21800 Pontiac TrlSouth Lyon, MI 48178

Property Details for 21800 Pontiac Trl

Year built

1996

Lot size

1.85 AC

Property size (Sq ft)

8,197 SF

Zone code

BI

Property type

Medical offices

Property subtype

Medical centers

APN

K -21-32-100-041

APU

K2132100041

Description

This exceptional 7,363 square foot medical office building, situated on a 1.85-acre lot in South Lyon, Michigan, presents a fantastic leasing opportunity. The property, located at 21800 Pontiac Trail, boasts a convenient single-tenant occupancy, ideal for a growing medical practice or related business. Built in 1996, this Class C building features 1,800 square feet of immediately available space, perfect for expansion or a new venture. The ample 40-space parking lot ensures convenient access for patients and staff. The building's zoning is B-2 Community Business District, allowing for a variety of medical-related uses. The property's location in Oakland County, with its vibrant community and strong demographics, offers excellent visibility and accessibility. The single-story design provides easy navigation and accessibility. The property's APN is 21-32-100-041 and the zip code is 48178. This is a rare opportunity to secure a well-located, functional medical office space in a thriving Michigan community. Don't miss out on this chance to establish or expand your medical practice in a prime South Lyon location. The property offers a blend of convenience, accessibility, and ample space to accommodate your business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $1,403,228

  6.5%

  $1,295,287

  7%

  $1,202,766

• Comparable approach

  Method

  Valuation

  Relative Method

  $766,747

  Geo Method

  $766,747

• Alternative Use

  Use

  Valuation

  Residential

  $1,606,156

  Hospitality

  $1,471,230

  Educational

  $1,224,046

  Medical

  $1,266,143

  Retail

  $1,904,072

Location Insight

City

South Lyon

County

Oakland

State

Michigan

Latitude

42.4411

Longitude

-83.6493

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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