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    Property profile & analytics
    OFF-MARKET Estimated value $2,280,000
    Super regional malls

    1602 Perry St, Pontiac, MI 48340-3310

    49,555 SF 4.42 ac lot Built 2001
    Entity Owned 13-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-0786234
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Tacos Los Corrales Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.06M
    Blend (final) Blend
    $2.28M
    Owner & transaction history
    Bnr Group LLC · 13 yrs held
    Bnr Group LLC
    since 2012
    5 recorded transactions
    2012
    $1.8M
    2010
    $3.4M
    2003
    1969
    1969
    Zoning & alternative use
    BI · Pontiac, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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