694-722 W Huron, Pontiac, MI 48341
10-unit retail plaza with high-income liquor store for sale.
- Added:
- Jun 13, 2024
- Days on Market:
- 735
- Last Refresh:
- May 12 at 9:44 pm
Property Features for 694-722 W Huron
General Information
- Standard status
- Active
- Size
- 11,741 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1948
Listing agent Mays Al Raheem
Listing office Century 21 Professionals Sterling Heights (586) 274-1111
Listing date Jun 13, 2024
Source Xome
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 Century 21 Professionals Sterling Heights
HighLights
- High store income: $50,000 per week
- Substantial monthly unit income: $18,600
- Additional income streams from Lotto, ATM, and check cashing
- Includes a liquor store
- Equipped with 30 walking coolers
- Commercial zoning
Overview
Local Financial Insights For Specialty Retail
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 | $253.6k | $21.60 |
| − Vacancy | −$17.2k | −$1.47 |
| EGI | $236.4k | $20.13 |
| − OpEx | −$59.1k | −$5.03 |
| NOI | $177.3k | $15.10 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Pontiac
- County
- Oakland
- State
- Michigan
- Longitude
- -83.3184131
- Latitude
- 42.6357784
