49 Saginaw St Pontiac, MI 48342-2153
- Bars
- 4,397 SF
- 0.07 lot acres
Current Use by Public Records
- Street Gang Entertainment / Record Company
Property Details for 49 Saginaw St
- Year built
- 1922
- Lot size
- 0.07 lot acres
- Property size
- 4,397 SF
- Zone code
- BI
- Property type
- Bars
- Property subtype
- Pubs
- APN
- 64-14-29-433-016
- APU
- 641429433016
Description
This exceptional 7,700 square foot restaurant, located at 49 N Saginaw St in Pontiac, Michigan's vibrant Indian Hill District, presents a unique investment opportunity. Built in 1886 and renovated in 2012, this single-tenant property boasts a prime downtown location with convenient on and off-street parking. The building features a tastefully preserved historic interior. The main floor encompasses 2,950 square feet, including a full-service mahogany bar, a fully equipped kitchen, restrooms, and seating for at least 80 patrons. The second floor offers an additional 1,800 square feet with a service bar, restrooms, an elevated stage, a sound/light booth, and seating for 50 or more. A 2,950 square foot lower level provides office space, a liquor locker, a walk-in keg cooler, mechanical systems, and ample storage. The total capacity exceeds 150 patrons. The property sits on a 0.07-acre lot and is zoned for Downtown Business District use, offering flexibility for various commercial ventures. The current lease is a NNN lease with 100% occupancy. The asking price is $499,900, translating to $64.94 per square foot. The potential for residential conversion of the second floor adds further investment appeal. APN: 14-29-433-016.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pontiac
- County
- Oakland
- State
- Michigan
- Longitude
- -83.2929
- Latitude
- 42.6382
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
