Lakes Plaza | 11485 N Territorial Rd
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Lakes Plaza 11485 N Territorial Rd
7,000 SF Vacant Retail Building Dexter, MI 48130 £481,207 (£69/SF)
Investment Highlights
- High traffic corner location; large paved lot.
- Plans available for additional 13,290 SF.
- New $2.1 Million upgraded intersection at N, Territorial and Dexter Townhall Road.
Executive Summary
5 Acre Lot (Zoned C-1). 3 Separate Suites. Separate Water, Gas, Electric. Security Camera System. High Traffic Corner Location. Large Paved Lot. Plans available for additional 13,290 q-Ft Building. Approximately 1.5 Acres of Paved Asphalt.
Commercial Zoning: • Retail businesses that supply commodities on the premises within a completely enclosed building, such as food, drugs, alcohol, furniture, clothing, dry goods, books, flowers, jewelry, or hardware, Personal service establishment that performs services on site within a completely enclosed building, Professional office that performs services on site within a completely enclosed building, Upper-level residential, Biofuel production, small, Farm equipment sales and service, Roadside stand, Winery, Landscape nursery and greenhouse, including sales of plant materials and supplies, Veterinary clinic, Driving range, Indoor recreation, such as indoor theaters, bowling alleys, skating rinks, shooting ranges, Outdoor athletic facility or similar recreation facility of an open-space and low-intensity nature, Watercraft sales, repair, or storage, Food cart, Sit-down restaurant or other establishment that serves food or drink for on-site consumption, Health, fitness, or rehabilitation center, Medical office, Government office, Library, Polling place, Public administration building or assembly hall, Day care center, Funeral home, MET tower, Motel or hotel, Private club or meeting hall
Special Land Use
Special Land Use Car wash
Special Land Use Commercial kennel
Special Land Use Motor vehicle service station or maintenance and repair
Special Land Use Open air sales
Special Land Use Sales of new industrial and construction equipment or the service and repair of such items
Special Land Use Self-storage facility
Special Land Use Banquet hall
Special Land Use Bar or club
Special Land Use Carry-out, drive-through, take-out, pick-up, or other form of restaurant or other food service establishment that serves food or drink for off-site consumption
Special Land Use Microbrewery or distillery
Special Land Use Outdoor dining area
Special Land Use Assisted living facility
Special Land Use Motor vehicle sales
Commercial Zoning: • Retail businesses that supply commodities on the premises within a completely enclosed building, such as food, drugs, alcohol, furniture, clothing, dry goods, books, flowers, jewelry, or hardware, Personal service establishment that performs services on site within a completely enclosed building, Professional office that performs services on site within a completely enclosed building, Upper-level residential, Biofuel production, small, Farm equipment sales and service, Roadside stand, Winery, Landscape nursery and greenhouse, including sales of plant materials and supplies, Veterinary clinic, Driving range, Indoor recreation, such as indoor theaters, bowling alleys, skating rinks, shooting ranges, Outdoor athletic facility or similar recreation facility of an open-space and low-intensity nature, Watercraft sales, repair, or storage, Food cart, Sit-down restaurant or other establishment that serves food or drink for on-site consumption, Health, fitness, or rehabilitation center, Medical office, Government office, Library, Polling place, Public administration building or assembly hall, Day care center, Funeral home, MET tower, Motel or hotel, Private club or meeting hall
Special Land Use
Special Land Use Car wash
Special Land Use Commercial kennel
Special Land Use Motor vehicle service station or maintenance and repair
Special Land Use Open air sales
Special Land Use Sales of new industrial and construction equipment or the service and repair of such items
Special Land Use Self-storage facility
Special Land Use Banquet hall
Special Land Use Bar or club
Special Land Use Carry-out, drive-through, take-out, pick-up, or other form of restaurant or other food service establishment that serves food or drink for off-site consumption
Special Land Use Microbrewery or distillery
Special Land Use Outdoor dining area
Special Land Use Assisted living facility
Special Land Use Motor vehicle sales
Property Facts
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
C
Year Built/Renovated
1950/2013
Price
£481,207
Price Per SF
£69
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
1
Building FAR
0.03
Lot Size
5.00 AC
Zoning
C-1 - Commercial Zoning Retail, Office, Medical Restaurant
Parking
95 Spaces (13.57 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 04-15-300-001 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £212,200 |
PROPERTY TAXES
Parcel Number
04-15-300-001
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£212,200
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Lakes Plaza | 11485 N Territorial Rd
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