Strip Mall with Vacant
New
For Sale
$2,993,392
1820 Perry St, Pontiac, MI 48340
The center includes established service and early-childhood tenants alongside vacant space for lease-up.
Property Size31,828 SF
Lot Size4.11 Acres
Price / SF$94.05
Days on Market2
Property Features for 1820 Perry St
General Information
Standard status
Active
Size
31,828 SF
Lot size
4.11 Acres
Property subtype
Shopping Strip
Additional Details
Cap Rate
7.72%
Anchor Co-Tenants
Oakland County Michigan Works! One Stop Service Center, Early Childhood Development Center
Amenities
Oakland County Michigan Works! One Stop Service Center anchors the property and accounts for 46% of total rental income | Managed by Goodwill of Greater Detroit | Operating since 2018
Early Childhood Development Center has more than 7.5 years of lease term remaining
Approximately 1.7 miles from two Interstate 75 interchanges with traffic counts of 125,910 vehicles per day
Positioned on the border of Auburn Hills, a sought after, attractive market of the Detroit MSA | One of Metro Detroit's leading corporate and automotive employment hubs, home to Stellantis, BorgWarner and numerous automotive and technology companies
Surrounded by major corporate headquarters, engineering facilities, manufacturing operations and distribution centers
Sixteen hotels are located within a three-mile radius, supporting consistent business travel and corporate demand
Average household income of $108,141 within five miles
Building Details
Building Size
31,828 SF
Year Built
2009
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Detroit
(630) 570-2261
Listed By:
Phoebe Klein Klein · License #License(s): IL: 475.208946
(630) 570-2261
Source:
Marcusmillichap
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 16 at 6:56AM
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 Marcus & Millichap - Detroit
Investment Insights
Based on property information with market context.
Built in 2009, this 31,828-square-foot strip mall occupies 4.11 acres and combines leased service-oriented space with approximately 10,000 square feet of vacancy. The property includes an Early Childhood Development Center under a net lease with more than 7.5 years remaining and two five-year renewal options. A service center tenant has occupied its space since 2018 and retains one three-year renewal option.
The center fronts Perry Street in Pontiac and sits 1.7 miles from two Interstate 75 interchanges. It is positioned within an established business and industrial corridor surrounded by corporate headquarters, manufacturing facilities, distribution centers, and 16 hotels within three miles. Oakland University and Baker College of Auburn Hills are also nearby, with daytime population and five-mile demographic data supporting the surrounding commercial context.
The center fronts Perry Street in Pontiac and sits 1.7 miles from two Interstate 75 interchanges. It is positioned within an established business and industrial corridor surrounded by corporate headquarters, manufacturing facilities, distribution centers, and 16 hotels within three miles. Oakland University and Baker College of Auburn Hills are also nearby, with daytime population and five-mile demographic data supporting the surrounding commercial context.
Key Highlights
- 31,828‑square‑foot strip mall on a 4.11‑acre site
- Approximately 10,000 square feet of vacant space
- Early Childhood Development Center has more than 7.5 years of lease term remaining
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,244
Businesses Nearby
Explore this area
Business Placement
Demographics for 48340, MI
26,039
Population
12,154
Households
2.1
Avg Household Size
33
Median Age
15%
College-Educated
82%
High-School Grad
7.7 sq mi
ZIP Area
3,382
Density / Sq Mi
$46,474
Median Household Income
$32,954
Median Earnings
$1,096
Median Rent
$105,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - The center includes established service and early-childhood tenants alongside vacant space for lease-up.
Where is this strip mall located?
The property is located at 1820 Perry St Pontiac, MI.
What is the asking price?
The asking price for this property is $2,993,392.
What are key features of this property?
This property features: 31,828‑square‑foot strip mall on a 4.11‑acre site; Approximately 10,000 square feet of vacant space; Early Childhood Development Center has more than 7.5 years of lease term remaining
