Property profile

592 Cesar E Chavez Ave Pontiac, MI 48342

OFF-MARKET
Office buildings
Property ID
US43-1585248
1,240 SF 0.11 ac lot Built 1920
Individually Owned 9-yr Hold Absentee Owner Free & Clear
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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

Current use

Occupant on record · Public records
  • Car Dealership

Location

592 Cesar E Chavez Ave Pontiac, MI 48342-1054
Pontiac metro Census 141700 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$225k

Owner & transaction history

since 2017
7 recorded transactions
2017
Price N/A
2015
Price N/A
2014
$4,000
2007
Price N/A
2007
Price N/A
1998
$60,000
1969
Price N/A

Zoning & alternative use

BI · Pontiac, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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