258 Ortonville RdBrandon Township, MI 48462

Property Details for 258 Ortonville Rd

Year built

1962

Lot size

0.76 AC

Property size (Sq ft)

3,984 SF

Zone code

AI

Property type

Day care centers & nurseries

APN

DO-03-18-101-006

APU

DO0318101006

Description

This exceptional freestanding retail property, located at 258 S. Ortonville Road in Brandon Township, Michigan, presents a unique investment opportunity. Boasting a total of 3,864 square feet of space, the entire building is currently vacant, offering immediate occupancy for a single tenant. Situated on a 0.76-acre lot, the property enjoys excellent visibility and accessibility from the busy Ortonville Road. Built in 1962, the single-story Class B building features ample parking with 12 spaces available. The property's zoning is designated as COMM, providing flexibility for a variety of retail uses. The convenient location in Oakland County, with a Brandon Township address and 48462 zip code, offers easy access to local amenities and a strong customer base. The property's address is further identified by its cross street, Ortonville South of Grange Hall. The parcel number is 0318101006. This is a rare opportunity to acquire a well-located, freestanding retail building with significant potential for growth. The property is ready for immediate development and offers a blank canvas for a discerning tenant. No elevators are present on the property.

• CAP approach

  CAP return

  Valuation

  6%

  $666,667

  6.5%

  $615,385

  7%

  $571,429

• Comparable approach

  Method

  Valuation

  Relative Method

  $428,563

  Geo Method

  $428,563

• Alternative Use

  Use

  Valuation

  Residential

  $780,642

  Hospitality

  $715,064

  Educational

  $594,925

  Medical

  $615,385

  Retail

  $925,439

Location Insight

City

Ortonville

County

Oakland

State

Michigan

Latitude

42.8483

Longitude

-83.4506

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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