490 Ortonville Rd Ortonville, MI 48462-8871
- Warehouses
- 3,712 SF
- 1.04 lot acres
Current Use by Public Records
- Warehouses
Property Details for 490 Ortonville Rd
- Year built
- 1989
- Lot size
- 1.04 lot acres
- Property size
- 3,712 SF
- Zone code
- AI
- Property type
- Warehouses
- APN
- DO-03-18-152-005
- APU
- DO0318152005
Description
This 3,712 square foot freestanding storefront building in Brandon Township, Michigan, is available for $995,000 ($268.05/sq ft). Currently vacant, this property offers a unique opportunity for a cannabis provisioning center, with the license included in the sale price. The building boasts excellent visibility and accessibility, situated at a high-traffic intersection with over 20,000 vehicles passing daily, ensuring significant brand exposure. Ample parking is available, with the potential for 20+ spaces. The location benefits from strong synergy with established national tenants such as Dollar Tree, Rite Aid, Verizon Wireless, Ford, Citgo, Jets Pizza, and Pet Supplies Plus. Municipal approval for adult-use cannabis provisioning is already in place, making this a turnkey operation in a highly competitive market with only two approved licenses. The property features pylon signage for enhanced visibility. This is a rare opportunity to acquire a fully licensed and permitted cannabis retail space in a prime location with exceptional traffic counts and strong surrounding retail presence. The address is 490 S Ortonville Rd, Brandon Twp, MI 48462.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $155,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $160,000
- 6.5%
- $145,000
- 7%
- $160,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $140,000
- Geo Method
- $140,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $170,000
- Retail
- $170,000
- Mixed-Use
- $170,000
- Hospitality
- $170,000
- Educational
- $150,000
- Residential Income
- $150,000
- Energy
- $175,000
- Income-Based Land
- $145,000
- Food Service
- $185,000
Location Insight
- Map
- Local Demand
- City
- Ortonville
- County
- Oakland
- State
- Michigan
- Longitude
- -83.4487
- Latitude
- 42.8438
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA