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    OFF-MARKET
    Office buildings

    592 Cesar E Chavez Ave, Pontiac, MI 48342-1054

    1,240 SF 0.11 ac lot Built 1920
    Individually Owned 9-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1585248
    Property summary
    AI-generated overview

    This exceptional commercial property at 592 Cesar E Chavez Avenue in Pontiac, Michigan, presents a unique investment opportunity. Priced at $300,000, this 0.11-acre lot boasts a substantial building currently configured as a single office with the potential for up to six additional offices. Its strategic location near Woodward Avenue and Telegraph Road ensures high visibility and accessibility. The property includes 42 paved parking spaces, providing ample parking for clients and employees. A significant advantage is the existing business operating on the premises, holding a transferable B license, fully insured and bonded by the State of Michigan. This established business is a well-regarded community fixture. The sale includes two adjacent lots (1420305003 and 1420305001). Three-quarters of the property is fenced for enhanced security. A storage shed at the rear is not included in the sale. The building also features two bathrooms. The zoning designation is B**, allowing for a variety of commercial uses. This turnkey operation offers immediate income potential and significant growth opportunities. Don't miss this chance to acquire a thriving business and prime commercial real estate in a desirable location.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1920
    Total area 1,240 SF
    Lot 0.11 ac (4,792 SF)
    Zoning code BI
    APN 64-14-20-305-002
    UPID US43-1585248
    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
    • House Of Cars Car Dealership
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Owner & transaction history
    Bledi Gjergji · 9 yrs held
    Bledi Gjergji
    since 2017
    7 recorded transactions
    2017
    2015
    2014
    $4,000
    2007
    2007
    1998
    $60,000
    1969
    Zoning & alternative use
    BI · Pontiac, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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