179 Edison St, Pontiac, MI 48342
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
RI · Pontiac, MIPontiac. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.