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Property profile & analytics
OFF-MARKET
Super regional malls

694 Huron St Pontiac, MI 48341-1523

11,741 SF 0.57 ac lot Built 1948
Entity Owned 10-yr Hold Absentee Owner Free & Clear
Property ID
US43-1339527
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1948
Total area 11,741 SF
Lot 0.57 ac (24,829 SF)
Zoning code BI
APN 64-14-30-451-013
UPID US43-1339527
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
  • Huron Plaza Liquor Store Grocery & Convenience Store Food Market
  • Western Union Bank Credit Union
  • Aaa Huron Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
American Plaza LLC · 10 yrs held
American Plaza LLC
since 2015
3 recorded transactions
2018
Price N/A
2015
$625,000
1969
Price N/A
Zoning & alternative use
BI · Pontiac, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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