Freestanding Retail/Office
N 83 N Saginaw Street Unit SourceFi Pontiac, MI 48342
For Sale
$250,000
Built in 1876, this freestanding building offers flexible retail and office space with central air and a concrete foundation.
Property Size3,220 SF
Price / SF$77.64
Days on Market187
Property Features for N 83 N Saginaw Street Unit SourceFi
General Information
Standard status
Active
Size
3,220 SF
Property subtype
Industrial
Building Details
Year Built
18
Listing Agency:
EXP Realty Birmingham
(248) 935-2754
Listed By:
Paul Mychalowych · License #6506042081
(248) 935-2754
Source:
Xome
Added: Jan 21
Changed: Jul 18
Last Checked: Jul 27 at 2:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty Birmingham
Investment Insights
Based on property information with market context.
This freestanding retail/office building was built in 1876 and offers flexible space for a variety of business uses, subject to buyer verification of zoning and permitted uses. The property includes central air conditioning and a concrete foundation, with solid construction that retains character.
The building is positioned on N Saginaw Street in Pontiac’s downtown commercial core, surrounded by restaurants, retail shops, and mixed-use development. The location is described as having strong visibility and pedestrian appeal.
Buyer and agent are advised to verify all details, including square footage, zoning, utilities, and the highest and best use.
The building is positioned on N Saginaw Street in Pontiac’s downtown commercial core, surrounded by restaurants, retail shops, and mixed-use development. The location is described as having strong visibility and pedestrian appeal.
Buyer and agent are advised to verify all details, including square footage, zoning, utilities, and the highest and best use.
Key Highlights
- Freestanding retail/office building with approximately 3,220 SF of flexible space
- Built in 1876 and retains character with solid construction
- Central air conditioning
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.3k | $6.00 |
| − Vacancy | −$4.5k | −$1.41 |
| EGI | $14.8k | $4.59 |
| − OpEx | −$3.7k | −$1.15 |
| NOI | $11.1k | $3.44 |
3,220 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Retail
$495.0K
$433.1K – $577.5K
NOI $34,648 @ 7.0% cap · market cap 13.86%
Second Best
Office B
$158.4K
$138.6K – $184.8K
NOI $11,085 @ 7.0% cap · market cap 4.43%
Theoretical Best
Specialty Retail
$694.5K
$607.7K – $810.3K
NOI $48,617 @ 7.0% cap · market cap 19.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Built in 1876, this freestanding building offers flexible retail and office space with central air and a concrete foundation.
Where is this retail space located?
The property is located at N 83 N Saginaw Street Unit SourceFi Pontiac, MI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Freestanding retail/office building with approximately 3,220 SF of flexible space; Built in 1876 and retains character with solid construction; Central air conditioning
