Listing Agency: DIRT Realty b**@dirtrealty.com Show Phone

Listed By: Bob Waun · License #6502430911

Source: Crexi

Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 10:40PM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DIRT Realty

Investment Insights

Based on property information with market context.

This commercial property at 10 W Pike St in Pontiac, Michigan, is occupied by a licensed cannabis dispensary under a full-building lease. The existing tenancy provides an established operating arrangement for the property.

The building is positioned in downtown Pontiac near night clubs and outdoor concert activity. The property is identified as being within an Opportunity Zone, and the stated cap rate is 11.2%.

Key Highlights

• Fully leased to a licensed cannabis dispensary
• 11.2 cap rate
• 10 W Pike St, Pontiac, MI 48342

Property Analytics

Property Profile

Current Use

Catalyst Management Group Construction Company

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,206

Businesses Nearby

Explore this area Business Placement

Demographics for 48342, MI

18,685

Population

7,559

Households

2.5

Avg Household Size

33

Median Age

10%

College-Educated

76%

High-School Grad

5.2 sq mi

ZIP Area

3,593

Density / Sq Mi

$33,750

Median Household Income

$29,970

Median Earnings

$851

Median Rent

$90,600

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this cannabis properties located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Strip Mall with Vacant Space

1820 Perry St, Pontiac, MI 48340

$2,993,392

31,828 SF

View details

Multi-Use Commercial Building with Apartment

W 358 W Huron Street Unit SourceFi, Pontiac, MI 48341

$499,900

4,433 SF

View details

18-Unit Apartment Building

51 SPOKANE Drive, Pontiac, MI 48341

$1,900,000

12,746 SF

View details

Flex Space with Drive-In Garage

1331 BALDWIN AVE, Pontiac, MI 48340

$300,000

585 SF

View details

Single-Story Flex Space

1331 Baldwin Avenue, Pontiac, MI 48340

$300,000

585 SF

View details

Church Property with Finished Lower Level

1196 Joslyn Avenue, Pontiac, MI 48340

$350,000

2,200 SF

View details

Turnkey Free-Standing Office Building

2409 Voorheis St, Pontiac, MI 48341

$200,000

972 SF

View details

Townhouse-Style Apartment Building

25 Maynard Ct, Pontiac, MI 48342

$1,950,000

10,886 SF

View details

Retail Space in Pontiac

6 N Saginaw St, Pontiac, MI 48342

$350,000

7,184 SF

View details

Two-Unit Duplex with Separate Utilities

132 E Howard Street, Pontiac, MI 48342

$189,999

1,600 SF

View details

Duplex with Separate Utilities

344 N Perry Street, Pontiac, MI 48342

$150,000

1,586 SF

View details

Turnkey Corner Office Building

2409 Voorheis Street Unit SourceFi, Pontiac, MI 48341

$200,000

972 SF

View details

Frequently Asked Questions

What type of property is this?

Cannabis property - Occupied by a licensed dispensary under a full-building lease in downtown Pontiac.

Where is this cannabis property located?

The property is located at 10 W Pike St Pontiac, MI.

What are key features of this property?

This property features: Fully leased to a licensed cannabis dispensary; 11.2 cap rate; 10 W Pike St, Pontiac, MI 48342