Two-Story Mixed-Use
For Sale
$995,000
71 W Huron St, Pontiac, MI 48342
Former bank property with elevator service, dedicated parking, and retail-office flexibility.
Property Size12,600 SF
Price / SF$78.97
Days on Market502
Property Features for 71 W Huron St
General Information
Standard status
Active
Size
12,600 SF
Total Parking Spaces
16
Elevators
Yes
Property subtype
Retail
Zoning
B-C-2
Additional Details
Corner Location
Yes
Amenities
signage
Building Details
Building Size
12,600 SF
Year Built
1940
Buildings
1
Stories
2
Listing Agency:
Pilot Property Group
(586) 337-5241
Listed By:
James Diehl · License #6501368863
(586) 337-5241
Source:
Cpix.resimplifi
Added: Apr 17, 2025
Changed: Aug 29
Last Checked: Aug 29 at 2:02PM
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
Investment Insights
Based on property information with market context.
This two-story mixed-use property was built in 1940 as a bank and contains 12,600 square feet of building area. The layout supports both retail and office functions, with an elevator serving the building and dedicated parking on site. A basement provides additional space beyond the stated building area.
The property occupies the corner of Huron and Woodward in Pontiac, with prominent signage opportunities at the intersection. B-C-2 zoning accompanies the existing commercial improvements and mixed-use configuration.
The property occupies the corner of Huron and Woodward in Pontiac, with prominent signage opportunities at the intersection. B-C-2 zoning accompanies the existing commercial improvements and mixed-use configuration.
Key Highlights
- 12,600‑square‑foot, two‑story former bank building
- B‑C‑2 zoning
- Elevator‑equipped building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,376
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$867,520
$867.5K
Cap Rate 7%
$619,657
$619.7K
Cap Rate 9%
$481,956
$482.0K
Market Conditions
NOI Build-Up for 12,600 SF
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.
Gross rent
$75.6K $6.00/SF
− Vacancy
−$17.8K −$1.41/SF
EGI
$57.8K $4.59/SF
− OpEx
−$14.5K −$1.15/SF
NOI
$43.4K $3.44/SF
Area
Oakland County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$867,520
Cap Rate 7%
$619,657
Cap Rate 9%
$481,956
Alternative Uses
Best Use
Retail
$1.94M
$1.69M – $2.26M
NOI $135,581 @ 7.0% cap · market cap 13.63%
Second Best
Mixed Use
$1.82M
$1.59M – $2.13M
NOI $127,575 @ 7.0% cap · market cap 12.82%
Theoretical Best
Specialty Retail
$2.72M
$2.38M – $3.17M
NOI $190,240 @ 7.0% cap · market cap 19.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,218
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 Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Former bank property with elevator service, dedicated parking, and retail-office flexibility.
Where is this mixed-use property located?
The property is located at 71 W Huron St Pontiac, MI.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 12,600‑square‑foot, two‑story former bank building; B‑C‑2 zoning; Elevator‑equipped building
