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    40/41 Straightaway Dr Pontiac, MI 48341

    For Sale
    $2,200,000

    2,410 SF, Race Track Views, $2.2M

    Property size:
    2,410 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional mixed-use property, located at 40/41 Straightaway Dr in Pontiac, Michigan, presents a unique investment opportunity. This combined garage condominium unit, totaling 2,410 square feet, offers a premium location adjacent to the M1 Concourse race track, providing unparalleled views of the straightaways and hairpin turns. Built in 2016, the space boasts a sophisticated design with extensive glass, solid surface counters, high ceilings, and two floating staircases. The property includes a high-end kitchen equipped with Wolf appliances, Sub-Zero refrigeration, and a Bosch dishwasher, perfect for entertaining. A comprehensive A/V technology package features overhead projection, multiple large-screen TVs, and remote-controlled Savant systems for HVAC and security. Two upscale lavatories cater to large gatherings, complemented by adjacent parking and green space. The property's permitted zoning is Commercial and Recreation, allowing for versatile use as an office, workspace, or automotive display area. The sale includes two combined units (IDs 1433305040 & 1433305041). The asking price is $2,200,000, with a price per square foot of $1,741. The lot size is 0.03 acres. A new M1 Prefix service station is adjacent to the property. Note that the listed taxes are for unit 40 only, and buyers are responsible for verifying all information, including square footage. While past events like Cars & Coffee and the Woodward Dream Cruise are mentioned, their continuation is not guaranteed.

    Property Features for 40/41 Straightaway Dr

    General Information

    Property type
    Self storage facilities
    Square Feet
    2,410 SF
    Lot Size
    1,307 SF

    Building Details

    Year Built
    2016

    HighLights

    • $2,200,000 asking price for this exceptional mixed‑use property.
    • 2,410 square feet, including a mezzanine, offering ample space.
    • Located at 40/41 Straightaway Dr, Pontiac, MI 48341, adjacent to the M1 Concourse.
    • Built in 2016, zoned for Commercial and Recreational use.
    • Features high‑end finishes, including a Wolf range, Sub‑Zero refrigerator, and extensive A/V technology.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Pontiac
    County
    Oakland
    State
    Michigan
    Longitude
    -83.285326346397
    Latitude
    42.619351281864

    Nearby Similar for Sale

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      M1 Concourse Rooftop Garage Unit

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    • $1,399,000
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      M1 Concourse Rooftop Garage Unit

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    • $489,000
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      M1 Concourse Private Garage

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    • $475,000
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    • $969,000
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      M1 Concourse Private Garage Unit

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    • $110,000
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      Pontiac Triplex Investment Opportunity

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    FAQs

    What type of property is this?
    Self storage facility - 2,410 SF, Race Track Views, $2.2M
    Where is this self storage facility located?
    The property is located at 40/41 Straightaway Dr Pontiac, MI.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: $2,200,000 asking price for this exceptional mixed-use property.; 2,410 square feet, including a mezzanine, offering ample space.; Located at 40/41 Straightaway Dr, Pontiac, MI 48341, adjacent to the M1 Concourse.
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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
    40/41 Straightaway Dr Pontiac, MI 48341
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