Industrial Flex Building with
451 E Wilson Street Pontiac, MI 48341
451 E Wilson Street, Pontiac, MI, 48341
$3,995,000
For Sale
$3,995,000
COMMERCIAL - Pontiac, MI
Property Size46,461 SF
Lot Size2.14 Acres
Price / SF$85.99
Days on Market838
Property Features for 451 E Wilson Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 14-33-435-017
- Size
- 46,461 SF
- Lot size
- 2.14 Acres
Utilities
- Water source
- Public
Building Details
- Year built
- 1970
Listing Agency
Pilot Property Group - Residential LLC
(586) 254-0900
38600 Van Dyke Ste 325, Shelby Twp, MI
Listed by
Alexander Termini · License #6501392648
(586) 291-0499
Added: Apr 4, 2024 Updated: Jun 3 at 5:41 pm Checked: Jul 20 at 4:06 pm
MLS# 50137705
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Investment Insights
Based on property information with market context.
This industrial flex building includes remodeled offices and bathrooms, along with a freshly painted interior covering both office and shop areas. The shop is supported by an 8-inch reinforced concrete floor that was freshly poured, and it features 2-inch spray foam insulation throughout the shop area. New LED lighting has been installed in the shop, and heavy bus duct electrical and air lines are run throughout the shop. Overhead support is provided by seven cranes ranging from 5 ton to 50 ton, including a 10 ton auxiliary, with an interior ceiling height reported at 25 to 35 feet under hook.
Exterior improvements include a new roof with skylights and gutters, as well as a freshly painted exterior. The building has four bay doors in total, including one oversized 18 by 20-foot door and three 14 by 12-foot doors, each with newer door openers. An oil/water separator serves interior drains, and the building is secured with cameras, an alarm, and key card access. The property also includes an exterior area with 8-inch reinforced concrete and a paved material bin pads, plus a brand new 12-inch thick decorative screen brick wall.
For operators seeking an onsite manufacturing or heavy-use workspace, this facility offers substantial overhead lifting capacity, updated lighting and insulation, and multiple loading doors to support day-to-day logistics. Office space has been improved as well, and additional storage is provided via a 2,000 SF storage building and outside storage permitted for vehicles. The sale terms also reference two waste oil burners that are negotiable with the purchase.
Exterior improvements include a new roof with skylights and gutters, as well as a freshly painted exterior. The building has four bay doors in total, including one oversized 18 by 20-foot door and three 14 by 12-foot doors, each with newer door openers. An oil/water separator serves interior drains, and the building is secured with cameras, an alarm, and key card access. The property also includes an exterior area with 8-inch reinforced concrete and a paved material bin pads, plus a brand new 12-inch thick decorative screen brick wall.
For operators seeking an onsite manufacturing or heavy-use workspace, this facility offers substantial overhead lifting capacity, updated lighting and insulation, and multiple loading doors to support day-to-day logistics. Office space has been improved as well, and additional storage is provided via a 2,000 SF storage building and outside storage permitted for vehicles. The sale terms also reference two waste oil burners that are negotiable with the purchase.
Key Highlights
- Shop includes 7 cranes totaling 5 to 50 tons, with 10‑ton auxiliary; ceiling height 25‑35 ft under hook
- Shop has a freshly poured 8‑inch reinforced concrete floor and 8‑inch reinforced concrete around the building exterior
- Interior improvements include remodeled offices and bathrooms, freshly painted office and shop, and new LED lighting throughout the shop
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $341.5k | $7.35 |
| − Vacancy | −$12.6k | −$0.27 |
| EGI | $328.9k | $7.08 |
| − OpEx | −$49.3k | −$1.06 |
| NOI | $279.5k | $6.02 |
46,461 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$6.86M
$6.01M – $8.01M
NOI $480,537 @ 7.0% cap · market cap 12.03%
Second Best
Warehouse
$3.99M
$3.49M – $4.66M
NOI $279,525 @ 7.0% cap · market cap 7.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- King's Cakes & Catering — 743 Auburn Ave, Pontiac, MI 48342
FAQs
What type of property is this?
Flex space - Remodeled office and production areas with reinforced floors, insulation, new LED lighting, and multiple overhead cranes.
Where is this flex space 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: Shop includes 7 cranes totaling 5 to 50 tons, with 10‑ton auxiliary; ceiling height 25‑35 ft under hook; Shop has a freshly poured 8‑inch reinforced concrete floor and 8‑inch reinforced concrete around the building exterior; Interior improvements include remodeled offices and bathrooms, freshly painted office and shop, and new LED lighting throughout the shop