For Sale
$200,000

250 Ortonville Rd ORTONVILLE, MI 48462

Vacant Storefront, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 39,411 square foot vacant storefront, located at 250 N Ortonville Rd, Ortonville, MI 48462, presents a fantastic investment opportunity. The property, built in 1992, boasts a single story design and is zoned for commercial use. Currently vacant, this retail space offers a significant upside potential with its attractive asking price of $200,000, translating to a price per square foot of $7.59. The property features a gross lease with seven years remaining on the term. The high cap rate of 30% underscores the strong potential for return on investment. Previous use was a tobacco shop, complete with POS systems, computers, security, and cameras, all included in the sale price. The sale price does not include inventory. The property is privately owned and situated in Oakland County, Michigan. This is a turnkey opportunity for an investor seeking a high-return, established retail location. Please note that the property is currently vacant and the seller is highly motivated. Serious inquiries only.

Highlights

  • 39,411 SF vacant storefront in Ortonville, MI.
  • Asking price: $200,000 ($5.07 PSF).
  • Built in 1992, single-story, commercially zoned.
  • High 30% cap rate.
  • Includes POS systems, computers, security, and cameras.
  • Seven-year lease remaining (gross lease).

Property Details for 250 Ortonville Rd

Property type
Retail properties, Retail space
Square Feet
39,411 SF
Year Built
1992
Stories
1

Location Insight

City
ORTONVILLE
County
Oakland
State
Michigan
Latitude
42.8757537
Longitude
-83.4720102

FAQs

What type of property is this?
Retail property - Vacant Storefront, High Cap Rate
Where is the retail property located?
The property is located at 250 Ortonville Rd ORTONVILLE, MI.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 39,411 SF vacant storefront in Ortonville, MI.; Asking price: $200,000 ($5.07 PSF).; Built in 1992, single-story, commercially zoned.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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250 Ortonville Rd
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