Restaurant Space with Outdoor
For Sale
Contact for pricing
51 N Saginaw St, Pontiac, MI 48342
For sale on N Saginaw St: restaurant retail space with full kitchen and outdoor patio seating.
Property Size5,892 SF
Price / SF$0.00
Days on Market222
Property Features for 51 N Saginaw St
General Information
Standard status
Active
Size
5,892 SF
Property subtype
Retail
Zoning
C-2
Building Details
Building Size
5,892 SF
Listing Agency:
Team CORE
Listed By:
Philip A Wojtowicz · License #6502365888
(248) 408-2754
Source:
Cpix.resimplifi
Added: Mar 16
Changed: Oct 14
Last Checked: Oct 23 at 3:16AM
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 Team CORE
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Investment Insights
Based on property information with market context.
Located at 51 N Saginaw St in Pontiac, this for-sale retail restaurant space totals 5,892 SF and includes a full kitchen plus an outdoor patio seating area.
Facade signage is available, and metered parking is directly in front of the restaurant. Remarks also indicate the lease comes with use of the FF&E and liquor license. In addition, there is stated potential for additional private surface lot use.
The space is presented as flexible for a range of concepts, with multiple different uses listed in the remarks. Interested buyers should review the specific operating requirements for their intended use with the appropriate parties.
Facade signage is available, and metered parking is directly in front of the restaurant. Remarks also indicate the lease comes with use of the FF&E and liquor license. In addition, there is stated potential for additional private surface lot use.
The space is presented as flexible for a range of concepts, with multiple different uses listed in the remarks. Interested buyers should review the specific operating requirements for their intended use with the appropriate parties.
Key Highlights
- 5,892 SF of retail space available on N Saginaw St
- Includes a full kitchen, plus a bar and an outdoor patio seating area
- $15.00/SF plus utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,400
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,268,000
$1.3M
Cap Rate 7%
$905,714
$905.7K
Cap Rate 9%
$704,444
$704.4K
Market Conditions
NOI Build-Up for 5,892 SF
Gross rent
$99.0K $16.80/SF
− Vacancy
−$8.4K −$1.43/SF
EGI
$90.6K $15.37/SF
− OpEx
−$27.2K −$4.61/SF
NOI
$63.4K $10.76/SF
Area
Oakland County, MI
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,268,000
Cap Rate 7%
$905,714
Cap Rate 9%
$704,444
Alternative Uses
Best Use
Retail
$905.7K
$792.5K – $1.06M
NOI $63,400 @ 7.0% cap · market cap 422,666.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $88,960 @ 7.0% cap · market cap 593,066.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,218
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - For sale on N Saginaw St: restaurant retail space with full kitchen and outdoor patio seating.
Where is this retail space located?
The property is located at 51 N Saginaw St Pontiac, MI.
What are key features of this property?
This property features: 5,892 SF of retail space available on N Saginaw St; Includes a full kitchen, plus a bar and an outdoor patio seating area; $15.00/SF plus utilities
