224 Telegraph Rd Pontiac, MI 48341
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.
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Tim's Barber Shop Barber Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.