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    Property profile & analytics
    FOR SALE
    Retail space

    360 Martin Luther King Jr Blvd N, Pontiac, MI 48342

    11,008 SF 0.56 ac lot Built 1999
    Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-0884555
    Property summary
    AI-generated overview

    This exceptional retail opportunity presents a 11,207-square-foot freestanding building situated on a 2.27-acre lot in Pontiac, Michigan. Located at 360 Martin Luther King Jr Blvd N, this property boasts a highly visible location at the intersection of Martin Luther King Jr Boulevard, Featherstone, and University Drive, ensuring maximum exposure for any business. The building features a convenient drive-thru window, adding significant operational flexibility. Its versatile layout offers ample space for customization, making it suitable for a wide range of retail or service-oriented businesses. The absolute NNN lease type provides a straightforward ownership structure. The property is currently vacant, presenting a blank canvas for a new tenant to establish their presence in this thriving area. With its spacious interior and prime location, this property represents a significant investment opportunity in a high-traffic area of Oakland County, Michigan, with a zip code of 48342. The expansive lot size provides ample parking and potential for future expansion. This is a rare chance to acquire a substantial retail space in a desirable location with excellent visibility and accessibility. The asking price is $2,600,000.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1999
    Total area 11,008 SF
    Lot 0.56 ac (24,394 SF)
    Zoning code BI
    APN 64-14-28-229-006
    UPID US43-0884555
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Olaolu A. Akinbiyi, BPharm Pharmacy
    • Ryan P. Browne, PharmD Pharmacy
    • higi Physician
    • Rite Aid Photo (Bike/Boat/Book/etc) Store
    • Rite Aid #04301 Medical Laboratory
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $1.82M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.20M
    Owner & transaction history
    360 N Mlk LLC · 3 yrs held
    360 N Mlk LLC
    since 2023
    Last sale
    $2.2M
    3 recorded transactions
    2023
    $2.2M
    2023
    1999
    $687,500
    Zoning & alternative use
    BI · Pontiac, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Warehouse, storage $3.4M +411.4%
    Commercial (general) $1.9M +191.6%
    Restaurant $1.9M +186.6%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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