250-440 N Ortonville Rd | Ortonville, MI 48462
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250-440 N Ortonville Rd
Ortonville, MI 48462
Retail Property For Sale
Investment Highlights
- Grocery anchored with national retailers and a good tenant mix
- On primary roadwaywith good visibility
- Growing upscale area with new $4 billion GM Lake Orion plant.
- Substantially leased with good surface parking
- No substantial immediate area competition
Executive Summary
Sale of grocery anchored shopping center which draws from a 10 mile radius. The shopping center has a number of national retailers including Ace Hardware, Pet Supplies Plus, Verizon, Anytime Fitness, Hungry Howies and Wireless Zone.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
53,000 SF
Building Class
B
Year Built
1992
Price
£6,300,240
Price Per SF
£119
Net Initial Yield
8.51%
NOI
£536,044
Percent Leased
93%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.09
Lot Size
14.02 AC
Zoning
B-2 - Commercial
Frontage
631 ft on N Ortonville Rd
Amenities
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 02-12-276-003 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £2,296,270 |
PROPERTY TAXES
Parcel Number
02-12-276-003
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£2,296,270
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