46 Saginaw St Pontiac, MI 48342
- Mixed-use properties
- 23,000 SF
Current Use by Public Records
- Jaramillo Maria T / Psychologist
- Dr. Jason R. Ramos, MD / Family Practice Physician
- Blair-Watson Lakeisha J MD / Doctor
- Center-Preventative Medicine / Public Health Department
- Dr. Jaishree Tandon-Sharma, MD / Family Practice Physician
Property Details for 46 Saginaw St
- Property size
- 23,000 SF
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property at 46 N Saginaw St, Pontiac, MI 48342 presents a compelling redevelopment opportunity. The 23,000 square foot building, currently vacant, offers significant upside potential. Located in a high-traffic area with excellent visibility, this Class C property is perfectly positioned for a mixed-use development. Approved plans are in place for the conversion of the upper two floors into 16 residential units, adding a substantial income stream. All necessary permits, including those from the OPRA and HDC, have already been secured, significantly reducing the time and effort required for project completion. The ground floor offers a fully gutted retail space, ready for immediate tenant build-out or owner-occupancy. This turnkey project offers a unique chance to capitalize on the growing Pontiac market. The asking price is $1,200,000. While the current NOI is $0, the approved plans and high-traffic location promise strong future returns. This is an ideal investment for developers seeking a value-add opportunity with significant upside potential in a vibrant, up-and-coming Michigan city. The property consists of 17 total units (ground floor retail and 16 planned residential units). Please note that the provided photo is an architectural rendering.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pontiac
- County
- Oakland
- State
- Michigan
- Longitude
- -83.292
- Latitude
- 42.6382
