Property profile

1033 Barkell St Pontiac, MI 48340

FOR SALE
Warehouses
Property ID
US43-1752085
38,976 SF 4.54 ac lot Built 2015
Entity Owned 7-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This 38,976 square foot, two-story former elementary school, built in 1944 and renovated in 1956, sits on a 4.59-acre lot in Pontiac, Michigan. Currently vacant, the property requires significant redevelopment. The building, constructed of brick and concrete, features a large gymnasium, performance space, locker rooms, shower rooms, a full kitchen/cafeteria, over 20 classrooms, and several smaller offices. While the building has sustained vandalism and fire damage, including broken windows, it is considered structurally sound (though no formal assessment has been conducted). The property includes 150 surface parking spaces (3.85 per 1,000 sq ft). Zoned ME (R1), it offers significant redevelopment potential. The location is highly desirable, directly across from the General Motors Propulsion Systems World Headquarters on Joslyn Avenue, near I-75, and close to other major employers including Amazon, Lee Contracting, and United Shore Mortgage. The property's original fixtures and equipment remain. The parcel ID is 64-14-16-451-012. Asking price is $450,000.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2015
Total area 38,976 SF
Lot 4.54 ac (197,762 SF)
Zoning code ME
APN 64-14-16-451-012
UPID US43-1752085

Cap rate & NOI

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

Location

1033 Barkell St Pontiac, MI 48340
Pontiac metro Census 141400 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.61M
Blend (final) Blend
$205k

Owner & transaction history

since 2018
2 recorded transactions
2018
$150,000
2015
$25,000

Zoning & alternative use

ME · Pontiac, MI

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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