Property profile

161 Pingree Ave Pontiac, MI 48342

OFF-MARKET
Retail space
Property ID
US43-1327902
1,687 SF 0.11 ac lot Built 1920
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property at 161 Pingree Avenue in Pontiac, Michigan, presents a fantastic business opportunity. Priced at $135,000, this 0.11-acre lot offers a flexible space ideal for a variety of uses. Imagine transforming this building into your dream salon, a convenient neighborhood store, a thriving daycare center, or a unique event space. The layout allows for ample room to create an office, storage area, kitchen, and laundry facilities, catering to diverse business needs. Recent upgrades significantly enhance the property's value and functionality. A brand new roof provides lasting protection, while a newly paved black asphalt driveway and rear parking lot ensure convenient access for customers and employees. The building also benefits from a newer furnace, ensuring efficient and cost-effective heating. A full bathroom adds to the convenience, and a large basement offers additional storage or expansion potential. This property's prime location and adaptable interior make it an attractive investment for entrepreneurs seeking a versatile and well-maintained commercial space. The combination of recent improvements and the potential for diverse uses makes this a truly compelling opportunity in the vibrant Pontiac market. Don't miss out on this chance to establish your business in a well-positioned and updated building.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Total area 1,687 SF
Lot 0.11 ac (4,792 SF)
Zoning code AI
APN 64-14-20-311-019
UPID US43-1327902

Cap rate & NOI

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

Location

161 Pingree Ave Pontiac, MI 48342-1174
Pontiac metro Census 141700 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
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2026
Last sale
$95,000
6 recorded transactions
2026
$95,000
2022
Price N/A
2021
$81,500
2019
$16,500
2019
Price N/A
2005
Price N/A

Zoning & alternative use

AI · 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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