You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
New search
Property profile & analytics
FOR LEASE
Retail space

360 Martin Luther King Jr Blvd N Pontiac, MI 48342

11,008 SF 0.56 ac lot Built 1999
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US43-0884555
Property summary
AI-generated overview

This exceptional retail opportunity presents a 11,207-square-foot freestanding building situated on a 2.27-acre lot in Pontiac, Michigan. Located at 360 Martin Luther King Jr Blvd N, this property boasts a highly visible location at the intersection of Martin Luther King Jr Boulevard, Featherstone, and University Drive, ensuring maximum exposure for any business. The building features a convenient drive-thru window, adding significant operational flexibility. Its versatile layout offers ample space for customization, making it suitable for a wide range of retail or service-oriented businesses. The absolute NNN lease type provides a straightforward ownership structure. The property is currently vacant, presenting a blank canvas for a new tenant to establish their presence in this thriving area. With its spacious interior and prime location, this property represents a significant investment opportunity in a high-traffic area of Oakland County, Michigan, with a zip code of 48342. The expansive lot size provides ample parking and potential for future expansion. This is a rare chance to acquire a substantial retail space in a desirable location with excellent visibility and accessibility. The asking price is $2,600,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1999
Total area 11,008 SF
Lot 0.56 ac (24,394 SF)
Zoning code BI
APN 64-14-28-229-006
UPID US43-0884555
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
  • Olaolu A. Akinbiyi, BPharm Pharmacy
  • Ryan P. Browne, PharmD Pharmacy
  • higi Physician
  • Rite Aid Photo (Bike/Boat/Book/etc) Store
  • Rite Aid #04301 Medical Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.82M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.20M
Owner & transaction history
360 N Mlk LLC · 3 yrs held
360 N Mlk LLC
since 2023
Last sale
$2.2M
3 recorded transactions
2023
$2.2M
2023
Price N/A
1999
$687,500
Zoning & alternative use
BI · Pontiac, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage $3.4M +411.4%
Commercial (general) $1.9M +191.6%
Restaurant $1.9M +186.6%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message