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    161 State St Pontiac, MI 48341

    Sponsored
    For Sale
    $700,000

    18,699 SF Retail Space - $700,000

    Property size:
    18,699 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional retail storefront property, located at 161 State Street in Pontiac, Michigan, presents a compelling investment opportunity. Boasting a substantial 18,699 square feet of space on a 1.22-acre lot, this property is ideally suited for a variety of retail uses. The building, constructed in 1950, is zoned BI and offers significant potential for redevelopment or continued operation. The asking price is $700,000, translating to a price per square foot of $67.91. A significant advantage is the availability of a land contract, making financing more accessible. The property includes a two-car garage, adding to its practicality. Its strategic location offers excellent accessibility, being conveniently situated just three miles from I-75. Furthermore, its proximity to major healthcare facilities enhances its appeal

    Property Features for 161 State St

    General Information

    Property type
    Individual retail properties
    Square Feet
    18,699 SF
    Lot Size
    53,143 SF

    Building Details

    Year Built
    1950
    Buildings
    1

    HighLights

    • 18,699 SF retail space
    • 1.23‑acre lot
    • Land contract financing available
    • Two‑car garage
    • Proximity to major hospitals (Pontiac General, McLaren Oakland, St. Joseph Mercy)
    • Convenient I‑75 access (3 miles)
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -83.3046911
    Latitude
    42.6391863

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    FAQs

    What type of property is this?
    Individual retail property - 18,699 SF Retail Space - $700,000
    Where is this individual retail property located?
    The property is located at 161 State St Pontiac, MI.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: 18,699 SF retail space; 1.23-acre lot; Land contract financing available
    Request Owner's contact information
    161 State 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
    161 State St Pontiac, MI 48341
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