1375 Lapeer RdOrion Township, MI 48360

Property Details for 1375 Lapeer Rd

Year built

2003

Lot size

4.22 AC

Property size (Sq ft)

53,039 SF

Zone code

BI

Property type

Medical offices

Property subtype

Medical centers

APN

O -09-14-251-004

APU

O0914251004

Description

This exceptional Class A medical office building, located at 1375 S Lapeer Rd in Orion Township, MI 48360 (South of Clarkston Road), offers 22,383 square feet of prime space for lease. Built in 2003 and extensively renovated in 2018, the property boasts a modern design and high-quality finishes. The single, two-story building sits on a spacious 6.39-acre lot and provides ample parking with 247 spaces. The flexible floor plan allows for multiple tenancy options, with spaces ranging from a minimum of 754 square feet to a maximum contiguous space of 7,278 square feet. Currently, 22,285 square feet is available for lease. The property is zoned RB Restricted Business and is situated in the desirable Lake Orion submarket within the North Oakland County cluster. Its convenient location and modern amenities make it an ideal setting for a variety of medical practices. The building's excellent condition and ample parking ensure a comfortable and efficient work environment for tenants and their clients. This is a rare opportunity to secure high-quality medical office space in a thriving Oakland County location.

• CAP approach

  CAP return

  Valuation

  6%

  $9,079,637

  6.5%

  $8,381,204

  7%

  $7,782,546

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,961,268

  Geo Method

  $4,961,268

• Alternative Use

  Use

  Valuation

  Residential

  $10,392,692

  Hospitality

  $9,519,650

  Educational

  $7,920,238

  Medical

  $8,192,626

  Retail

  $12,320,369

Location Insight

City

Lake Orion

County

Oakland

State

Michigan

Latitude

42.7619

Longitude

-83.2415

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].