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    Pontiac Industrial Facility with Cranes Title is generated by Realmo AI

    451 E Wilson, Pontiac, MI 48341

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    For Sale
    $3,995,000

    Remodeled industrial facility featuring heavy crane capacity and updated features.

    Type:Industrial
    Property size:
    46,461 SF
    Price / SF:
    $85/SF
    Added:
    Apr 3, 2024
    Days on Market:
    820
    Last Refresh:
    May 12 at 9:27 pm

    Property Features for 451 E Wilson

    General Information

    Standard status
    Active
    Size
    46,461 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1970

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    Alexander Termini

    Listing office Pilot Property Group

    Listing date Apr 3, 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 Pilot Property Group

    HighLights

    • Multiple heavy‑duty cranes (5 to 50 ton) with 10‑ton auxiliary, and 25‑35 ft under hook ceiling height.
    • Reinforced concrete floors (8‑inch interior, 8‑inch exterior) and paved material bin pads.
    • New roof, skylights, gutters, and freshly painted exterior.
    • Remodeled offices and bathrooms with freshly painted interior.
    • Security system with cameras, alarm, and key card access.
    • Oversized (18x20ft) and standard (14x12ft) newer bay doors with openers.

    Overview

    This industrial facility features remodeled offices and bathrooms, along with a freshly painted interior in both the office and shop areas. The shop floor has been updated with freshly poured 8-inch reinforced concrete. New LED lighting has been installed throughout the shop area, which also benefits from 2-inch spray foam insulation. The shop is equipped with heavy buss duct electrical and air lines. Crane capacity is provided by 7 cranes ranging from 5 to 50 tons, each with a 10-ton auxiliary. Security features include cameras, an alarm system, and key card access throughout the building. An oil/water separator is in place for all interior drains. The property includes 2 waste oil burners that are negotiable with the sale. Exterior improvements include a new roof, skylights, and gutters, along with a freshly painted exterior. There are 4 newer bay doors with openers, including one oversized 18x20ft door and three 14x12ft doors. A new 12-inch thick decorative screen brick wall has been added. Paved material bin pads are present, along with a 2,000 SF storage building and an outside storage permit for vehicles. The building is surrounded by 8-inch reinforced concrete. Ceiling height in the shop area ranges from 25 to 35 ft under hook. The property is located in Pontiac, MI.

    Local Financial Insights For Industrial

    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 −$98.7k −$2.12
    NOI $230.2k $4.95
    46,461 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 30.00%

    Alternative Uses

    Best Use
    Industrial
    $3.29M
    $2.88M – $3.84M (±1% cap)
    NOI $230,197 @ 7.0% cap · market cap 5.76%
    Second Best
    —
    —
    no second resolved use
    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 Profile Location Intelligence

    Current Use by Public Records

    Denek Contracting Inc. General Contractor

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pontiac
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2701654
    Latitude
    42.6250126

    FAQs

    What type of property is this?
    Manufacturing property - Remodeled industrial facility featuring heavy crane capacity and updated features.
    Where is this manufacturing property located?
    The property is located at 451 E Wilson 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: Multiple heavy‑duty cranes (5 to 50 ton) with 10‑ton auxiliary, and 25‑35 ft under hook ceiling height.; Reinforced concrete floors (8‑inch interior, 8‑inch exterior) and paved material bin pads.; New roof, skylights, gutters, and freshly painted exterior.
    More about this property
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