Property profile

1602 Perry St Pontiac, MI 48340

OFF-MARKET
Super regional malls
Property ID
US43-0786234
49,555 SF 4.42 ac lot Built 2001
Entity Owned 13-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This prime retail center in Oakland County, Michigan, offers 49,246 square feet of versatile space, with multiple occupancy options. Six spaces are currently available, ranging from 1,400 to 5,600 contiguous square feet, with a total of 10,000 square feet currently vacant. The property boasts a high-traffic location at 1602-1648 N. Perry Rd., Pontiac, MI, ensuring excellent visibility and accessibility. Current tenants include established businesses such as Flagstar Bank, Metro PCS, LA Insurance, and Jade Nails, creating a strong and diverse tenant mix. Available spaces cater to a variety of needs, including a 3,725 square foot light industrial space with an overhead door, a 1,400 square foot former Subway space ideal for a restaurant or deli, and a fully built-out 2,290 square foot dentist office. Additionally, a 2,438 square foot open layout space offers numerous possibilities. The property features ample convenient parking and offers affordable rates. This is an exceptional opportunity for businesses seeking high visibility and strong foot traffic in a thriving commercial area. The minimum divisible space is 1,400 square feet.

Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 2001
Total area 49,555 SF
Lot 4.42 ac (192,535 SF)
Zoning code BI
APN 64-14-15-426-017
UPID US43-0786234

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
  • Restaurant

Location

1602 Perry St Pontiac, MI 48340-3310
Pontiac metro Census 141500 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
$3.06M
Blend (final) Blend
$3.43M

Owner & transaction history

since 2012
5 recorded transactions
2012
$1.8M
2010
$3.4M
2003
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

BI · 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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