Property profile

1881 Pontiac Trl Walled Lake, MI 48390

OFF-MARKET
Medical Office Space
Property ID
US43-0156133
4,163 SF 2.38 ac lot Built 1984
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 4,200 square foot medical office building, located at 1881 N Pontiac Trail in Walled Lake, Michigan, presents a unique owner-user opportunity. Built in 1984 and extensively renovated in 2012, this single-story Class C building sits on a 1.24-acre lot and offers ample parking with 21 spaces. The property is zoned for general office use and features three fully built-out dental suites and one chiropractic suite, each equipped with four exam rooms and individual water and electric meters. The asking price is $560,000, translating to $133.33 per square foot. Its convenient location just west of M-5 on Pontiac Trail in Oakland County (APN 17-26-251-061) provides excellent visibility and accessibility. This turnkey medical facility is ideal for an established practice seeking to expand or a group of medical professionals looking for a collaborative space. The property's strong existing tenant base and recent renovations make it a sound investment with significant potential for future growth. The building's layout and amenities are designed to optimize workflow and patient comfort. Don't miss this chance to acquire a well-maintained and highly functional medical office building in a desirable location.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1984
Total area 4,163 SF
Lot 2.38 ac (103,673 SF)
Zoning code BI
APN 92-17-26-251-017
UPID US43-0156133

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Alternative Medicine Practice
  • Dental Office
  • Alternative Medicine Practice

Location

1881 Pontiac Trl Walled Lake, MI 48390-3101
Walled Lake metro Census 134700 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$630k
Blend (final) Blend
$605k

Owner & transaction history

since 2022
Last sale
$570,000
4 recorded transactions
2022
Price N/A
2012
Price N/A
2011
Price N/A
1999
$570,000

Zoning & alternative use

BI · Walled Lake, MI
Top alternative use upside
Commercial (general) $735,000 +11.6%
Retail stores $705,000 +6.9%

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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