661 Franklin RdPontiac, MI 48341

  • Warehouses
  • 43,998 SF

Property Details for 661 Franklin Rd

Year built
1957
Lot size
8.62 AC
Property size (Sq ft)
43,998 SF
Zone code
ME
Property type
Warehouses
APN
64-19-04-161-010
APU
641904161010

Description

This exceptional 55,000-square-foot school building, situated on a generous 9.25-acre lot in Pontiac, Michigan, presents a unique investment opportunity. Built in 1957, the single-story structure offers significant potential for redevelopment or repurposing. The property boasts a sound structural foundation, although a new roof is needed. Its prime location offers unparalleled convenience and accessibility. The property is less than a mile from major retail destinations including Target, Costco, Menards, Dick's Sporting Goods, and the M-1 Concourse, ensuring high visibility and potential for diverse uses. The property's address is 661 Franklin Road, Pontiac, MI 48341, and its Assessor's Parcel Number (APN) is 19-04-161-010. This substantial property, classified as special purpose with a school subtype, presents a rare chance to acquire a large-scale building in a thriving commercial area. The building's size and location make it ideal for a variety of commercial ventures, subject to necessary approvals and permits. Serious inquiries are encouraged to explore the possibilities this property offers. Contact the listing agent for pricing and further details.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $8,621,160
    Hospitality
    $7,896,936
    Educational
    $6,570,158
    Medical
    $6,796,116
    Retail
    $10,220,246

Location Insight

City
Pontiac
County
Oakland
State
Michigan
Latitude
42.6112
Longitude
-83.2863
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,382
-
-
$95,320
-
-
-
$190,640

FAQs

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