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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
27277374
27277375

33 N Saginaw St, Pontiac, MI 48342

LG
IL 481-012651
Pike Street Properties
Listed by Pike Street Properties
$500,000
639 days on market
Updated 32 days ago
Opportunity zone

33 Saginaw Goldmine

Details
Property Type Office, Retail
Sub Type Creative Office
Square Footage 7,500
Cap Rate 6.4%
NOI $32,000
Pro-Forma Cap Rate 8.8%
Pro-Forma NOI $44,000
Year Renovated 2018
Sale Condition For sale by owner

Office | 6.40% CAP | 7,500 SF

Marketing description

Discover a rare gem in the heart of the city at 33 N Saginaw. This versatile property offers a golden opportunity for investors and visionaries alike. Currently, the main floor is a functional office space, providing immediate rental income or a workspace for your business.

What sets this property apart is the remarkable potential on the upper floors. The building was meticulously gutted in 2018, featuring brand-new mechanicals that are ready to support your vision. The second and third floors are primed for transformation, with existing mechanicals and new construction already in place.

The only step left is to add your personal touch with new finishes to create a stunning apartment on the second and third floor and create your personal entertaining space with the possibility of your private rooftop deck. Imagine the possibilities—an elegant living space or a lucrative rental property in a vibrant location.

Seize the chance to turn this well-maintained building into a profitable venture. At 33 N Saginaw, the foundation is set; now it’s your turn to build the future. Contact us today to explore this exceptional opportunity!

Listing Contacts

LG
IL 481-012651
Pike Street Properties
Listed by Pike Street Properties

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$32,000.00
$2,666.67/mo

Valuation Metrics

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DSCR
6.4%
Cap Rate
6.4%
ROI

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