Property profile

7071 Dixie Hwy 7153 Clarkston, MI 48346

OFF-MARKET
Strip malls
Property ID
US43-1799650
151,736 SF 26.03 ac lot Built 1990
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

White Lake Commons, located at 7071 Dixie Hwy in Clarkston, Michigan (48346), presents a prime retail investment opportunity. This established strip center boasts a total of 151,201 square feet across 27 single-story buildings, situated at the high-traffic intersection of Dixie Highway and White Lake Road. The property, built in 1990 and zoned C-2, offers multiple tenancy options with a minimum divisible space of 1,600 square feet and a maximum contiguous space of 19,605 square feet. Currently, there are 52,544 square feet of vacant space available, providing significant potential for new tenants. The center benefits from a strong anchor tenant, Nieman's Family Market, and other established businesses including Domino's Pizza, The UPS Store, and Athletico Physical Therapy. Its prime location generates high traffic volumes exceeding 50,000 vehicles daily, ensuring excellent visibility and customer access. The property's APN is 08-29-351-020, and it's located in Oakland County. This is an exceptional opportunity to acquire a well-positioned retail center in a thriving Michigan community.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1990
Total area 151,736 SF
Lot 26.03 ac (1,133,867 SF)
Zoning code C-2
APN J -08-29-351-020
UPID US43-1799650

Cap rate & NOI

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

Location

7071 Dixie Hwy, Unit 7153 Clarkston, MI 48346-2013
Clarkston metro Census 127300 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
$3.67M
Blend (final) Blend
$4.30M

Owner & transaction history

since 2018
3 recorded transactions
2022
Price N/A
2019
Price N/A
2018
Price N/A

Zoning & alternative use

C-2 · Clarkston, MI

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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