This exceptional 2,633 square foot freestanding building presents a prime opportunity for a restaurant or retail business in the thriving city of Walled Lake, Michigan. Located at 976 North Pontiac Trail, this single-tenant property sits on a 0.56-acre lot in Oakland County and offers excellent visibility and accessibility. The building is fully vacant and ready for immediate occupancy. Key features include a drive-thru, ample parking, a prominent pylon sign, and attractive storefront signage. The property is well-maintained and benefits from its location in downtown Walled Lake, surrounded by a dense residential population. Its strategic position provides easy access to major roadways, being less than two miles west of M-5 and four miles north of I-96, ensuring high traffic flow and customer reach. This turnkey property is ideal for a business seeking a high-impact location with significant potential for growth. The building's existing infrastructure and prominent signage offer immediate branding opportunities. This is a rare chance to acquire a well-situated, ready-to-occupy commercial space in a desirable Michigan market. The property's size and features make it suitable for a variety of restaurant or retail concepts. The 48390 zip code offers a strong demographic profile.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$511,505
6.5%
$472,159
7%
$438,433
Comparable approach
Method
Valuation
Relative Method
$256,142
Geo Method
$256,142
Alternative Use
Use
Valuation
Industrial / Distribution
$916,062
Mixed-Use / Specialty
$472,372
Hospitality / Lodging
$349,034
Office
$471,541
Institutional / Educational
$491,754
Residential Income
$575,353
Multifamily
$679,533
Automotive / Energy
$421,504
Parking / Income-Based Land
$143,582
Restaurant / Food Service
$249,732
Healthcare / Senior Housing
$482,464
Location Insight
City
Walled Lake
County
Oakland
State
Michigan
Latitude
42.5405
Longitude
-83.4792
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Pontiac Trl Walled Lake, MI 48390
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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