131 E Walled Lake
Walled Lake, MI 48390
$374,900
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)

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Property Details
Status: Sold
Listing Date 04/22/2019
Sale Date: 08/21/2020
County: Oakland
Acreage: 0.0
Lot Dimensions: 37 X 63
Price/SqFt: $96
Zoning: Commercial, Multi-Family, Office
Current Use: 4 Apartments And 2 Bus.spaces
Water: Municipal Water
Business Type: Office, Residential, Retail, Service
Sub Property Type: Commercial
Office Heat: Baseboard, Central Air, Forced Air, Window/Wall Unit
Possession: At Close
Total Finished SqFt: 3,900
Above Grade Finished SqFt 3,900
Year Built: 1920
Comm. Office Space: 1950
Heating: Baseboard, Central Air, Forced Air, Natural Gas
 
Listing Office: Suburban Real Estate Group
Office Address: 9183 Camelot Drive
Listing Number: 219035928
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