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388 S Broadway St 2,578 SF Retail Building Lake Orion, MI 48362 For Sale
Investment Highlights
- High-visibility location directly on M-24 with daily traffic of approximately 45,186 vehicles.
- Surrounded by national retailers including CVS, McDonald’s, AutoZone, and Starbucks.
- MU zoning supports a variety of potential uses such as retail, office, and mixed-use concepts.
- Large 0.55-acre parcel offering flexible development or operational configurations.
- Within walking distance to Lake Orion’s 500-acre all-sports lake and active residential neighborhoods.
- Established trade area demographics with strong household income levels and continued growth projections.
Executive Summary
Located in the center of Lake Orion, this 2,578 SF property offers a valuable investment opportunity near M-24, delivering exposure to over 45,000 vehicles per day. Positioned on a 0.55-acre parcel, the site accommodates a variety of redevelopment or adaptive reuse options under its Mixed-Use zoning. Originally built in 1980, the building sits within a vibrant corridor anchored by CVS, O’Reilly Auto Parts, and several national QSR brands, ensuring strong retail traffic. With Lake Orion’s 500-acre all-sports lake within walking distance, this property benefits from the area’s active residential base, local tourism, and year-round recreational appeal.
The surrounding region is recognized for its steady growth, high household incomes, and established business presence, providing a supportive environment for investors focused on maximizing long-term value. Whether maintained as an income-generating asset or re-imagined for a modern use, this location combines accessibility, visibility, and favorable market dynamics for forward-thinking ownership strategies.
The surrounding region is recognized for its steady growth, high household incomes, and established business presence, providing a supportive environment for investors focused on maximizing long-term value. Whether maintained as an income-generating asset or re-imagined for a modern use, this location combines accessibility, visibility, and favorable market dynamics for forward-thinking ownership strategies.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,578 SF
Building Class
C
Year Built
1980
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.55 AC
Zoning
BI - Business Improvement
Parking
34 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
135’ on S. Broadway St
Amenities
- Signage
- Drive Thru
Space Availability
- Space
- Size
- Space Use
- Position
- Available
2,578 SF Former Wendy's location available for sale and lease.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,578 SF | Restaurant | Outparcel | Now |
1st Floor
| Size |
| 2,578 SF |
| Space Use |
| Restaurant |
| Position |
| Outparcel |
| Available |
| Now |
1st Floor
| Size | 2,578 SF |
| Space Use | Restaurant |
| Position | Outparcel |
| Available | Now |
2,578 SF Former Wendy's location available for sale and lease.
Fairly walkable
40/100
Very drivable
80/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 09-11-276-026 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $359,810 |
Property Taxes
Parcel Number
09-11-276-026
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$359,810
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388 S Broadway St
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