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Industrial Flex Building with Cranes

451 E Wilson Street Pontiac, MI 48341

Claim this Listing
For Sale
$3,995,000

COMMERCIAL - Pontiac, MI

Property size:
46,461 SF
Lot size:
2.14 Acres
Price / SF:
$85/SF
Added:
Apr 4, 2024
Days on Market:
830
Last Refresh:
Jul 12 at 3:06 am

Property Features for 451 E Wilson Street

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
14-33-435-017
Size
46,461 SF
Lot size
2.14 Acres

Utilities

Water source
Public

Building Details

Year built
1970

Listing agent Alexander Termini License #6501392648

Listing office Pilot Property Group - Residential LLC 38600 Van Dyke Ste 325, Shelby Twp, MI

Listing date Apr 4, 2024

MLS# 50137705

Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This industrial flex building includes remodeled offices and bathrooms, along with a freshly painted interior covering both office and shop areas. The shop is supported by an 8-inch reinforced concrete floor that was freshly poured, and it features 2-inch spray foam insulation throughout the shop area. New LED lighting has been installed in the shop, and heavy bus duct electrical and air lines are run throughout the shop. Overhead support is provided by seven cranes ranging from 5 ton to 50 ton, including a 10 ton auxiliary, with an interior ceiling height reported at 25 to 35 feet under hook.

Exterior improvements include a new roof with skylights and gutters, as well as a freshly painted exterior. The building has four bay doors in total, including one oversized 18 by 20-foot door and three 14 by 12-foot doors, each with newer door openers. An oil/water separator serves interior drains, and the building is secured with cameras, an alarm, and key card access. The property also includes an exterior area with 8-inch reinforced concrete and a paved material bin pads, plus a brand new 12-inch thick decorative screen brick wall.

For operators seeking an onsite manufacturing or heavy-use workspace, this facility offers substantial overhead lifting capacity, updated lighting and insulation, and multiple loading doors to support day-to-day logistics. Office space has been improved as well, and additional storage is provided via a 2,000 SF storage building and outside storage permitted for vehicles. The sale terms also reference two waste oil burners that are negotiable with the purchase.

Key Highlights

  • Shop includes 7 cranes totaling 5 to 50 tons, with 10‑ton auxiliary; ceiling height 25‑35 ft under hook
  • Shop has a freshly poured 8‑inch reinforced concrete floor and 8‑inch reinforced concrete around the building exterior
  • Interior improvements include remodeled offices and bathrooms, freshly painted office and shop, and new LED lighting throughout the shop

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $341.5k $7.35
− Vacancy −$12.6k −$0.27
EGI $328.9k $7.08
− OpEx −$49.3k −$1.06
NOI $279.5k $6.02
46,461 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 15.00%

Alternative Uses

Best Use
Flex RnD
$6.86M
$6.01M – $8.01M (±1% cap)
NOI $480,537 @ 7.0% cap · market cap 12.03%
Second Best
Warehouse
$3.99M
$3.49M – $4.66M (±1% cap)
NOI $279,525 @ 7.0% cap · market cap 7.00%
Theoretical Best
Specialty Retail
$10.02M
$8.77M – $11.69M (±1% cap)
NOI $701,487 @ 7.0% cap · market cap 17.56%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Flex space

Similar Off Market Nearby

  • Big Tim's Eatery — 542 Nebraska Ave, Pontiac, MI 48341

FAQs

What type of property is this?
Flex space - Remodeled office and production areas with reinforced floors, insulation, new LED lighting, and multiple overhead cranes.
Where is this flex space located?
The property is located at 451 E Wilson Street Pontiac, MI.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: Shop includes 7 cranes totaling 5 to 50 tons, with 10‑ton auxiliary; ceiling height 25‑35 ft under hook; Shop has a freshly poured 8‑inch reinforced concrete floor and 8‑inch reinforced concrete around the building exterior; Interior improvements include remodeled offices and bathrooms, freshly painted office and shop, and new LED lighting throughout the shop
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