46 Saginaw StPontiac, MI 48342

Property Details for 46 Saginaw St

Property size (Sq ft)

23,000 SF

Property type

Mixed-use properties

Description

This exceptional mixed-use property at 46 N Saginaw St, Pontiac, MI 48342 presents a compelling redevelopment opportunity. The 23,000 square foot building, currently vacant, offers significant upside potential. Located in a high-traffic area with excellent visibility, this Class C property is perfectly positioned for a mixed-use development. Approved plans are in place for the conversion of the upper two floors into 16 residential units, adding a substantial income stream. All necessary permits, including those from the OPRA and HDC, have already been secured, significantly reducing the time and effort required for project completion. The ground floor offers a fully gutted retail space, ready for immediate tenant build-out or owner-occupancy. This turnkey project offers a unique chance to capitalize on the growing Pontiac market. The asking price is $1,200,000. While the current NOI is $0, the approved plans and high-traffic location promise strong future returns. This is an ideal investment for developers seeking a value-add opportunity with significant upside potential in a vibrant, up-and-coming Michigan city. The property consists of 17 total units (ground floor retail and 16 planned residential units). Please note that the provided photo is an architectural rendering.

Location Insight

City

Pontiac

County

Oakland

State

Michigan

Latitude

42.6382

Longitude

-83.292

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