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    79 Elizabeth Lake Rd Pontiac, MI 48341

    Sponsored
    For Sale
    $315,000

    Large Industrial Building, Needs Repairs, Great Potential

    Property size:
    18,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    342
    This expansive 18,000 square foot industrial building sits on a generous 1.72-acre lot in Pontiac, Michigan. Currently enjoying a tax-exempt status, the property offers significant potential for redevelopment or repurposing. The building features a substantial interior space, currently configured with twelve classrooms or offices, suitable for a variety of uses. Additional amenities include a sizable kitchen and dining area, capable of accommodating a large number of people. The building is designed to comfortably seat 150-175 individuals. A paved parking area provides ample space for vehicles. Outdoor amenities include a playground. The building is constructed on a concrete slab and features central air conditioning. However, prospective buyers should be aware that the roof requires replacement, and the property requires additional repairs and renovations. This presents a unique opportunity for an investor or business owner seeking a large-scale property in need of modernization. The property's size, location, and existing infrastructure offer a strong foundation for a variety of future projects. The 1.72-acre lot provides ample space for expansion or outdoor activities. Serious inquiries only.

    Property Features for 79 Elizabeth Lake Rd

    General Information

    Property type
    Industrial properties
    Square Feet
    18,000 SF
    Lot Size
    74,923 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Word of Life Christian ... Church

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Pontiac
    County
    Oakland
    State
    Michigan
    Longitude
    -83.31239
    Latitude
    42.64041

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    FAQs

    What type of property is this?
    Industrial property - Large Industrial Building, Needs Repairs, Great Potential
    Where is this industrial property located?
    The property is located at 79 Elizabeth Lake Rd Pontiac, MI.
    What is the asking price?
    The asking price for this property is $315,000.
    (586) 254-6800
    Request Owner's contact information
    79 Elizabeth Lake Rd Pontiac, MI 48341
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    Pontiac, MI 48341
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    79 Elizabeth Lake Rd Pontiac, MI 48341
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