2,464 SF 0.88 ac lot Built 1980
    Entity Owned 6-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-0416062
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1980
    Total area 2,464 SF
    Lot 0.88 ac (38,333 SF)
    Zoning code BI
    APN EW-17-21-426-003
    UPID US43-0416062
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Owner & transaction history
    Three Diamonds Group LLC · 6 yrs held
    Three Diamonds Group LLC
    since 2019
    7 recorded transactions
    2019
    $110,000
    2019
    2018
    2016
    2010
    2010
    $200,000
    2003
    Zoning & alternative use
    BI · Wolverine Lake, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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