Medical Office Building with Multiple
989 University Drive Unit SourceFi Pontiac, MI 48342
989 University Drive Unit SourceFi, Pontiac, MI, 48342
$488,000
For Sale
$488,000
Well-maintained building with eight flexible units and adjacent parking across from Dollar General.
Property Size9,045 SF
Lot Size1.34 Acres
Price / SF$53.95
Days on Market164
Property Features for 989 University Drive Unit SourceFi
General Information
- Standard status
- Active
- Size
- 9,045 SF
- Lot size
- 1.34 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing Agency
(810) 397-5343
Listed by
Grand Blanc
(810) 397-5343
Source
Xome
Added: Feb 4 Checked: Jul 18 at 2:29 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Grand Blanc
Investment Insights
Based on property information with market context.
Well-maintained professional medical/office building offers eight individual units with a flexible layout that can support a range of office, medical, retail, and mixed-use applications. The sale includes two lots totaling 1.34 acres, providing additional paved parking capacity.
The property is located at 989 University Drive in Pontiac, MI 48342 on University Drive, with high visibility and access to nearby amenities. It is positioned directly across from Dollar General, and is described as being close to major highways with I-75 access at Opdyke Rd, along with Oakland University, GM facilities, and Amazon.
An adjacent lot on Kenilworth Ave. is included in the sale (PID 14-22-327-017), providing additional parking capacity of 22+ vehicles. The building is offered as an investment opportunity and also as an option for owner-occupants seeking stable tenancy in a proven commercial corridor.
The property is located at 989 University Drive in Pontiac, MI 48342 on University Drive, with high visibility and access to nearby amenities. It is positioned directly across from Dollar General, and is described as being close to major highways with I-75 access at Opdyke Rd, along with Oakland University, GM facilities, and Amazon.
An adjacent lot on Kenilworth Ave. is included in the sale (PID 14-22-327-017), providing additional parking capacity of 22+ vehicles. The building is offered as an investment opportunity and also as an option for owner-occupants seeking stable tenancy in a proven commercial corridor.
Key Highlights
- Well‑maintained professional medical/office building with eight individual units and flexible space for multiple business uses
- Two‑lot package totaling 1.34 acres, including an adjacent lot on Kenilworth Ave. included in the sale
- Additional parking capacity for 22+ vehicles associated with the included adjacent lot (PID 14‑22‑327‑017)
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.3k | $6.00 |
| − Vacancy | −$12.8k | −$1.41 |
| EGI | $41.5k | $4.59 |
| − OpEx | −$10.4k | −$1.15 |
| NOI | $31.1k | $3.44 |
9,045 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$1.75M
$1.53M – $2.04M
NOI $122,401 @ 7.0% cap · market cap 25.08%
Second Best
Retail
$1.39M
$1.22M – $1.62M
NOI $97,328 @ 7.0% cap · market cap 19.94%
Theoretical Best
Specialty Retail
$1.95M
$1.71M – $2.28M
NOI $136,565 @ 7.0% cap · market cap 27.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Herbert L Isaac ...
Medical Clinic
Rosanna Palmer, MSW
Foster Care Service
Dr. Kingsley A. Thomas ...
Pediatrician
Dr. Carmen Cardona, ...
Pediatrician
Atluri Khajendranath RPH
Pharmacy
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Well-maintained building with eight flexible units and adjacent parking across from Dollar General.
Where is this office units located?
The property is located at 989 University Drive Unit SourceFi Pontiac, MI.
What is the asking price?
The asking price for this property is $488,000.
What are key features of this property?
This property features: Well‑maintained professional medical/office building with eight individual units and flexible space for multiple business uses; Two‑lot package totaling 1.34 acres, including an adjacent lot on Kenilworth Ave. included in the sale; Additional parking capacity for 22+ vehicles associated with the included adjacent lot (PID 14‑22‑327‑017)
