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Lakes Plaza 11485 N Territorial Rd 7,000 SF Vacant Retail Building Dexter, MI 48130 $550,000 ($78.57/SF)

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INVESTMENT HIGHLIGHTS

  • High traffic corner location; large paved lot.
  • Plans available for additional 13,290 SF.
  • New $2.1 Million upgraded intersection at N, Territorial and Dexter Townhall Road.

EXECUTIVE SUMMARY

5 Acre Lot (Zoned C-1). 3 Separate Suites. Separate Water, Gas, Electric. Security Camera System. High Traffic Corner Location. Large Paved Lot. Plans available for additional 13,290 q-Ft Building. Approximately 1.5 Acres of Paved Asphalt.
Commercial Zoning: • Retail businesses that supply commodities on the premises within a completely enclosed building, such as food, drugs, alcohol, furniture, clothing, dry goods, books, flowers, jewelry, or hardware, Personal service establishment that performs services on site within a completely enclosed building, Professional office that performs services on site within a completely enclosed building, Upper-level residential, Biofuel production, small, Farm equipment sales and service, Roadside stand, Winery, Landscape nursery and greenhouse, including sales of plant materials and supplies, Veterinary clinic, Driving range, Indoor recreation, such as indoor theaters, bowling alleys, skating rinks, shooting ranges, Outdoor athletic facility or similar recreation facility of an open-space and low-intensity nature, Watercraft sales, repair, or storage, Food cart, Sit-down restaurant or other establishment that serves food or drink for on-site consumption, Health, fitness, or rehabilitation center, Medical office, Government office, Library, Polling place, Public administration building or assembly hall, Day care center, Funeral home, MET tower, Motel or hotel, Private club or meeting hall
Special Land Uses: Biofuel production, large, Car wash, Commercial kennel, Motor vehicle service station or maintenance and repair, Open air sales, Sales of new industrial and construction equipment or the service and repair of such items, Self-storage facility, Adult entertainment, Commercial watercraft access ramp, Marina or yacht club, Banquet hall, Bar or club, Carry-out, drive-through, take-out, pick-up, or other form of restaurant or other food service establishment that serves food or drink for off-site consumption, Microbrewery or distillery, Outdoor dining area, Assisted living facility, Junkyard, Recycling collection or transfer station, Wireless communication facility, new, Wireless communication facility, major colocation, Motor vehicle sales

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
C
Year Built/Renovated
1950/2013
Price
$550,000
Price Per SF
$78.57
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.03
Lot Size
5.00 AC
Zoning
C-1 - Commercial Zoning Retail, Office, Medical Restaurant
Parking
95 Spaces (13.57 Spaces per 1,000 SF Leased)
Frontage
479’ on N Territorial Rd

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
04-15-300-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$283,400
  • Listing ID: 26566435

  • Date on Market: 9/6/2022

  • Last Updated:

  • Address: 11485 N Territorial Rd, Dexter, MI 48130

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