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$ 349,000
Est. payment /mo
Active
45 N Saginaw ST Pontiac, MI 48342
4,900 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type RealEstateOnly
Listing Status Active
Purchase Type For Sale
Square Footage 4,900 sqft
Price per Sqft $71
Subdivision Original Plat-Pontiac
MLS Listing ID 20261031702
Year Built 1920
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type RealEstateOnly
Property Description
Positioned in the core of Downtown Pontiac, this mixed-use asset presents a strong value-add opportunity in one of Oakland County's steadily revitalizing markets, benefiting from ongoing public and private reinvestment and increasing business activity. The property features approximately 2,450 square feet of first-floor commercial space with high ceilings—ideal for retail, showroom, or office use—along with a full 2,450 square foot basement for storage or future expansion. The first floor has been fully gutted, offering a blank slate for repositioning and lease-up. A 2,400 square foot upper-level apartment is currently leased at $850/month, providing immediate income and helping offset holding costs during redevelopment. Zoned BI – Business Intensive, the property allows for a wide range of uses including retail, office, mixed-use residential, restaurants, and service businesses—maximizing flexibility and long-term upside. A well-located, income-producing asset with clear potential for value creation in a resurging downtown corridor.
Highlights:
Located in Downtown Pontiac, a revitalizing Oakland County market with ongoing reinvestment
Value-add mixed-use opportunity with strong upside potential
Property Overview:
±2,450 SF first-floor commercial space with high ceilings (ideal for retail, showroom, or office)
±2,450 SF full basement for storage or future expansion
First floor fully gutted—ready for custom buildout
Income Component:
±2,450 SF Second-floor apartment leased at $850/month
Provides immediate cash flow and offsets holding costs
Zoning & Flexibility:
BI – Business Intensive zoning
Permits retail, office, mixed-use, restaurants, and service businesses
Investment Appeal:
Blank-slate commercial space for repositioning
Multiple income streams
Located in a growing downtown corridor with long-term upside
Highlights:
Located in Downtown Pontiac, a revitalizing Oakland County market with ongoing reinvestment
Value-add mixed-use opportunity with strong upside potential
Property Overview:
±2,450 SF first-floor commercial space with high ceilings (ideal for retail, showroom, or office)
±2,450 SF full basement for storage or future expansion
First floor fully gutted—ready for custom buildout
Income Component:
±2,450 SF Second-floor apartment leased at $850/month
Provides immediate cash flow and offsets holding costs
Zoning & Flexibility:
BI – Business Intensive zoning
Permits retail, office, mixed-use, restaurants, and service businesses
Investment Appeal:
Blank-slate commercial space for repositioning
Multiple income streams
Located in a growing downtown corridor with long-term upside
Location
State MI
County Oakland
Area Area02142Pontiac
Interior
Fireplace No
Exterior
View Y/N No
Garage false
Building
Foundation Basement, Poured
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Pontiac
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
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Listed by Austin Yatooma of Sky Property Group LLC
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