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    OFF-MARKET
    Office buildings

    1711 Cass Lk Rd, Keego Harbor, MI 48320-1047

    2,157 SF 0.18 ac lot Built 1924
    Entity Owned 12-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-5121356
    Property summary
    AI-generated overview

    This exceptional 2,157 square foot creative office building, located at 1711 Cass Lake Road in Keego Harbor, Michigan, presents a unique owner-user or investment opportunity. Built in 1924, this single-building property sits on a 0.18-acre lot and boasts stunning views of Cass Lake. The building features a two-story design plus a basement unit with private access, offering flexibility for various uses. The property is currently vacant, providing immediate occupancy for an owner-user or the chance to lease to tenants for passive income generation. The C-1 zoning allows for a range of commercial uses, making it ideal for businesses such as law firms, insurance offices, or financial services companies. Twelve exclusive parking spaces are included, providing ample parking for employees and clients. The building benefits from separately metered electric service, simplifying potential subdivision for multiple tenants. Its convenient location offers easy access to major roadways including Orchard Lake Road (less than a quarter mile away), Telegraph Road, M-59, and I-75, ensuring excellent accessibility for employees and clients. The asking price for this prime commercial property is $388,000. This is a rare opportunity to acquire a well-located, versatile office building with significant potential.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1924
    Total area 2,157 SF
    Lot 0.18 ac (7,841 SF)
    Zoning code BI
    APN 36-18-02-232-007
    UPID US43-5121356
    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
    Cnb Properbes LLC · 12 yrs held
    Cnb Properbes LLC
    since 2013
    5 recorded transactions
    2013
    $150,000
    2011
    $47,000
    2009
    $64,785
    2003
    $400,000
    1969
    Zoning & alternative use
    BI · Keego Harbor, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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