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Mixed Use Retail/ Office/ Lofts 35 N Saginaw St 6,500 SF 100% Leased Retail Building Pontiac, MI 48342 For Sale
Investment Highlights
- fully renovated 6,500 SF, three-story property
- 1,000 SF retail space on the first floor; 1,900 SF loft featuring 2 bed/1.5 bath and serving as the owners' apartment
- walkout, finished basement spanning 3,000 SF
- constructed in 1920, has been thoughtfully modernized to offer a compelling blend of historic elegance and contemporary amenities
- 1,000 SF loft-style apartment on the second floor, and a 1,000 SF apartment on the third floor with roof access available
- new roof; ideally suited for a special purpose or other investment endeavors
Executive Summary
Historic 1830s Mixed-Use Retail/Office/Residential Investment Opportunity | 6,500 SF For Sale
Strategically located in the Revitalized Downtown Pontiac. Portfolio of properties at 35 & 47 N. Saginaw St, are vintage 1830's mixed-use buildings with exposed brick and original hardwood floors retaining much of its detail rich history. Enjoy the walkable (live/work/play) lifestyle in downtown Pontiac.
The downtown district enjoys an array of dining and entertainment options. Pontiac's strategic positioning within the Detroit metropolitan area provides excellent connectivity, while the city's ongoing revitalization efforts underscore its attractiveness for investment.
Both properties enjoy full occupancy and share similar advantages:
Historic Architecture, Ample, & Prominent Building Signage
C-2, Downtown Mixed-Use District
Heart of Walkable Downtown Pontiac
Very High Walkable & Bikeable Scores to local restaurants, retailers, cafes, shops
Qualified Opportunity Zone (QOZ)
Abundant on/offsite parking
Easy access to Woodward Avenue, M-59 and I-75 expressways
? Minutes from Woodward Ave (Oakland County) and M-59 (Macomb County)
? Minutes from the upcoming home of the Oakland County Government Headquarters
? High Traffic Counts / Heavy Daytime Traffic / Near Busy Trade Area
? Great Visibility + Access from Telegraph Rd
Strategically located in the Revitalized Downtown Pontiac. Portfolio of properties at 35 & 47 N. Saginaw St, are vintage 1830's mixed-use buildings with exposed brick and original hardwood floors retaining much of its detail rich history. Enjoy the walkable (live/work/play) lifestyle in downtown Pontiac.
The downtown district enjoys an array of dining and entertainment options. Pontiac's strategic positioning within the Detroit metropolitan area provides excellent connectivity, while the city's ongoing revitalization efforts underscore its attractiveness for investment.
Both properties enjoy full occupancy and share similar advantages:
Historic Architecture, Ample, & Prominent Building Signage
C-2, Downtown Mixed-Use District
Heart of Walkable Downtown Pontiac
Very High Walkable & Bikeable Scores to local restaurants, retailers, cafes, shops
Qualified Opportunity Zone (QOZ)
Abundant on/offsite parking
Easy access to Woodward Avenue, M-59 and I-75 expressways
? Minutes from Woodward Ave (Oakland County) and M-59 (Macomb County)
? Minutes from the upcoming home of the Oakland County Government Headquarters
? High Traffic Counts / Heavy Daytime Traffic / Near Busy Trade Area
? Great Visibility + Access from Telegraph Rd
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,500 SF
Building Class
C
Year Built/Renovated
1920/2017
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.75
Lot Size
0.20 AC
Opportunity Zone
Yes
Zoning
BI - 3-Story Mixed-Use Retail/Office/Residential
Parking
4 Spaces (0.84 Spaces per 1,000 SF Leased)
Frontage
1’ on Saginaw St
Amenities
- Signage
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-29-433-013 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $101,800 |
Property Taxes
Parcel Number
14-29-433-013
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$101,800
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Mixed Use Retail/ Office/ Lofts | 35 N Saginaw St
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