3335 Orchard Lake RdKeego Harbor, MI 48320

Property Details for 3335 Orchard Lake Rd

Year built

1985

Lot size

0.52 AC

Property size (Sq ft)

2,735 SF

Zone code

BI

Property type

Auto shops

APN

36-18-11-229-001

APU

361811229001

Description

This exceptional 2,735 square foot retail space presents a unique redevelopment opportunity in the thriving Keego Harbor submarket. Located on a 0.52-acre lot, this single-story, 1985-built building offers high visibility from Orchard Lake Road, ensuring maximum exposure to a substantial daily traffic flow. The entire 2,735 square feet is currently vacant, providing a blank canvas for a discerning tenant to create their ideal retail space. The property includes 17 parking spaces, a significant advantage in this busy area. The B1 zoning allows for a variety of retail uses, making it suitable for coffee shops, retail stores, or service-oriented businesses. The landlord is committed to collaboration and will consider custom facade options to meet the specific needs of the tenant, ensuring a seamless integration with the surrounding area. This is an unparalleled chance to establish a thriving business in a highly desirable location. The property's prime location and flexible redevelopment potential make it an exceptional investment opportunity. The building's existing structure provides a solid foundation for a modern and attractive retail space, ready to be tailored to the tenant's vision. Don't miss this chance to secure a prominent presence in the heart of Keego Harbor.

• CAP approach

  CAP return

  Valuation

  6%

  $688,253

  6.5%

  $635,310

  7%

  $589,931

• Comparable approach

  Method

  Valuation

  Relative Method

  $644,696

  Geo Method

  $644,696

• Alternative Use

  Use

  Valuation

  Residential

  $535,908

  Hospitality

  $490,889

  Educational

  $408,414

  Medical

  $422,460

  Retail

  $635,310

Location Insight

City

Keego Harbor

County

Oakland

State

Michigan

Latitude

42.6009

Longitude

-83.3485

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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