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    500 University Dr Pontiac, MI 48342

    Sponsored
    For Sale
    $650,000

    2.4 Acres, C-1 Zoning, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.4-acre commercial land parcel presents a unique investment opportunity in Pontiac, Michigan. Located at 500 University Drive, at the intersection of MLK Boulevard and University Drive, this property boasts a highly desirable C-1 zoning designation, opening doors to a wide range of commercial development possibilities. The strategic location offers unparalleled visibility and accessibility, situated directly adjacent to a White Castle restaurant and conveniently positioned alongside the on-ramp to M-59. Furthermore, its proximity to major transportation arteries, including I-75 (one mile away) and a half-mile distance to an Amazon distribution center, ensures significant traffic flow and potential for high customer volume. The property's Assessed Parcel Number (APN) is 14-28-230-019. This prime location, combined with its substantial size and advantageous zoning, makes this land a compelling investment for developers seeking high-impact commercial projects in a thriving area. The asking price for this exceptional property is $650,000. Serious inquiries are encouraged.

    Property Features for 500 University Dr

    General Information

    Property type
    Land
    Lot Size
    104,544 SF

    HighLights

    • 2.4‑acre commercial land parcel in Pontiac, MI.
    • Located at 500 University Drive, at the intersection of MLK Boulevard and University Drive.
    • C‑1 zoning allows for diverse commercial development.
    • High visibility and accessibility, adjacent to White Castle and M‑59 on‑ramp.
    • Close proximity to I‑75 and an Amazon distribution center.
    • APN: 14‑28‑230‑019.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pontiac
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2747957
    Latitude
    42.6459874

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    FAQs

    What type of property is this?
    Land - 2.4 Acres, C-1 Zoning, High Traffic
    Where is this land located?
    The property is located at 500 University Dr Pontiac, MI.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: 2.4-acre commercial land parcel in Pontiac, MI.; Located at 500 University Drive, at the intersection of MLK Boulevard and University Drive.; C-1 zoning allows for diverse commercial development.
    Request Owner's contact information
    500 University Dr Pontiac, MI 48342
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    Pontiac, MI 48342
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500 University Dr Pontiac, MI 48342
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