Lake Orion Medical

3385 Waldon Road, Lake Orion, MI 48360

  • For Sale $1,150,000
  • Property Type Office - Medical Office
  • Property Size 3,641 SF
  • Lot Size 2.33 Acre
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1976
  • Year Renovated 2022
  • Date Updated Feb 12, 2024
3385 Waldon Road±3,600 SF two-tenant medical office investment property located in Lake Orion, MI (Metropolitan Detroit) Orion Lakes Family Dentistry, PLLC will sign a new 10-year absolute NNN lease for the entire property at the close of escrow Year 1 base rent = $80,000 with 2% annual increases The entire interior of the property was fully renovated in 2022 ±100,000 people reside within 5-miles of the property with $105,000+ in annual household income (300,000+ people reside within 10-miles) The property is strategically located adjacent to the 100,000 SF Kroger-anchored shopping center (Shops at Waldon Pond) The property is positioned at the intersection of Waldon Rd and Baldwin Rd (27,000+ vehicles per day) Asking Price: $1,150,000 (7.00% Cap)

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Attachments

Highlights

  • ±3,600 SF two-tenant medical office investment property located in Lake Orion, MI (Metropolitan Detroit)
  • Orion Lakes Family Dentistry, PLLC will sign a new 10-year absolute NNN lease for the entire property at the close of escrow
  • Year 1 base rent = $80,000 with 2% annual increases
  • The entire interior of the property was fully renovated in 2022
  • ±100,000 people reside within 5-miles of the property with $105,000+ in annual household income (300,000+ people reside within 10-miles)
  • The property is strategically located adjacent to the 100,000 SF Kroger-anchored shopping center (Shops at Waldon Pond)
  • The property is positioned at the intersection of Waldon Rd and Baldwin Rd (27,000+ vehicles per day)
  • Asking Price: $1,150,000 (7.00% Cap)

Contacts

broker

Steven Silverman

Friedman Real Estate

(248) 324-2000

Location

Getting Around

  • Walk Score ®

    49/100 Car-Dependent
  • Bike Score ®

    36/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Lake Orion, MI
  • Neighborhood Orion
  • Zip Code 48360
  • Market Detroit

Points of Interest

  • Pontiac

    7.19 miles

  • Marathon

    0.86 miles

  • Sunoco

    1.44 miles

  • BP Shop

    1.89 miles

  • Citgo

    1.92 miles

  • Costco Gasoline

    2.21 miles

  • Auburn Hills, MI Supercharger

    2.26 miles

  • Sun Country

    2.26 miles

  • Meijer

    2.26 miles

  • Mobil

    2.30 miles

  • Sam's Club

    2.46 miles

  • RMHA Pool Parking Lot

    0.86 miles

  • Orion Oaks County Park

    1.04 miles

  • Accessible Parking

    2.12 miles

  • Orion Oaks County Park

    2.13 miles

  • Polly Ann Parking

    3.89 miles

  • Pontiiac School Bus Yard

    4.68 miles

  • Notre Dame Preparatory Marist Academy Parking Lot

    5.03 miles

  • Pathway Baptist Church

    5.32 miles

  • Fish Hatchery parking

    5.55 miles

  • P3

    6.12 miles

  • Holiday Inn Express & Suites

    2.28 miles

  • Hampton Inn

    2.33 miles

  • TownePlace Suites

    2.55 miles

  • Old Mill Inn

    5.30 miles

  • Millpond Inn

    5.58 miles

  • Hyatt Place

    5.88 miles

  • Crowne Plaza Auburn Hills

    5.97 miles

  • Sonesta Select Detroit Auburn Hills

    6.36 miles

  • Holiday Inn Express & Suites

    6.40 miles

  • Hampton

    6.88 miles

  • Baldwin Cafe

    0.05 miles

  • Carrie Lee’s

    0.23 miles

  • Bad Brads BBQ

    0.43 miles

  • Johnny Black's Public House

    0.56 miles

  • Bangkok Pad Thai

    0.60 miles

  • Sushi Yeoubi

    0.62 miles

  • Iris Cafe Restaurant

    0.64 miles

  • Kings Court Castle Restaurant

    1.55 miles

  • Panera Bread

    1.77 miles

  • Taco Bell

    1.82 miles

  • Waldon Middle School

    0.82 miles

  • Carpenter Elementary School

    1.18 miles

  • Shalom Baptist Church School

    1.66 miles

  • Webber Elementary School

    1.94 miles

  • Moose Tree Nature Preserve School

    2.08 miles

  • Orion Oaks Elementary School

    2.36 miles

  • North Sashabaw Elementary School

    2.78 miles

  • Sashabaw Middle School

    2.80 miles

  • Divine Grace Lutheran School

    3.22 miles

  • Pine Tree Elementary School

    3.49 miles

  • The Breakie Bunch

    4.63 miles

  • Children's Choice Learning Center

    5.50 miles

  • Lowry Childcare Center

    6.74 miles

  • Bright Horizons at St. Joseph Mercy Hospital Oakland

    8.74 miles

  • KinderCare

    9.62 miles

Frequently Asked Questions

What is the lease rate for Lake Orion Medical?

Rental asking rate at Lake Orion Medical is $575,000.00/YR.

What is the total square footage of Lake Orion Medical?

Lake Orion Medical totals 3,641 square feet.

When was this property built?

Lake Orion Medical was built in 1976.

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Contact Listing Broker

broker

Steven Silverman

Friedman Real Estate

(248) 324-2000