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    FOR SALE
    Warehouses

    1033 Barkell St, Pontiac, MI 48340

    38,976 SF 4.54 ac lot Built 2015
    Entity Owned 7-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1752085
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.61M
    Blend (final) Blend
    $3.61M
    Owner & transaction history
    Barkell LLC · 7 yrs held
    Barkell LLC
    since 2018
    2 recorded transactions
    2018
    $150,000
    2015
    $25,000
    Zoning & alternative use
    ME · Pontiac, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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