Bring Your Business Downtown

lake orion’s downtown District

  

 Are you interested in opening a business in downtown Lake Orion? The DDA is here to help! For new businesses, check out this to-do list from the Small Business Administration: 10 Steps to Starting a Business.

 

Doing Business in Dowtown LO

2018, the community invested in Downtown in the following ways:

  • Over $2.2 million in private investment
  • 6 buildings rehabilitated and/or renovated
  • 6 new businesses opened
  • 33 new jobs
  • 3,469 volunteer hours donated
  • 42 special events

Curently, 82% of our downtown businesses have been here longer than 5 years. 15 businesses have located their second or more location in Downtown Lake Orion. There are approximately 164 businesses within the district and several new residential developments being built.

For 2019, these are notable current projects under development:

  • 120 S. Broadway is a $7.1 Million mixed-use, four-story building.  It will have 5,565 Square feet of street-level commercial space and 24 new market-rate residential units.
  • 102 S. Broadway is a $ 400,000 development for an 8,863 square foot  Restaurant with a 1,777 sq ft rooftop bar.
“Lake Orion is a great place to have a business. I have seen a lot of positive changes over the last 10 years and think the future looks bright. I’m proud to be a part of this community”.
Dia Zaraga, owner of Sagebrush Cantina (listed as one of the top 10 taco bars in Michigan)

Speaking of Market Research…

Our typical customer has a median age of 40 and an average income of $100,389.  The majority of psychographic profiles covered by our customers are Soccer Moms, Savvy Suburbanites, and Professional Pride. 

(This information is based upon a zip-code study conducted in Downtown Lake Orion in the Fall of 2016. Customers predominantly live along M-24. Profiles pulled from 48362, 48360, and 48371). For more detailed information contact our office.

Meet Lori, our typical downtown shopper. She is…

Neighborly

Lives along the M-24 corridor between Auburn Hills and Lapeer and contributes to the vibrant, close-knit nature of Lake Orion.

Handy

Enjoys do-it-yourself projects, but contracts out bigger jobs.

Family-Oriented

Loves family and life revolves around staying connected with them.

Adventurous

Appreciates the opportunity to experience a stimulating destination so close to home.

Tech Savvy

Is a regular user of Facebook, Instagram, Snapchat and/or Twitter to stay connected with friends and learn about area happenings.

Health-Conscious

Maintains a happy and healthy lifestyle for self and family.

Active
Engages in various social activities and events within the community.

Dynamic

Successful and hardworking, not to mention passionately charismatic.

 

 

One Stop Shop

Oakland County Small Business Development Center

We also highly recommend contacting the Oakland County One Stop Shop Business Center.  They offer monthly classes on starting a business, writing a business plan, microloan programs, and more.  Click the link to find out more! Also available through the Oakland County One Stop Shop is property and zoning information as well as other market research.

Ready To Join Us As A Downtown Business?

When you’re ready to talk with someone about bringing your business into downtown Lake Orion, call our office (248-693-9742) and schedule an appointment with our Executive Director, Molly LaLone. She’ll help get you started!

 Our purpose is to create an environment in which businesses, people and organizations can thrive.