click to enable zoom
searching...
We didn't find any results
open map
View Roadmap Satellite Hybrid Terrain My Location Fullscreen
Your search results

131 E Walled Lake

$ 374,900
131 E Walled Lake ,
67
Active

Description

REMARKABLE INVESTMENT OPPORTUNITY*** 2 RETAIL/OFFICE SPACES ON MAIN FLOOR CURRENTLY LEASED WITH MULTIPLE YEAR LEASES – ONE 3 YEAR LEASE AND ONE 5 YEAR LEASE***EXCEPTIONAL RENTAL HISTORY ON THE 4 RENTAL APARTMENTS ON 2ND FLOOR: 2 ARE ONE BEDROOM UNITS AND 2 ARE EFFICIENCY UNITS AND ARE ALSO FULLY LEASED ***MODEST LEVERAGE AT CURRENT INTEREST RATES WILL PROVIDE EXCEPTIONAL RETURN ON EQUITY**ACROSS THE STREET FROM BEACHFRONT PARK AND POPULAR LAKEFRONT RESTAURANT***NOTE: TENANTS NOT TO BE DISTURBED!***LISTOR TO ACCOMPANY ALL SHOWINGS

PLEASE NOTE: ADDRESS THROUGH TAXING RECORDS 131 E WALLED LAKE DRIVE – ADDRESS THROUGH UTILITY COMPANIES AND USED ON THE BUILDING 123 E WALLED LAKE DRIVE (INSURANCE OFFICE), 125 E WALLED LAKE DRIVE (4 APARTMENT TENANTS 2ND FLOOR), 127 E WALLED LAKE DRIVE (REAL ESTATE/MORTGAGE OFFICE)

Address: 131 E Walled Lake
State/County:
Zip: 48390
Open In Google Maps
Property Id : 23793
Price: $ 374,900
Bedrooms: 2
Building size: 0.00 acres
Available Space: 3900 sq.ft.
Active Openhouse Count: 0
Architecture Level: 2 Story
Building Area Source: Public Records
Business Type: Office,Residential,Retail,Service
CDOM: 297
Commercial Exterior Features: Outside Lighting
Commercial Type: Apartments,Commercial,Real Estate Only
Commercial Utilities: Cable TV,Smoke Alarm
Construction Materials: Brick,Wood
County Or Parish: Oakland
Current Use: 4 APARTMENTS AND 2 BUS.SPACES
Directions: NEAR INTERSECTION OF PONTIAC TRAIL & E LAKE DRIVE ACROSS THE STREET FROM THE LAKE
Directions From EastWest: E
Directions From EastWest Detail: Walled Lake
Directions From NorthSouth: S
Directions From NorthSouth Detail: Pontiac Tr
Distance To Airport: 25
Distance To Interstate: 5
DOM: 297
Foundation Details: Basement
Foundation Materials: Stone,Other
Frontage Feet: 37
Gross Scheduled Income: 59775.00
Heating: Baseboard,Central Air,Forced Air
Heating Fuel: Natural Gas
Last Change Type: New
List Office Name: Suburban Real Estate Group
Lock Box Type: Appointment
Lot Size Dimensions: 37 X 63
MLS: Realcomp II Ltd
MLS Area Major: Walled Lake
MLS Area Major Number: 02173
MLS Number: 219035928
Monthly Sales: 0
Annual Net Income: 40150.00
Number Of Units Total: 4
Office Heating: Baseboard,Central Air,Forced Air,Window/Wall Unit
Operating Expense: 19575.00
Original List Price: 374900.00
Ownership Status: Private Owned,Short Sale - No
Parcel Number: 1734408005
Percent Leased: 100
Postal City: Walled Lake
Postal Code Plus 4: 3553
Property Type: Commercial
Protection Period: 180
Rent Includes: Garbage Pickup,Heat,Water/Sewer
Road Frontage Type: Paved,Pub. Sidewalk
Roof Material: Asphalt,Built-Up
Room Count: 0
School District: Walled Lake
Settlement: City
Sewer: Sewer-Sanitary
Short Sale: No
Side Of Street: E
Sqft Main: 3900
Sqft Office: 1950
Sqft Source: Prd
State Equalized Value: 95740.0000
Street Dir Prefix: E
Street Name: Walled Lake
Street Number: 131
Subdivision Name: Suprvr's Plat No 2 - Walled Lake
Table: Commercial
Taxable Value: 91080.0000
Tax Amount Summer: 4847.0000
Tax Amount Winter: 99.0000
Tax Legal Description: T2N, R8E, SEC 34 SUPERVISOR'S PLAT NO. 2 LOT 27 ALSO E 4 FT OF S 80.52 FT OF LOT 28
Title: Private - Owned
Total Tax: 4946.0000
Unit Count: 2
Unit Efficiency Number Of: 2
Unit Loft Number Of: 0
Unit One Bed Number Of: 2
Unit Three Bed Number Of: 0
Unit Two Bed Number Of: 0
Waterfront Name: WALLED LAKE
Water Heater Fuel: Natural Gas
Water Source: Municipal Water
Year Built: 1920
Year Remodeled: 1998
Zoning: Commercial,Multi-Family,Office
Airport: Yes
APOD Available: Yes
Customer Comment: Yes
Encroachment: No
Exclusions: No
Interstate: Yes
Inventory Included: No
Inventory List: No
Land Contract: No
Legal Rental Certified: Yes
Publish Sale Price: Yes
Railroad: No
Restrictions: Yes
Waterfront: No
Waterway: No
Zone Conform: Yes
IDX provided courtesy of Realcomp II Ltd., via Suburban Real Estate Group and Realcomp, © 2021 Realcomp II Ltd. Shareholders.

Similar Listings

$ 479,999
Sales
Active

209 E WALLED LAKE Drive

209 E WALLED LAKE DR , Walled Lake
Category: Other, Retail, Sales
5,556.00 ft2
$ 1,400
Sales
Active

937 N PONTIAC Trail

937 N PONTIAC TRL , Walled Lake
Category: Office, Other, Retail, Sales
1,120.00 ft2
$ 479,900
Sales
Active

209 E WALLED LAKE Drive

209 E WALLED LAKE DR , Walled Lake
Category: Other, Retail, Sales
5,556.00 ft2
$ 189,900
Sales
Active

1038 E West Maple Road

1038 E West Maple RD , Walled Lake
Category: Office, Other, Sales
1,603.00 ft2

Compare Listings