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    FOR SALE
    Specialty properties

    179 Edison St, Pontiac, MI 48342

    4,904 SF 0.23 ac lot Built 1927
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US43-1743568
    Property summary
    AI-generated overview

    This exceptional 4,900 square foot industrial building presents a remarkable investment opportunity in the vibrant city of Pontiac, Michigan. Situated on a 0.23-acre lot at 179 Edison, this property boasts high visibility due to its location on a busy street with significant traffic flow. Currently vacant, this versatile space offers a multitude of potential uses, including residential, retail, office, warehouse, or a mixed-use development. The building's layout is comprised of two floors. The main floor features four distinct sections and a restroom. The lower level provides ample storage space. The structure is in excellent condition and ready for immediate occupancy, featuring recent upgrades including a newer roof, HVAC system, electrical wiring, and plumbing. Currently zoned R-1 (residential), there's potential for rezoning to commercial use, unlocking even greater possibilities for the astute investor. This property is priced competitively at $230,000 and represents a rare chance to acquire a well-maintained building in a prime location with significant upside potential. Don't miss this chance to secure your future in Pontiac.

    Property profile
    Verified
    Property type Specialty properties
    Use group CHARITABLE ORGANIZATION
    Year built 1927
    Total area 4,904 SF
    Lot 0.23 ac (10,019 SF)
    Zoning code RI
    APN 64-14-20-480-031
    UPID US43-1743568
    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
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    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Cacd LLC · 4 yrs held
    Cacd LLC
    since 2022
    6 recorded transactions
    2022
    2021
    $25,000
    2020
    2019
    2015
    1969
    Zoning & alternative use
    RI · Pontiac, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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