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Mixed-Use Building in Downtown Pontiac

21 N Saginaw St, Pontiac, MI 48342

For Sale
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Multi-family mixed-use building in up-and-coming Downtown Pontiac.

Property Size7,500 SF
Price / SF$96.67
Days on Market837

Property Features for 21 N Saginaw St

General Information

Standard status Active
Size 7,500 SF
Class C
Property subtype Multifamily
Investment Type Stabilized
Net Operating Income $54,985

Building Details

Year Built 1920
Year Renovated 2018
Buildings 1
Stories 3
Units 5
Listing Agency: Pike Street Properties
Listed By: Loren Guzik · License #481-012651
Source: Crexi
Added: Jul 26, 2024 Changed: Nov 8 Last Checked: Nov 8 at 6:57AM

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 Pike Street Properties

Rey
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Investment Insights

Based on property information with market context.

This is an investment opportunity to own a multi-family mixed-use building located in Downtown Pontiac. The building features a new roof and new windows on the facade. The units have been remodeled. The second floor contains a full-floor unit. The building is fully rented with solid demand. It is located across from the Strand Theatre and minutes from the upcoming Oakland HQ, which is across from the 100-unit redevelopment of the Oakland Town Center. The property size is 7500 square feet.

Key Highlights

  • Fully rented building in up‑and‑coming Downtown Pontiac
  • Live in an owner's unit for free while renting out the rest of the building
  • Recent upgrades include a complete roof tear‑off and new facade windows

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Life Triage Consultant JesMia Lofts Apartment Building Electric Love Tattoo Tattoo & Piercing Shop

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,206
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Multifamily properties in Pontiac, MI

$124 Jul
$137 Aug
$136 Sep
$155 Oct

Properties on Market for Multifamily properties in Pontiac

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Multi-family mixed-use building in up-and-coming Downtown Pontiac.
Where is this multifamily property located?
The property is located at 21 N Saginaw St Pontiac, MI.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Fully rented building in up‑and‑coming Downtown Pontiac; Live in an owner's unit for free while renting out the rest of the building; Recent upgrades include a complete roof tear‑off and new facade windows
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