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    360 Martin Luther King Jr Blvd Pontiac, MI 48342

    For Sale
    $2,600,000

    11,207 SF Vacant Retail Space, Drive-Thru

    Property size:
    11,207 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    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 Features for 360 Martin Luther King Jr Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    11,207 SF
    Lot Size
    98,881 SF

    HighLights

    • 11,207 SF freestanding building on a 2.27‑acre lot.
    • Drive‑thru window.
    • 2.27‑acre lot.
    • Versatile layout suitable for various retail uses.
    • High‑visibility location at Martin Luther King Jr. Blvd, Featherstone, and University Dr intersection.
    • High visibility and accessibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Olaolu A. Akinbiyi, BPharm Pharmacy Ryan P. Browne, ... Pharmacy higi Health Consultant Rite Aid Photo Photo Lab Rite Aid #04301 Medical Laboratory

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pontiac
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2702118
    Latitude
    42.6484799

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    FAQs

    What type of property is this?
    Individual retail property - 11,207 SF Vacant Retail Space, Drive-Thru
    Where is this individual retail property located?
    The property is located at 360 Martin Luther King Jr Blvd Pontiac, MI.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: 11,207 SF freestanding building on a 2.27-acre lot.; Drive-thru window.; 2.27-acre lot.
    Request Owner's contact information
    360 Martin Luther King Jr Blvd Pontiac, MI 48342
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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
    360 Martin Luther King Jr Blvd Pontiac, MI 48342
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