For Sale
$3,200,000

694 Huron St Pontiac, MI 48341

10-Unit Cold Storage, High Income Potential

Overview

Added:
Dec 11, 2024
Days on market:
133
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.

Highlights

  • $3,200,000 asking price for this industrial property.
  • 11,741 square foot building.
  • 10 units, including a liquor store.
  • Located at 694 W Huron St, Pontiac, MI 48341, on a 24,873 square foot lot.
  • Built in 1948.
  • Refrigerated/cold storage subtype.

Property Details for 694 Huron St

Property type
Refrigeration & cold storage, Industrial properties
Square Feet
11,741 SF
Year Built
1948
Units
10

Location Insight

City
Pontiac
County
Oakland
State
Michigan
Latitude
42.6357535
Longitude
-83.3187344

FAQs

What type of property is this?
Refrigeration & cold storage - 10-Unit Cold Storage, High Income Potential
Where is the refrigeration & cold storage located?
The property is located at 694 Huron St Pontiac, MI.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: $3,200,000 asking price for this industrial property.; 11,741 square foot building.; 10 units, including a liquor store.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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694 Huron St
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