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    OFF-MARKET
    Retail space

    440 Ortonville Rd, Ortonville, MI 48462-8871

    1,672 SF 0.69 ac lot Built 1995
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US43-1532362
    Property summary
    AI-generated overview

    This exceptional investment opportunity in Ortonville, MI, presents two buildings totaling three units on a 0.69-acre lot situated on M-15. The property includes a residential unit and a commercial building with two additional units, offering diverse income potential. The combined square footage is 1,200 square feet. The expansive 0.69-acre lot provides ample space for potential parking expansion or development of additional stabilized areas. The property's strategic location on M-15 makes it highly visible and accessible, ideal for a variety of commercial ventures, such as a coffee shop or similar businesses. The property consists of multiple parcel IDs. Prior uses did not involve on-site laundry operations, eliminating any concerns regarding contaminants or cleaning agents. Showings are strictly by appointment only. Please refrain from contacting tenants directly. All inquiries must be directed through the appropriate channels. This property offers a unique blend of residential and commercial space, presenting a compelling investment opportunity with significant upside potential. The existing structures provide immediate income generation, while the ample land offers room for future expansion and development. This is a rare chance to acquire a well-located, versatile property in a growing area.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1995
    Total area 1,672 SF
    Lot 0.69 ac (30,056 SF)
    Zoning code AI
    APN DO-03-18-152-002
    UPID US43-1532362
    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
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    EDWARD J ROY
    EDWARD J ROY
    Zoning & alternative use
    AI · Ortonville, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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