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    18 Lawrence St Pontiac, MI 48342

    For Sale
    $699,000

    15,000 SF, fully renovated, $699,000

    Property size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 15,000-square-foot Class B creative office building is situated in the heart of Historic Downtown Pontiac, Michigan. The fully renovated, two-story brick structure boasts a striking new facade, roof, and updated HVAC, electrical, and plumbing systems. The interior features exposed brick, spiral ductwork, and wet plaster walls, with ceilings soaring approximately 14 feet high. The first floor is handicap accessible. The building includes a full basement. This owner/user investment opportunity is priced at $699,000 ($46.60/SF). A modified gross lease is available, including prorated taxes, utilities, and in-suite janitorial services. The property benefits from its location within a Federal Opportunity Zone, offering potential tax advantages. Its prime downtown location provides convenient access to Woodward Ave., M-59, and I-75, as well as numerous area amenities including banking, restaurants, shopping, and services. Enjoy the proximity to the renovated Strand Theater and nearby dining and entertainment options. The property's APN is 14-29-433-004 and is zoned C-2. This distinctively renovated building offers a unique and desirable workspace in a vibrant urban setting.

    Property Features for 18 Lawrence St

    General Information

    Property type
    Office space
    Square Feet
    15,000 SF
    Class
    B

    Building Details

    Stories
    2

    HighLights

    • Fully renovated two‑story Class B brick office building with new awnings, signage, and lighting.
    • Modified gross lease; tenant pays prorated taxes, utilities, and in‑suite janitorial.
    • Distinctively renovated property in Historic Downtown Pontiac.
    • High ceilings (approx. 14 ft.), exposed brick, and other unique interior design elements.
    • First floor is ADA accessible.
    • Updated HVAC, electrical, and plumbing systems.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Turner Advisory Services Business Management Consultant

    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
    -83.293123
    Latitude
    42.637624

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    FAQs

    What type of property is this?
    Office space - 15,000 SF, fully renovated, $699,000
    Where is this office space located?
    The property is located at 18 Lawrence St Pontiac, MI.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: Fully renovated two-story Class B brick office building with new awnings, signage, and lighting.; Modified gross lease; tenant pays prorated taxes, utilities, and in-suite janitorial.; Distinctively renovated property in Historic Downtown Pontiac.
    Request Owner's contact information
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    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
    18 Lawrence St Pontiac, MI 48342
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