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Property profile

224 Telegraph Rd Pontiac, MI 48341

OFF-MARKET
Retail properties & Spaces
800 SF Built 1947
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Property summary

AI-generated overview

This 800-square-foot storefront, located at 224 S Telegraph Rd in Pontiac, Michigan (Oakland County, zip code 48341), presents a compelling investment opportunity. The property, built in 1947 and renovated in 1998, is a single-story, Class C building situated on a 2,000-square-foot lot (APN 1336279020). Currently configured as two separate suites, each with its own Telegraph Road frontage and entrance, the space offers flexibility for various uses, including retail, office, or even warehousing. The net rentable area totals 755 square feet, with an asking price of $49,500 ($61.88 per square foot). Shared amenities include two bathrooms, a common area with a small room containing a refrigerator and kitchen cabinetry, and a rear entrance with parking for up to six vehicles. Heating and water are shared, while electricity is metered independently. The property is zoned C-1 (Local Business), allowing for a range of commercial activities. The building's exterior, vacant suites, and common areas are shown in the provided photos. This owner-user investment presents a unique chance to acquire a well-located commercial property with significant potential. The property is privately owned and offered for sale by owner.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1947
Total area 800 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Barber Shop

Location

224 Telegraph Rd Pontiac, MI 48341
Pontiac metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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