18 Lawrence StPontiac, MI 48342

For Sale
$699,000 View listing
  • Office buildings
  • 10,260 SF

Property Details for 18 Lawrence St

Year built
1920
Lot size
0.12 AC
Property size (Sq ft)
10,260 SF
Zone code
BI
Property type
Office buildings
APN
64-14-29-433-004
APU
641429433004

Description

This exceptional Class B office building, located at 18 W. Lawrence in Pontiac, Michigan, offers a fantastic opportunity for businesses seeking flexible and modern executive office space. The two-story building boasts a total of 15,000 square feet, with 7,250 square feet currently available for lease. Multiple tenancy options are available, accommodating businesses requiring spaces ranging from a minimum of 2,250 square feet to a maximum contiguous space of 5,000 square feet. The building's C-2 zoning provides versatility for a range of professional uses. Situated in the vibrant Pontiac submarket of Oakland County, this property offers convenient access to major transportation routes and amenities. The property's address is 18 W. Lawrence, Pontiac, MI 48342, and its APN is 14-29-433-004. This is an ideal location for businesses seeking a professional and well-located office environment in a thriving community. The building's traditional design blends seamlessly with modern amenities, creating a comfortable and productive workspace. Don't miss this chance to secure your ideal office space in this highly sought-after location. Contact us today to schedule a viewing and explore the possibilities.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,756,388
    6.5%
    $1,621,282
    7%
    $1,505,476
  • Comparable approach

    Method
    Valuation
    Relative Method
    $959,720
    Geo Method
    $959,720
  • Alternative Use

    Use
    Valuation
    Residential
    $2,010,389
    Hospitality
    $1,841,506
    Educational
    $1,532,111
    Medical
    $1,584,803
    Retail
    $2,383,284
18 Lawrence St, Pontiac, Michigan

Location Insight

City
Pontiac
County
Oakland
State
Michigan
Latitude
42.6376
Longitude
-83.2932
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
$8,683
-
-
$242,000
-
-
-
$484,000

FAQs

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