25 Saginaw St Pontiac, MI 48342

This exceptional investment opportunity presents a 16,000 square foot, single-unit nightclub located at 25 S Saginaw St, Pontiac, MI 48342. Currently operating under a gross lease, the established nightclub tenant generates a substantial net operating income (NOI) of $48,000, resulting in an attractive 8.00% capitalization rate. The property boasts a 2020 renovation and offers significant value-add potential. The second floor, currently vacant, presents a prime opportunity for conversion into residential units, capitalizing on the growing demand for housing in Pontiac's revitalizing downtown area. This versatile property benefits from its prime location in a high-traffic area, offering both immediate income and long-term growth potential. The asking price is $600,000. The property's strong cash flow, coupled with the potential for residential development, makes this an ideal investment for those seeking both immediate return and future appreciation. The existing nightclub tenant provides a stable income stream, minimizing risk and maximizing your return on investment. This is a rare chance to acquire a property with both established income and significant upside potential in a thriving Michigan market.