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17 S Saginaw St
Pontiac, MI 48342
Office Property For Sale
Investment Highlights
- New NNN Medical Office/Urgent Care
- 1 full floor of value add potential - 9+ cap with 75% occupancy!
- Renovations in 2025
Executive Summary
2 floors of Medical NNN, 1 floor of law firm. The cap rate is based on current NOI - which may be achievable with other tenants as well in the market. 25% vacancy to drive value add upside. Tenant invested over $500,000 in renovations.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
22,400 SF
Building Class
B
Year Built/Renovated
1920/2010
Price
$1,897,000
Price Per SF
$84.69
Cap Rate
9.45%
NOI
$179,200
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
5,600 SF
Slab To Slab
12’
Building FAR
0.78
Lot Size
0.66 AC
Opportunity Zone
Yes
Zoning
C2, Pontiac
Parking
10 Spaces (1.67 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 14-32-231-003 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $510,510 |
Property Taxes
Parcel Number
14-32-231-003
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$510,510
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