Property summary
This exceptional 3,700 square foot Class B office building, situated on a 0.6-acre lot in Sylvan Lake, Michigan, presents a unique owner-user investment opportunity. Built in 1960 and extensively renovated in 2022, the single-story building boasts four private offices, a conference room with kitchenette and custom cabinetry, a granite conference table, and a dedicated game room. Additional storage space is available, and there's room for expansion to add more offices. The property features a professionally landscaped yard with mature red maple trees and a private backyard, providing a tranquil and attractive setting. Ample parking is ensured with 25 spaces on-site. Conveniently located less than a mile from Telegraph Road, with easy access to I-75, this property offers excellent accessibility to surrounding communities including Bloomfield Hills, Bloomfield Township, Birmingham, and Pontiac. The building is zoned for commercial use and is currently configured as a creative/executive office space, but its adaptable layout makes it suitable for conversion to a medical office. The lease commencement date is January 1, 2025. The asking price is $900,000. This is a multi-tenant building with one unit.
Property profile
VerifiedCap rate & NOI
Current use
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Property Management Company General Contractor
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Corporate Office Financial Advisor
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Real Estate Agency
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Real Estate Agency
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
BI · Sylvan Lake, MIZoning
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Zoning designation
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- Property Ownership
- Basic report summary
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- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning