Freestanding Building for Sale

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30051256
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Status: Pending
Building Size (RSF): 1,050 SF
Gross Building Area: See Agent
Sale Price: $275,000
Unit Price: $261.90 PSF
Property Use Type: Net Leased Investment (NNN), Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/22/2018

Overview / Comments

The subject property is situated on 0.373 acres and is a 1,050 SF, operating Salon. This freestanding building is located just north of downtown Walled Lake, and it is positioned on the main thoroughfare and sees nearly 20,000 vehicles passing daily. The property has excellent visibility and a large pylon sign. The subject benefits from the dense surrounding retail, office, and residential population. The site is only one mile west of M-5 and five miles north of I-96. The subject’s location provides easy access, good visibility, store front signage, is move in ready, and is very well maintained.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Central I-96 Corridor
Tax ID/APN: 17-35-103-018
Zoning: C2
Property Located Between: SEQ E. West Maple Road & Pontiac Trail
Feet of Frontage: 78
Traffic/Vehicle Count: 17,000
Year Built: 1966
Year Renovated: 2013
Roof Type: Arched
Zoning Description: C2

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,954 65,126 159,756
Median Age: 39.54 40.39 40.73
Households: 3,245 27,534 63,415
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