Property profile

1711 Cass Lake Rd Keego Harbor, MI 48320

FOR SALE
Office buildings
Property ID
US43-5121356
2,157 SF 0.18 ac lot Built 1924
Entity Owned 12-yr Hold Absentee Owner Free & Clear
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1711 Cass Lake Rd, Keego Harbor, MI 48320 For Sale
$349,000 2,157 SF
1711 Cass Lake Rd, Keego Harbor, MI 48320
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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

Location

1711 Cass Lake Rd Keego Harbor, MI 48320
Keego Harbor metro Census 154200 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$155k

Owner & transaction history

since 2013
5 recorded transactions
2013
$150,000
2011
$47,000
2009
$64,785
2003
$400,000
1969
Price N/A

Zoning & alternative use

BI · Keego Harbor, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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