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Flagstar Strand Theatre 12 N Saginaw St 45,628 SF 100% Leased Retail Building Pontiac, MI 48342 For Sale



INVESTMENT HIGHLIGHTS
- Rare Opportunity to Acquire an Operating Entertainment Venue in Oakland County
- Central to Oakland County and Metro Detroit, with Approximately 2 Million Residents within a 20-Minute Drive
- Located in a Walkable, Improving Downtown with ongoing City Efforts to Enhance Parking, Accessibility, and Streetscape Infrastructure
- Prime Downtown Location with High Visibility and Access to Major Freeways (I-75, M-59, Woodward Ave, Telegraph Rd)
- Fully Operational Asset with Established Community Presence and Regional Appeal
EXECUTIVE SUMMARY
This offering comes at a pivotal moment for Pontiac’s resurgence. The removal of the Phoenix Center, the reopening
of Saginaw Street—restoring the historic street grid—and the relocation of hundreds of Oakland County employees
just blocks away are accelerating revitalization efforts.
In addition to the theatre itself, the property includes a fully built-out restaurant space with an active tenant, generating rental income and drawing foot traffic to the venue. Inside the theatre, Charlene’s bar offers a charming and functional amenity for patrons and eventgoers, enhancing the hospitality and event experience.
Strategically positioned in the center of Oakland County, the Flagstar Strand Theatre is a legacy asset with strong
cultural significance and growing regional appeal. As downtown redevelopment gains momentum, this venue is
well-positioned for enhanced value through programming, partnerships, and long-term growth.
This is a unique opportunity to acquire and operate a premier performing arts destination—with built-in food
and beverage infrastructure—in a market poised for transformation.
The rich history speaks for itself and the opportunity to own/operate one of the premier venues in Oakland
County is a once in a lifetime opportunity
of Saginaw Street—restoring the historic street grid—and the relocation of hundreds of Oakland County employees
just blocks away are accelerating revitalization efforts.
In addition to the theatre itself, the property includes a fully built-out restaurant space with an active tenant, generating rental income and drawing foot traffic to the venue. Inside the theatre, Charlene’s bar offers a charming and functional amenity for patrons and eventgoers, enhancing the hospitality and event experience.
Strategically positioned in the center of Oakland County, the Flagstar Strand Theatre is a legacy asset with strong
cultural significance and growing regional appeal. As downtown redevelopment gains momentum, this venue is
well-positioned for enhanced value through programming, partnerships, and long-term growth.
This is a unique opportunity to acquire and operate a premier performing arts destination—with built-in food
and beverage infrastructure—in a market poised for transformation.
The rich history speaks for itself and the opportunity to own/operate one of the premier venues in Oakland
County is a once in a lifetime opportunity
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
45,628 SF
Building Class
B
Year Built/Renovated
1912/2017
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
13.09
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
C2 - Commercial use
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
Fifth Third Bank
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Flagstar Strand Theatre | 12 N Saginaw St
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