Manufacturing Facility With
451 E Wilson Street, Pontiac, MI 48341
For Sale
$3,995,000
COM/IND/BUS OPP, Pontiac, MI
Property Size46,461 SF
Lot Size2.14 Acres
Price / SF$85.99
Days on Market950
Property Features for 451 E Wilson Street
General Information
Property type
Property subtype
Zoning description
Subdivision
Standard status
APN
Size
Lot size
Utilities
Water source
Amenities
Security system with cameras, alarm, and key card access
Building Details
Year built
Listing Agency:
Pilot Property Group - Residential LLC
(586) 254-0900
Listed By:
Alexander Termini · License #6501392648
(586) 291-0499
Added: Apr 4, 2024
Changed: Oct 6
Last Checked: Nov 9 at 5:06AM
MLS# 50137705
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 46,461-square-foot manufacturing facility at 451 E Wilson Street includes remodeled offices and bathrooms, a freshly painted shop, and a newly poured 8-inch reinforced concrete floor. Shop improvements include LED lighting, 2-inch spray foam insulation, heavy bus duct electrical service, distributed air lines, and seven cranes ranging from 5 tons to 50 tons, including a 10-ton auxiliary. Ceiling height under hook ranges from 25 to 35 feet.
Exterior improvements include a new roof, skylights, gutters, and four newer bay doors with openers. Door sizes include one 18-by-20-foot oversized opening and three 14-by-12-foot openings. The 2.14-acre property also features paved material bin pads, an 8-inch reinforced concrete perimeter, a 2,000-square-foot storage building, and an outside storage permit for vehicles. Security cameras, an alarm, key-card access, and an oil/water separator serving interior drains are in place. Public water serves the property.
Exterior improvements include a new roof, skylights, gutters, and four newer bay doors with openers. Door sizes include one 18-by-20-foot oversized opening and three 14-by-12-foot openings. The 2.14-acre property also features paved material bin pads, an 8-inch reinforced concrete perimeter, a 2,000-square-foot storage building, and an outside storage permit for vehicles. Security cameras, an alarm, key-card access, and an oil/water separator serving interior drains are in place. Public water serves the property.
Key Highlights
- 46,461‑square‑foot manufacturing facility on 2.14 acres
- Seven cranes ranging from 5 tons to 50 tons, with a 10‑ton auxiliary
- 25‑35 feet of ceiling height under hook
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$230,197
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,603,940
$4.6M
Cap Rate 7%
$3,288,529
$3.3M
Cap Rate 9%
$2,557,744
$2.6M
Market Conditions
NOI Build-Up for 46,461 SF
Gross rent
$341.5K $7.35/SF
− Vacancy
−$12.6K −$0.27/SF
EGI
$328.9K $7.08/SF
− OpEx
−$98.7K −$2.12/SF
NOI
$230.2K $4.95/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,603,940
Cap Rate 7%
$3,288,529
Cap Rate 9%
$2,557,744
Alternative Uses
Best Use
Industrial
$3.29M
$2.88M – $3.84M
NOI $230,197 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.02M
$8.77M – $11.69M
NOI $701,487 @ 7.0% cap · market cap 17.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
Explore this area
Business Placement
Demographics for 48341, MI
16,980
Population
8,601
Households
2
Avg Household Size
38
Median Age
24%
College-Educated
86%
High-School Grad
6.7 sq mi
ZIP Area
2,534
Density / Sq Mi
$46,185
Median Household Income
$34,200
Median Earnings
$917
Median Rent
$124,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Manufacturing properties in Oakland County, MI
Properties on Market for Manufacturing properties in Oakland County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial facility with upgraded production areas, overhead lifting equipment, multiple loading doors, and secured site access.
Where is this manufacturing property located?
The property is located at 451 E Wilson Street Pontiac, MI.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: 46,461‑square‑foot manufacturing facility on 2.14 acres; Seven cranes ranging from 5 tons to 50 tons, with a 10‑ton auxiliary; 25‑35 feet of ceiling height under hook
