33 Saginaw StPontiac, MI 48342

This 7,500 square foot creative office building in Pontiac, Michigan, presents a compelling investment opportunity. Located at 33 N Saginaw St, 48342, this property boasts a current NOI of $32,000, yielding a 6.40% cap rate, and an asking price of $500,000. However, a pro-forma NOI of $44,000 projects a significantly higher 8.80% cap rate, highlighting the substantial upside potential. The main floor currently functions as office space, providing immediate rental income or a ready-to-use workspace. A complete renovation in 2018 installed brand-new mechanical systems throughout the building, preparing the upper two floors for conversion. These floors are ready for build-out, offering the possibility of creating residential units or additional commercial space. The existing infrastructure and the potential for a private rooftop deck add to the property's appeal. This well-maintained building in a vibrant location offers a unique chance to create a profitable venture, whether through rental income or personal use. The property's strong foundation and significant potential make it an exceptional investment opportunity. This is a rare chance to acquire a property with immediate income and substantial future growth potential in a desirable location.