694 Huron St Pontiac, MI 48341-1523
This exceptional investment opportunity presents a 10-unit refrigerated/cold storage facility located at 694 W Huron St, Pontiac, MI 48341. The property boasts a substantial 11,741 square feet of space situated on a 24,873 square foot lot. Built in 1948, this well-established facility currently generates significant income. The on-site plaza includes a liquor store generating $50,000 in weekly revenue, while the remaining ten units contribute $18,600,000 annually in rental income. Additional income streams include a $30,000 annual lotto revenue, a $1700 monthly ATM fee, and $2500 monthly check cashing revenue. The property also features 30 walk-in coolers, enhancing its operational capabilities. The asking price for this lucrative investment is $3,200,000. A land contract is available for qualified buyers. Please note that the property includes a liquor store and other income-generating businesses. Prospective buyers should conduct their own due diligence to verify all income figures. This is a rare opportunity to acquire a high-performing, established cold storage facility with significant income potential in a desirable location. Serious inquiries only.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BI · Pontiac, MIPontiac. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.