Commercial Building with Apartment

Retail-Commercial for Sale
Also listed as Multi-Family
Catylist Listing ID: 30826721
Property Subtypes: Mixed Use, Retail-Pad, Vehicle Related
Building Size (RSF): 8,000 SF
Gross Building Area: 12,000 SF
Gross Land Area: 0.13 Acres
Sale Price: $479,000
Unit Price: $59.88 PSF
Ceiling: 14 ft.
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Usable Size (USF): 12,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/26/2023

Overview / Comments

This Building Features so many possibilities. Built in 1903 Historical bank Building 8,ooo SF Building. Residential Living Upstairs or Rental Income Opportunity and Commercial Business on Main Floor! Ground floor features: Amazing 14 Ft Ceilings that have been freshly painted, large windows, lots of natural light throughout, with ceiling fans and LED lighting, ADT Security with motion alarm cameras inside and out, Half carpeted half antique penny tile and wood floors. Side door entry right near a 6000 ft. parking lot which is shared with the connecting building owner. Building has been used for showroom and manufacturing for Sign Company for 40 years, In the back is a Large Garage with a 12 x 14 Electric Grade Level Door. Original Tin ceiling in main floor Showroom/manufacturing area. Full 4,000 SF Basement is open floor plan with 8.5 ft. ceiling for manufacturing or storage, new boiler furnace for building, dust collector, air compressor 10 horsepower, and snow blower, electric service 120 amps to 320 amp, with running water and air. Ramp to basement and spiral staircase to upstairs front area of building, as well as a large 4 ft. wide staircase at rear of building. Top floor which is Rental or Owner Living Area 4000 SF Loft and/or Office or Living Rental Possible 3 Apartments. Office and living quarters in progress, 38 new windows w/ sound deadening thermal pane in the whole top floor, with new forced air natural gas furnace and air conditioning, new drywall and doors. Floors have been sanded and refinished 8 years ago. Laundry upstairs, possible walk in closet and bath in bedroom, owner lives there now. Building is set up for living in upstairs with office, manufacturing down stairs with showroom and basement. Their is 2 buildings connected together. The one For Sale is the Freshly Painted Only. Zoned R3 - Multi Family Dwelling.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Pontiac
Tax ID/APN: 1429257021
Retail Clientele: General, Business
Property Visibility: Excellent
Largest Nearby Street: Woodward
Feet of Frontage: 40
Traffic/Vehicle Count: 100,000
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 4,000 SF
Property Condition: Excellent
Year Built: 1903
Year Renovated: 2000
Roof Type: Flat
Construction/Siding: Block
Total Parking Spaces: 4
Parking Type: Surface
Heat Type: Natural Gas, Hot Water
Heat Source: Central, Radiant
Air Conditioning: Engineered System
Lot Frontage: 40
Lot Depth: 124
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,119 86,324 181,482
Median Age: 34.56 35.6 38.81
Households: 4,476 33,991 71,497


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