1602 Perry StPontiac, MI 48340

Property Details for 1602 Perry St

Year built

2001

Lot size

4.42 AC

Property size (Sq ft)

49,555 SF

Zone code

BI

Property type

Super regional malls

APN

64-14-15-426-017

APU

641415426017

Description

This prime retail center in Oakland County, Michigan, offers 49,246 square feet of versatile space, with multiple occupancy options. Six spaces are currently available, ranging from 1,400 to 5,600 contiguous square feet, with a total of 10,000 square feet currently vacant. The property boasts a high-traffic location at 1602-1648 N. Perry Rd., Pontiac, MI, ensuring excellent visibility and accessibility. Current tenants include established businesses such as Flagstar Bank, Metro PCS, LA Insurance, and Jade Nails, creating a strong and diverse tenant mix. Available spaces cater to a variety of needs, including a 3,725 square foot light industrial space with an overhead door, a 1,400 square foot former Subway space ideal for a restaurant or deli, and a fully built-out 2,290 square foot dentist office. Additionally, a 2,438 square foot open layout space offers numerous possibilities. The property features ample convenient parking and offers affordable rates. This is an exceptional opportunity for businesses seeking high visibility and strong foot traffic in a thriving commercial area. The minimum divisible space is 1,400 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $12,470,331

  6.5%

  $11,511,075

  7%

  $10,688,855

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,681,144

  Geo Method

  $11,681,144

• Alternative Use

  Use

  Valuation

  Residential

  $9,710,022

  Hospitality

  $8,894,328

  Educational

  $7,399,976

  Medical

  $7,654,473

  Retail

  $11,511,075

Location Insight

City

Pontiac

County

Oakland

State

Michigan

Latitude

42.6698

Longitude

-83.2552

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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