158 Cesar E Chavez Ave Pontiac, MI 48342
Office building with stable income and redevelopment potential in Pontiac.
Source:
Nmrk
Listing Agent: Daniel Canvasser
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Pontiac Office Building For Sale
This property offers stable income with existing leases; one expiring on March 31, 2028, and another on June 30, 2029. The buyer has the option to assume CMBS debt from the seller, with monthly payments of $99,492.69 at an interest rate of 5.65%, maturing in August 2028. As of December 31, 2024, the loan balance is $10,455,070. New ownership has the opportunity to redevelop the property through capital improvements. The city's incentive programs are bringing new infrastructure, living spaces, and businesses to the community. Located in Pontiac, Oakland County, approximately 20 miles north of Detroit, the property is positioned for business growth and investment. The city is undergoing economic revitalization, enhancing the downtown area with new dining, shopping, and entertainment options. Situated within a half mile of Woodward Ave and close to highways M-59 and I-75, the property is just 30 minutes from Downtown Detroit. The surrounding area hosts nationally recognized tenants and Fortune 500 companies. Public transportation, restaurants, and shopping are conveniently located nearby.
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Pontiac
- County
- Oakland
- State
- Michigan
- Longitude
- -83.297358
- Latitude
- 42.643845
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FAQs
What type of property is this?
Office building - Office building with stable income and redevelopment potential in Pontiac.
Where is this office building located?
The property is located at 158 Cesar E Chavez Ave Pontiac, MI.
What are key features of this property?
This property features: - Stable income from existing leases (OLHSA expiring March 31, 2028 and PAE expiring June 30, 2029).; - Opportunity to assume CMBS debt with a 5.65% interest rate, monthly payments of $99,492.69, and maturity in August 2028 (current balance $10,455,070 as of December 31, 2024).; - Redevelopment opportunity to create a new market position through capital improvements, leveraging Pontiac's revitalization and incentive programs.