138 Saginaw StPontiac, MI 48342

Property Details for 138 Saginaw St

Year built

1928

Lot size

0.05 AC

Property size (Sq ft)

1,666 SF

Zone code

BI

Property type

Office buildings

APN

64-14-29-426-008

APU

641429426008

Description

This exceptional retail property, located at 138 N Saginaw St in the heart of Downtown Pontiac, MI 48342, offers two available spaces totaling 1,700 square feet. One space is 1,000 square feet, situated on the lower level, and the other is 1,700 square feet, featuring a patio. The property boasts prime frontage on N. Saginaw St., providing excellent visibility and walkability to local restaurants and businesses. Convenient freeway access via M-59, Woodward Ave, Orchard Lake Rd, and I-75 ensures easy commutes. Ample parking is available both on and off-site. This Class C building is situated in a central location, near the Commercial Historical District, and benefits from a high walk score. The property is also located within a Qualified Opportunity Zone (QOZ). The larger space rents for $2,000 per month full gross, plus utilities, while the lower-level space is available for $1,000 per month plus utilities. This is a fantastic opportunity for businesses seeking a vibrant and accessible location in Pontiac's revitalized downtown area. The property is zoned B-1 General Business.

• CAP approach

  CAP return

  Valuation

  6%

  $285,199

  6.5%

  $263,261

  7%

  $244,456

• Comparable approach

  Method

  Valuation

  Relative Method

  $155,838

  Geo Method

  $155,838

• Alternative Use

  Use

  Valuation

  Residential

  $326,443

  Hospitality

  $299,020

  Educational

  $248,781

  Medical

  $257,337

  Retail

  $386,993

Location Insight

City

Pontiac

County

Oakland

State

Michigan

Latitude

42.6405

Longitude

-83.2928

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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