1226 Michigan AveWinter Park, FL 32789

  • Retail properties
  • 7,744 SF
For Lease
$40/SF/YR View listing

Property Details for 1226 Michigan Ave

Year built
1947
Lot size
0.23 AC
Property size (Sq ft)
7,744 SF
Zone code
C-3
Property type
Retail properties
Property subtype
Retail space
APN
12-22-29-5424-00-010
APU
122229542400010

Description

This exceptional Class A retail property, Michigan Corners, is located at 1226 Michigan Ave in Winter Park, Florida, within Orange County (zip code 32789). The single-story building comprises 6,650 square feet and features five suites, offering flexible space options for various retail or restaurant businesses. Units range from a minimum of 1,000 square feet to a maximum contiguous space of 6,650 square feet, providing adaptability for diverse tenant needs. The property boasts a prime location with direct frontage on Orlando Avenue (17-92), ensuring high visibility and accessibility for customers. Ample parking is available, catering to the convenience of both tenants and patrons. This location benefits from the strong demographics of the Winter Park area, presenting a unique opportunity for businesses seeking to establish a presence in a thriving Central Florida market. The property's classification as Class A signifies its high-quality construction and modern amenities. This is a rare opportunity to lease space in a highly desirable Winter Park location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,761,550
    6.5%
    $1,626,047
    7%
    $1,509,900
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,483,832
    Geo Method
    $3,064,422
  • Alternative Use

    Use
    Valuation
    Residential
    $1,371,631
    Hospitality
    $1,256,407
    Educational
    $1,045,316
    Medical
    $1,081,266
    Retail
    $1,626,047
1226 Michigan Ave, Winter Park, Florida

Location Insight

City
Winter Park
County
Orange
State
Florida
Latitude
28.5884
Longitude
-81.3653
CBSA code
36740
CBSA name
ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,346
$663,098
$37,459
$700,557
-
$663,098
$37,459
$700,557

FAQs

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