885 Orchard Lake RdPontiac, MI 48341

Property Details for 885 Orchard Lake Rd

Year built

1954

Lot size

0.33 AC

Property size (Sq ft)

1,246 SF

Zone code

BI

Property type

Auto shops

APN

64-14-31-378-005

APU

641431378005

Description

This 1,500 square foot warehouse located at 885 Orchard Lake Road in Pontiac, Michigan, presents a prime opportunity for an owner-user. The property boasts a desirable C-1 zoning classification, offering versatility for various business uses. The building features two dock-high doors, facilitating efficient loading and unloading of goods. Ample parking is available with 20 spaces, conveniently accessed through two 20-foot wide gates. The expansive lot provides approximately 145 feet of frontage on Man Road, enhancing visibility and accessibility. Further enhancing the property's appeal is a fenced yard, providing security and additional storage space. The asking price for this well-situated warehouse is $365,000. The property's prominent location also benefits from pylon signage opportunities. Situated in Oakland County, Michigan, with a zip code of 48341, this warehouse offers a compelling combination of functionality, location, and value. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $313,551

  6.5%

  $289,432

  7%

  $268,758

• Comparable approach

  Method

  Valuation

  Relative Method

  $293,708

  Geo Method

  $293,708

• Alternative Use

  Use

  Valuation

  Residential

  $244,147

  Hospitality

  $223,637

  Educational

  $186,063

  Medical

  $192,462

  Retail

  $289,432

Location Insight

City

Pontiac

County

Oakland

State

Michigan

Latitude

42.6218

Longitude

-83.3173

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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