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1531 Highwood St

Pontiac, MI
Floors
2
Total Size
13,400 sqft
Zoning
IP-1; INDUSTRIAL PARK
Year Constructed
1996
Year Renovated
0
Building Class

About 1531 Highwood St

The subject property is in a prime location in the northeast section of Pontiac with excellent access to I-75 and Telegraph Road, positioned in a busy industrial park. 5,100 SF of the property is OCCUPIED on a month-to-month basis by a separate tenant (see Agent for current rent) who has been in the building for 17 years, and 8,300 SF of the property is vacant as of January 31, 2015. The 13,400 SF building is well maintained and has the additional option to expand the building another approximately 4,400 SF (footings are in) to the north. The parking lot needs basic maintenance, and it was noted by ownership that the roof and HVAC are in good working condition. The shop area has 20' ceiling heights, but a clear height of 18'. The building has two roll-up doors with a height of 14' each. There are no truck wells. Vacant unit has numerous offices, a conference room, and beautiful executive office with its own restroom and shower. - Number of buildings: 1 - Building condition: Good - Tenancy: Multiple Tenants

Internet Providers for 1531 Highwood St

Provider Technology Max Download Speed Max Upload Speed
Comcast Cable
1 Gb/s
25 Mb/s
AT&T Michigan DSL
25 Mb/s
3 Mb/s
MegaPath Corporation Copper Wireline
6 Mb/s
6 Mb/s

The City: Pontiac

On average, listings lease in the $10's per square foot per year. The Pontiac submarket is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decline in rent.

Compared to the rest of the Metro Detroit market, the Pontiac submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.

Median Rate Median Size
Pontiac $16
/sqft/yr
4,000
sqft
Median Rate Median Size
Metro Detroit $21
/sqft/yr
2,528
sqft

Median Rate over Time in Pontiac