Property profile

885 Orchard Lake Rd Pontiac, MI 48341

FOR SALE
Auto shops
Property ID
US43-1381931
1,246 SF 0.33 ac lot Built 1954
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This 1,500 square foot warehouse located at 885 Orchard Lake Road in Pontiac, Michigan, presents a prime opportunity for an owner-user. The property boasts a desirable C-1 zoning classification, offering versatility for various business uses. The building features two dock-high doors, facilitating efficient loading and unloading of goods. Ample parking is available with 20 spaces, conveniently accessed through two 20-foot wide gates. The expansive lot provides approximately 145 feet of frontage on Man Road, enhancing visibility and accessibility. Further enhancing the property's appeal is a fenced yard, providing security and additional storage space. The asking price for this well-situated warehouse is $365,000. The property's prominent location also benefits from pylon signage opportunities. Situated in Oakland County, Michigan, with a zip code of 48341, this warehouse offers a compelling combination of functionality, location, and value. The property is ready for immediate occupancy.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1954
Total area 1,246 SF
Lot 0.33 ac (14,375 SF)
Zoning code BI
APN 64-14-31-378-005
UPID US43-1381931

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Home Health Care Service
  • Auto Repair Shop
  • Auto Repair Shop

Location

885 Orchard Lake Rd Pontiac, MI 48341
Pontiac metro Census 142500 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
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2022
Last sale
$240,000
3 recorded transactions
2022
$240,000
2012
Price N/A
2007
Price N/A

Zoning & alternative use

BI · Pontiac, 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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