3 Story Office / Retail with Parking Lots

Office for Sale
Also listed as Retail-Commercial, Multi-Family
Catylist Listing ID: 30169512
Property Subtypes: Office Building
Building Size (RSF): 23,832 SF
Gross Building Area: See Agent
Gross Land Area: 0.58 - 579 SF
Sale Price: $650,000
Unit Price: $27.27 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Class of Space: Class C
Core Factor: 15%
Sale Terms: Purchase Money Mortgage
Last Updated: 11/29/2017

Overview / Comments

• Three-story office building located just north of West Huron (M-59) and south of the upper Woodward Loop in downtown Pontiac. The sale includes the Perry Street parking lot and a side parking lot adjacent to University Drive.
• Lower and street level have immediate access to parking lot.
• Each level consists of 7,944 square feet.
• Lower level is useable former office space that with entry from the Perry Street parking lot.
• Main level on North Saginaw Street has four entrance doors and is very conducive to retail or office and multi-family residential on upper floor.
• The upper level contains two open areas that can be combined. This space lends itself to an office or a possible loft-style apartment conversion due to window potential (see rendering).
• There is an existing service elevator to the 2nd floor.
• Close to 50th District Court and many other downtown businesses.
• Metered street-level parking.

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $12,171 (Annual)

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Pontiac
Tax ID/APN: 14-29-426-012; 14-29-426-013
Property Located Between: University Dr. and Lafayette St.
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 7,944 SF
Year Built: 1978
Roof Type: Flat
Parking Type: Surface
Total Parking Spaces: 50
Lot Frontage: 90'

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,123 90,120 182,069
Median Age: 33.65 36.03 39.16
Households: 5,206 35,629 71,644

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