22990 Pontiac TrlSouth Lyon, MI 48178

Property Details for 22990 Pontiac Trl

Year built

1978

Lot size

0.55 AC

Property size (Sq ft)

2,062 SF

Zone code

BI

Property type

Medical offices

Property subtype

Medical centers

APN

K -21-29-303-027

APU

K2129303027

Description

This exceptional 2,062 square foot freestanding building, located at 22990 Pontiac Trail in South Lyon, Michigan, presents a unique investment opportunity. Built in 1978 and extensively renovated in 2019, the property boasts high-end medical finishes, having previously served as a bank and more recently as an urgent care facility. The single-story building sits on a 0.548-acre lot, offering convenient access from both Pontiac Trail and Marjorie Ann Street. Its prime corner location places it near downtown South Lyon and numerous national and regional retailers, ensuring high visibility and accessibility. The B-2 zoning allows for a wide range of uses, including medical offices, retail spaces, banks, and more. Permitted special land uses add further versatility, encompassing fast-food drive-thru restaurants, gas stations, and car washes. The property's drive-thru capability is a significant advantage, enhancing its appeal to a variety of potential businesses. This turnkey operation is offered at $895,000 and presents a compelling opportunity for owner-users seeking a well-maintained, strategically located commercial space in a thriving community. The APN is 21-29-303-027. This property is situated in Oakland County, Michigan, zip code 48178.

• CAP approach

  CAP return

  Valuation

  6%

  $352,990

  6.5%

  $325,836

  7%

  $302,562

• Comparable approach

  Method

  Valuation

  Relative Method

  $192,879

  Geo Method

  $192,879

• Alternative Use

  Use

  Valuation

  Residential

  $404,037

  Hospitality

  $370,096

  Educational

  $307,915

  Medical

  $318,505

  Retail

  $478,980

Location Insight

City

South Lyon

County

Oakland

State

Michigan

Latitude

42.4516

Longitude

-83.6502

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].