400 Broadway StOrion Township, MI 48362

Property Details for 400 Broadway St

Year built

1999

Lot size

0.39 AC

Property size (Sq ft)

3,756 SF

Zone code

BI

Property type

Retail space

APN

OL-09-11-277-050

APU

OL0911277050

Description

This exceptional 1,200 square foot office space, located in the vibrant Lake Orion area of Oakland County, is perfect for a single tenant. The property is part of a larger 4,000 square foot building and offers a blend of traditional and creative office layouts, making it suitable for a variety of businesses. The space includes two private offices, ideal for individual work or client meetings, and a large open workspace designed to encourage collaboration and teamwork. The layout is flexible and adaptable to suit different business needs. The property boasts excellent visibility from a busy main road, ensuring high traffic and brand awareness. Furthermore, tenants will benefit from access to a shared conference room, providing a professional setting for meetings and presentations without the expense of dedicated space. This is a single-tenant occupancy opportunity in a thriving location. The property type is classified as Traditional Office, Creative Office, and Coworking, reflecting its versatility and suitability for diverse business models. This is an excellent opportunity to establish a strong presence in a desirable location. The space is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $945,183

  6.5%

  $872,477

  7%

  $810,157

• Comparable approach

  Method

  Valuation

  Relative Method

  $885,367

  Geo Method

  $885,367

• Alternative Use

  Use

  Valuation

  Residential

  $735,967

  Hospitality

  $674,142

  Educational

  $560,878

  Medical

  $580,168

  Retail

  $872,477

Location Insight

City

Lake Orion

County

Oakland

State

Michigan

Latitude

42.7782

Longitude

-83.2398

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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