6750 Orchard Lake Rd - Freestanding FOR SALE


West Bloomfield, MI 48322
$5,500,000 USD
248-226-1610
6750 Orchard Lake Rd, West Bloomfield, MI for Sale
$5,500,000 USD
Freestanding - FOR SALE
1/10
null | Request Cap Rate

6750 Orchard Lake Rd
West Bloomfield, MI 48322


OVERVIEW

Jonna Group at Colliers International has been selected to exclusively represent for sale the Orchard Fitness building in West Bloomfield, Michigan. This trophy redevelopment and repositioning opportunity is located at the hard signalized corner of Orchard Lake Road and Powers Road. The property spans nearly 30,000-square feet and sits on approximately 4.2 acres. The subject property has approximately 300 feet of frontage on Orchard Lake Road and provides premium high visibility, exposure and curb appeal. This fee simple asset is offered free & clear of any encumbrances. The subject property is located in the heart of the Town Center Overlay District in the Charter Township of West Bloomfield. The Township is actively renewing the central business district along Orchard Lake Road and has already made significant investments in the renewal including the reconstruction of Orchard Lake Road as a boulevard. The subject building is located in the heart of this redevelopment corridor. This consistently busy corridor features over 44,000 vehicles traveling per day on Orchard Lake Road. The subject property is located in West Bloomfield, one of the most affluent communities in the entire state of Michigan. The average household income in a three-mile radius is $145,101 and $143,355 in a five-mile radius, well above the national average. Several national retailers are located in the immediate vicinity of the property including: Whole Foods, ALDI, TJ-Maxx, Marshalls, Burlington, HomeGoods, Walgreens, ULTA, DSW, Bed Bath & Beyond, Five Below, Kohl’s, McDonald’s, Panera Bread, Chase Bank, Chipotle, Firestone, Tim Horton’s, CVS, Planet Fitness, Old Navy and many more. The property is just steps away from Cauley’s state-of-the-art Ferrari Dealership as well as Beaumont Health’s (S&P A+) premier medical campus.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$183 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Orchard Fitness

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

236

LAND DETAILS

LAND ACRES

4.2 AC

LAND SF

182,952 SF

ZONING

BI

APN/PARCEL ID

18-34-200-244

ASK ABOUT THIS PROPERTY

Simon JonnaJonna GroupMore Info
248-226-1610

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Simon JonnaJonna GroupMore Info
248-226-1610

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.