Downtown Pontiac Retail/Office
For Sale
$550,000
83 N Saginaw St, Pontiac, MI 48342
Freestanding retail/office building in downtown Pontiac's commercial core.
Property Size3,220 SF
Price / SF$170.81
Days on Market291
Property Features for 83 N Saginaw St
General Information
Standard status
Active
Size
3,220 SF
Taxes and HOA fees
Annual Taxes
$1,443
Listing Agency:
EXP Realty Birmingham
(248) 686-0024
Listed By:
Paul Mychalowych · License #6506042081
(248) 935-2754
Source:
Exprealty
Added: Jan 16
Changed: Oct 26
Last Checked: Nov 1 at 9:38AM
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 EXP Realty Birmingham
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Investment Insights
Based on property information with market context.
Located on N Saginaw Street in downtown Pontiac, this freestanding building offers approximately 3,220 square feet of retail or office space. Constructed in 1876, the property features a concrete foundation and central air conditioning. The location is in the heart of Pontiac’s commercial core, surrounded by restaurants, retail shops, and mixed-use developments, offering strong visibility and pedestrian appeal. The property is suitable for a variety of business uses. The location provides close proximity to major city amenities and transit routes. The property has a walk score of 76, indicating it is very walkable, and a bike score of 51, indicating it is bikeable.
Key Highlights
- Prime downtown Pontiac location on N Saginaw Street
- High‑traffic, high‑exposure property with strong visibility
- Flexible ~3,220 sq ft freestanding building suitable for various businesses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,648
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$692,960
$693.0K
Cap Rate 7%
$494,971
$495.0K
Cap Rate 9%
$384,978
$385.0K
Market Conditions
NOI Build-Up for 3,220 SF
Gross rent
$54.1K $16.80/SF
− Vacancy
−$4.6K −$1.43/SF
EGI
$49.5K $15.37/SF
− OpEx
−$14.8K −$4.61/SF
NOI
$34.6K $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%
$692,960
Cap Rate 7%
$494,971
Cap Rate 9%
$384,978
Alternative Uses
Best Use
Retail
$495.0K
$433.1K – $577.5K
NOI $34,648 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$694.5K
$607.7K – $810.3K
NOI $48,617 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,268
Businesses Nearby
Explore this area
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 - Freestanding retail/office building in downtown Pontiac's commercial core.
Where is this retail space located?
The property is located at 83 N Saginaw St Pontiac, MI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Prime downtown Pontiac location on N Saginaw Street; High‑traffic, high‑exposure property with strong visibility; Flexible ~3,220 sq ft freestanding building suitable for various businesses
