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    Speed Way Pontiac, MI 48341

    Sponsored
    For Sale
    $775,000

    Luxury Private Garage, 1194 sq ft

    Property size:
    1,194 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,194 square foot private garage, built in 2016, is located at the prestigious M1 Concourse in Pontiac, Michigan (zip code 48341). Situated on the 1.5-mile racetrack straightaway, this two-story unit (Unit 62) offers a unique blend of functionality and entertainment. The space includes a partial mezzanine with a viewing area and a half bath, providing ample space for various uses. The garage features three car lifts, an awning, and all furnishings are included. The overhead door measures 16 feet high and 18 feet wide, accommodating even the largest vehicles. This versatile property can serve as a personal retreat, social hub, office, or workshop for car enthusiasts. Owners enjoy access to community events such as parties, music festivals, and cruise nights. Quarterly association dues are $711.11. The property is offered at $775,000. Square footage and all information should be verified by the buyer. This is a rare opportunity to own a piece of the vibrant M1 Concourse community. The property's prime location offers both privacy and easy access to the excitement of the racetrack and community events. The versatile space allows for a variety of uses, from personal storage and car maintenance to a unique office or entertainment space. This is a truly one-of-a-kind property.

    Property Features for 0 Speed Way

    General Information

    Property type
    Automotive properties
    Square Feet
    1,194 SF

    Building Details

    Year Built
    2016
    Stories
    2

    HighLights

    • $775,000 asking price for this mixed‑use property.
    • 1,194 square feet, two‑story building constructed in 2016.
    • Located at Speed Way, Pontiac, MI 48341, within the M1 Concourse community.
    • Includes three‑car lifts, an awning, and furnishings; features a mezzanine with a half‑bath.
    • Quarterly association dues are $711.11.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Map

    City
    Pontiac
    County
    Oakland
    State
    Michigan
    Longitude
    -83.286475
    Latitude
    42.6215609

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    FAQs

    What type of property is this?
    Automotive property - Luxury Private Garage, 1194 sq ft
    Where is this automotive property located?
    The property is located at Speed Way Pontiac, MI.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: $775,000 asking price for this mixed-use property.; 1,194 square feet, two-story building constructed in 2016.; Located at Speed Way, Pontiac, MI 48341, within the M1 Concourse community.
    Request Owner's contact information
    Speed Way 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
    Speed Way Pontiac, MI 48341
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