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    FOR SALE
    Turn key restaurants

    18 West Pike St, Pontiac, MI 48342

    10,704 SF 0.14 ac lot Built 1900
    Entity Owned 24-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1733161
    Property summary
    AI-generated overview

    This exceptional retail property, located at 18 West Pike Street in Pontiac, Michigan, offers a total of 10,700 square feet of space currently available for lease. Built in 1900, this building presents a unique opportunity for businesses seeking a prominent location in Oakland County. The property is configured to accommodate multiple tenants, with a minimum divisible space of 4,700 square feet and a maximum contiguous space of 6,000 square feet. The entire 10,700 square feet is currently vacant, providing a blank canvas for a new tenant or a group of complementary businesses. The property's address is 18 W Pike St, Pontiac, MI 48342, offering excellent visibility and accessibility. Its central location within Pontiac provides easy access to major transportation routes and a thriving local community. This is an ideal opportunity for businesses seeking a well-established location with significant square footage in a historic building. The property is classified as Commercial Retail and is ready for immediate occupancy. The building's historical character combined with its modern adaptability makes it a truly unique investment opportunity. Contact us today to learn more about leasing this exceptional retail space.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1900
    Total area 10,704 SF
    Lot 0.14 ac (6,098 SF)
    Zoning code BI
    APN 64-14-29-476-014
    UPID US43-1733161
    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
    • Perennial Garage Doors Repair Co Hardware & Home Improvement Production Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.06M
    Blend (final) Blend
    $980k
    Owner & transaction history
    Diversified Global Enterprises · 24 yrs held
    Diversified Global Enterprises
    since 2002
    2 recorded transactions
    2002
    1969
    Zoning & alternative use
    BI · Pontiac, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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