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 |
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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