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    46 Saginaw St Pontiac, MI 48342

    For Sale
    $1,200,000

    17-Unit Potential, High-Traffic Location

    Property size:
    23,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional mixed-use property at 46 N Saginaw St, Pontiac, MI 48342 presents a compelling redevelopment opportunity. The 23,000 square foot building, currently vacant, offers significant upside potential. Located in a high-traffic area with excellent visibility, this Class C property is perfectly positioned for a mixed-use development. Approved plans are in place for the conversion of the upper two floors into 16 residential units, adding a substantial income stream. All necessary permits, including those from the OPRA and HDC, have already been secured, significantly reducing the time and effort required for project completion. The ground floor offers a fully gutted retail space, ready for immediate tenant build-out or owner-occupancy. This turnkey project offers a unique chance to capitalize on the growing Pontiac market. The asking price is $1,200,000. While the current NOI is $0, the approved plans and high-traffic location promise strong future returns. This is an ideal investment for developers seeking a value-add opportunity with significant upside potential in a vibrant, up-and-coming Michigan city. The property consists of 17 total units (ground floor retail and 16 planned residential units). Please note that the provided photo is an architectural rendering.

    Property Features for 46 Saginaw St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    23,000 SF
    Class
    C

    Building Details

    Units
    17

    HighLights

    • $1,200,000 asking price for a mixed‑use redevelopment opportunity.
    • 23,000 square feet, Class C building with 17 units.
    • High‑traffic location in Pontiac, MI with excellent visibility, ideal for retail or mixed‑use development.
    • Approved plans for 16 residential units on upper floors.
    • All necessary permits (OPRA and HDC approvals) secured.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jaramillo Maria T Psychologist Dr. Jason R. ... Family Practice Physician Blair-Watson Lakeisha J ... Doctor Center-Preventative Medicine Public Health Department Dr. Jaishree Tandon-Sharma, ... Family Practice Physician

    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
    -83.2920295
    Latitude
    42.6381784

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    FAQs

    What type of property is this?
    Mixed-use property - 17-Unit Potential, High-Traffic Location
    Where is this mixed-use property located?
    The property is located at 46 Saginaw St Pontiac, MI.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price for a mixed-use redevelopment opportunity.; 23,000 square feet, Class C building with 17 units.; High-traffic location in Pontiac, MI with excellent visibility, ideal for retail or mixed-use development.
    Request Owner's contact information
    46 Saginaw St Pontiac, MI 48342
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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
    46 Saginaw St Pontiac, MI 48342
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