161 Pingree AvePontiac, MI 48342

Property Details for 161 Pingree Ave

Year built

1920

Lot size

0.11 AC

Property size (Sq ft)

1,687 SF

Zone code

AI

Property type

Retail space

APN

64-14-20-311-019

APU

641420311019

Description

This exceptional commercial property at 161 Pingree Avenue in Pontiac, Michigan, presents a fantastic business opportunity. Priced at $135,000, this 0.11-acre lot offers a flexible space ideal for a variety of uses. Imagine transforming this building into your dream salon, a convenient neighborhood store, a thriving daycare center, or a unique event space. The layout allows for ample room to create an office, storage area, kitchen, and laundry facilities, catering to diverse business needs. Recent upgrades significantly enhance the property's value and functionality. A brand new roof provides lasting protection, while a newly paved black asphalt driveway and rear parking lot ensure convenient access for customers and employees. The building also benefits from a newer furnace, ensuring efficient and cost-effective heating. A full bathroom adds to the convenience, and a large basement offers additional storage or expansion potential. This property's prime location and adaptable interior make it an attractive investment for entrepreneurs seeking a versatile and well-maintained commercial space. The combination of recent improvements and the potential for diverse uses makes this a truly compelling opportunity in the vibrant Pontiac market. Don't miss out on this chance to establish your business in a well-positioned and updated building.

• CAP approach

  CAP return

  Valuation

  6%

  $424,527

  6.5%

  $391,871

  7%

  $363,880

• Comparable approach

  Method

  Valuation

  Relative Method

  $397,661

  Geo Method

  $397,661

• Alternative Use

  Use

  Valuation

  Residential

  $330,558

  Hospitality

  $302,789

  Educational

  $251,917

  Medical

  $260,581

  Retail

  $391,871

Location Insight

City

Pontiac

County

Oakland

State

Michigan

Latitude

42.6534

Longitude

-83.3044

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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