440 Ortonville RdOrtonville, MI 48462

Property Details for 440 Ortonville Rd

Year built

1995

Lot size

0.69 AC

Property size (Sq ft)

1,672 SF

Zone code

AI

Property type

Retail space

APN

DO-03-18-152-002

APU

DO0318152002

Description

This exceptional investment opportunity in Ortonville, MI, presents two buildings totaling three units on a 0.69-acre lot situated on M-15. The property includes a residential unit and a commercial building with two additional units, offering diverse income potential. The combined square footage is 1,200 square feet. The expansive 0.69-acre lot provides ample space for potential parking expansion or development of additional stabilized areas. The property's strategic location on M-15 makes it highly visible and accessible, ideal for a variety of commercial ventures, such as a coffee shop or similar businesses. The property consists of multiple parcel IDs. Prior uses did not involve on-site laundry operations, eliminating any concerns regarding contaminants or cleaning agents. Showings are strictly by appointment only. Please refrain from contacting tenants directly. All inquiries must be directed through the appropriate channels. This property offers a unique blend of residential and commercial space, presenting a compelling investment opportunity with significant upside potential. The existing structures provide immediate income generation, while the ample land offers room for future expansion and development. This is a rare chance to acquire a well-located, versatile property in a growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $420,753

  6.5%

  $388,387

  7%

  $360,645

• Comparable approach

  Method

  Valuation

  Relative Method

  $394,125

  Geo Method

  $394,125

• Alternative Use

  Use

  Valuation

  Residential

  $327,619

  Hospitality

  $300,097

  Educational

  $249,677

  Medical

  $258,264

  Retail

  $388,387

Location Insight

City

Ortonville

County

Oakland

State

Michigan

Latitude

42.8445

Longitude

-83.4492

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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