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    694-722 Huron St Pontiac, MI 48341

    Sponsored
    For Sale
    $3,400,000

    High-income potential, 0.57-acre lot

    Property size:
    11,741 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 0.57-acre commercial land parcel, located at 694-722 W Huron Street in Pontiac, Michigan (48341), presents a lucrative investment opportunity. The property encompasses 11,741 square feet and is designated for special purpose use. Currently, the site includes a ten-unit plaza featuring a liquor store generating a reported $50,000 weekly income. Additional income streams are derived from the plaza units, totaling $16,000 monthly, a lottery machine yielding $30,000 annually, an ATM producing $1,700 monthly, and check cashing services generating $2,500 monthly. The property also boasts thirty walk-in coolers, adding significant value and potential for diverse uses. The asking price for this high-income generating property is $3,400,000. This prime location in Oakland County offers exceptional visibility and access, making it an ideal investment for discerning buyers seeking substantial returns. Serious inquiries only. Please do not approach employees during business hours.

    Property Features for 694-722 Huron St

    General Information

    Property type
    Land
    Square Feet
    11,741 SF
    Lot Size
    24,829 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pontiac
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3187344
    Latitude
    42.6357535

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    FAQs

    What type of property is this?
    Land - High-income potential, 0.57-acre lot
    Where is this land located?
    The property is located at 694-722 Huron St Pontiac, MI.
    What is the asking price?
    The asking price for this property is $3,400,000.
    Request Owner's contact information
    694-722 Huron St Pontiac, MI 48341
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    Pontiac, MI 48341
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    694-722 Huron St Pontiac, MI 48341
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