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: 6/29/2018

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.


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


The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.