Pontiac Office Building For
For Sale
Contact for pricing
158 Cesar E Chavez Ave, Pontiac, MI 48342
Office building with stable income and redevelopment potential in Pontiac.
Property SizeContact for details
Days on Market205
Property Features for 158 Cesar E Chavez Ave
General Information
Standard status
Active
Property subtype
Office
Listing Agency:
Newmark Knight Frank Detroit
(248) 350-8141
Listed By:
Daniel Canvasser
Source:
Nmrk
Added: Jan 27
Changed: Aug 8
Last Checked: Apr 5 at 11:30PM
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 Newmark Knight Frank Detroit
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,123
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
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Frequently Asked Questions
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.
