1881 Pontiac TrlWalled Lake, MI 48390

Property Details for 1881 Pontiac Trl

Year built

1984

Lot size

2.38 AC

Property size (Sq ft)

4,163 SF

Zone code

BI

Property type

Medical offices

Property subtype

Medical centers

APN

92-17-26-251-017

APU

921726251017

Description

This exceptional 4,200 square foot medical office building, located at 1881 N Pontiac Trail in Walled Lake, Michigan, presents a unique owner-user opportunity. Built in 1984 and extensively renovated in 2012, this single-story Class C building sits on a 1.24-acre lot and offers ample parking with 21 spaces. The property is zoned for general office use and features three fully built-out dental suites and one chiropractic suite, each equipped with four exam rooms and individual water and electric meters. The asking price is $560,000, translating to $133.33 per square foot. Its convenient location just west of M-5 on Pontiac Trail in Oakland County (APN 17-26-251-061) provides excellent visibility and accessibility. This turnkey medical facility is ideal for an established practice seeking to expand or a group of medical professionals looking for a collaborative space. The property's strong existing tenant base and recent renovations make it a sound investment with significant potential for future growth. The building's layout and amenities are designed to optimize workflow and patient comfort. Don't miss this chance to acquire a well-maintained and highly functional medical office building in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $712,655

  6.5%

  $657,836

  7%

  $610,848

• Comparable approach

  Method

  Valuation

  Relative Method

  $389,407

  Geo Method

  $389,407

• Alternative Use

  Use

  Valuation

  Residential

  $815,716

  Hospitality

  $747,192

  Educational

  $621,655

  Medical

  $643,034

  Retail

  $967,019

Location Insight

City

Walled Lake

County

Oakland

State

Michigan

Latitude

42.5492

Longitude

-83.4657

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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