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    18 Pike St Pontiac, MI 48342

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    For Sale
    Contact for pricing

    10,700 SF Restaurant/Nightclub, 25 Parking Spaces

    Property size:
    10,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10,700 square foot freestanding building, located in the vibrant heart of Pontiac's entertainment district, presents a unique investment opportunity. Previously operating as a successful restaurant and nightclub, this multi-tenant property boasts two fully equipped kitchens: a 6,000 square foot space on the first floor and a 4,700 square foot area on the second. A sizable basement offers ample storage or office space. The sale includes all existing furniture, fixtures, and equipment, along with a valuable Class "C" liquor license, streamlining the transition for a new owner. The property features 25 dedicated parking spaces, providing convenient access for patrons and staff. Its prime location directly across from a large city-owned parking lot with over 500 additional spaces ensures ample parking availability. The building also offers the advantage of pylon signage, enhancing visibility and attracting potential customers. Built in 1900, this property is situated at 18 West Pike Street, Pontiac, Michigan, 48342, in Oakland County. This is a turnkey opportunity for an established business or a new venture seeking a high-traffic location in a thriving downtown area.

    Property Features for 18 Pike St

    General Information

    Property type
    Restaurants
    Square Feet
    10,700 SF

    Building Details

    Year Built
    1900

    HighLights

    • 10,700 SF freestanding building, formerly a restaurant/nightclub, available for sale or lease in Downtown Pontiac's entertainment district.
    • Includes all FF&E and a Class "C" liquor license.
    • Features two kitchens (6,000 SF first floor, 4,700 SF second floor) and a basement for office/storage.
    • 25 dedicated parking spaces plus access to a nearby 500+ space public lot.
    • Pylon signage opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Perennial Garage Doors ... Door Supplier

    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
    -83.2928653
    Latitude
    42.6367806

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    FAQs

    What type of property is this?
    Restaurant - 10,700 SF Restaurant/Nightclub, 25 Parking Spaces
    Where is this restaurant located?
    The property is located at 18 Pike St Pontiac, MI.
    What are key features of this property?
    This property features: 10,700 SF freestanding building, formerly a restaurant/nightclub, available for sale or lease in Downtown Pontiac's entertainment district.; Includes all FF&E and a Class "C" liquor license.; Features two kitchens (6,000 SF first floor, 4,700 SF second floor) and a basement for office/storage.
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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 Pike St Pontiac, MI 48342
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