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Property profile & analytics
OFF-MARKET
Super regional malls

2474 Orch Lk Rd Sylvan Lake, MI 48320-1532

6,376 SF 0.49 ac lot Built 1966
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US43-0250925
Property summary
AI-generated overview

This exceptional retail property, located at 2474 Orchard Lake Rd in Sylvan Lake, Michigan, presents a lucrative investment opportunity. Boasting 2,600 square feet of space, this property is situated on a 0.49-acre lot and was constructed in 1966. The asking price is $1,100,000, translating to a price per square foot of $423.08. The property offers ample parking, with a ratio of 4.6 spaces per 1,000 square feet, ensuring convenient access for customers. Its prime location in Sylvan Lake, within Oakland County, and its easily accessible address on Orchard Lake Rd (zip code 48320) provide excellent visibility and high traffic potential. The property's 2,600 square feet provide ample space for a variety of retail businesses. This is a rare opportunity to acquire a well-established retail space in a thriving Michigan community. The property's size and location make it ideal for a range of retail ventures, offering significant potential for growth and return on investment. Serious inquiries are encouraged to explore this exceptional opportunity further. The property is currently listed for sale.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1966
Total area 6,376 SF
Lot 0.49 ac (21,344 SF)
Zoning code BI
APN 84-18-01-184-011
UPID US43-0250925
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
Current use
Occupant on record · Public records
  • MP Fashion (Bike/Boat/Book/etc) Store
  • Total Performance Physical Therapy Physician
  • The Shy Shop Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Phase Three Properties LLC · 3 yrs held
Phase Three Properties LLC
since 2023
2 recorded transactions
2023
Price N/A
2022
Price N/A
Zoning & alternative use
BI · Sylvan Lake, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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