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Property profile & analytics
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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Comparable Approach Comparable
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Blend (final) Blend
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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
Price N/A
2018
Price N/A
2016
Price N/A
2010
Price N/A
2010
$200,000
2003
Price N/A
Zoning & alternative use
BI · Wolverine Lake, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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