1711 Cass Lake RdKeego Harbor, MI 48320

Property Details for 1711 Cass Lake Rd

Year built

1924

Lot size

0.18 AC

Property size (Sq ft)

2,157 SF

Zone code

BI

Property type

Office buildings

APN

36-18-02-232-007

APU

361802232007

Description

This exceptional 2,157 square foot creative office building, located at 1711 Cass Lake Road in Keego Harbor, Michigan, presents a unique owner-user or investment opportunity. Built in 1924, this single-building property sits on a 0.18-acre lot and boasts stunning views of Cass Lake. The building features a two-story design plus a basement unit with private access, offering flexibility for various uses. The property is currently vacant, providing immediate occupancy for an owner-user or the chance to lease to tenants for passive income generation. The C-1 zoning allows for a range of commercial uses, making it ideal for businesses such as law firms, insurance offices, or financial services companies. Twelve exclusive parking spaces are included, providing ample parking for employees and clients. The building benefits from separately metered electric service, simplifying potential subdivision for multiple tenants. Its convenient location offers easy access to major roadways including Orchard Lake Road (less than a quarter mile away), Telegraph Road, M-59, and I-75, ensuring excellent accessibility for employees and clients. The asking price for this prime commercial property is $388,000. This is a rare opportunity to acquire a well-located, versatile office building with significant potential.

• CAP approach

  CAP return

  Valuation

  6%

  $369,252

  6.5%

  $340,848

  7%

  $316,502

• Comparable approach

  Method

  Valuation

  Relative Method

  $201,766

  Geo Method

  $201,766

• Alternative Use

  Use

  Valuation

  Residential

  $422,652

  Hospitality

  $387,147

  Educational

  $322,102

  Medical

  $333,179

  Retail

  $501,047

Location Insight

City

Keego Harbor

County

Oakland

State

Michigan

Latitude

42.6144

Longitude

-83.3445

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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