Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    989 University Dr Pontiac, MI 48342

    • Medical offices
    • 9,045 SF
    • 0.96 lot acres
    For Sale
    View listing
    $795,000
    Value Estimation
    Last Sale
    Mar 08, 2021
    $665,000
    Location Intelligence
    Property ID
    US43-5199083
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Herbert L Isaac PC / Medical Clinic / Family Practice Physician
    • Rosanna Palmer, MSW / Social Worker
    • Dr. Kingsley A. Thomas MD / Doctor / Pediatrician
    • Dr. Carmen Cardona, MD / Family Practice Physician
    • Atluri Khajendranath RPH / Pharmacy

    Property Details for 989 University Dr

    Year built
    1975
    Lot size
    0.96 lot acres
    Property size
    9,045 SF
    Zone code
    BI
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    64-14-22-327-022
    APU
    641422327022

    Description

    This exceptional 9,045 square foot office building presents a compelling investment opportunity in Pontiac, Michigan. Located at 989 University Dr, this Class C property boasts 8 units, currently 75% occupied, offering strong potential for passive income or owner-occupancy. Built in 1975, the building sits on a 0.96-acre lot and features 72 parking spaces, catering to tenants and visitors alike. The property is zoned C-1 and includes a mix of executive, medical, and traditional office spaces. The asking price is $649,000, translating to $71.75 per square foot. With an occupancy date of October 31, 2023, this property offers immediate income generation. Its prime location, just a couple of blocks west of N. Opdyke Rd and south of M-59, ensures high visibility and accessibility. The property's strong tenant base and solid occupancy rate make it an attractive investment for both passive income seekers and owner-occupants. The property's APN is 14-22-327-017, 14-22-327-022. This is a net lease investment.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $700,000

    • CAP approach

      CAP return
      Estimation
      6%
      $705,000
      6.5%
      $630,000
      7%
      $720,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $715,000
      Geo Method
      $730,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $560,000
      Retail
      $580,000
      Mixed-Use
      $675,000
      Hospitality
      $575,000
      Educational
      $630,000
      Residential Income
      $605,000
      Energy
      $685,000
      Income-Based Land
      $705,000
      Food Service
      $670,000

    Location Insight

    • Map
    • Local Demand
    City
    Pontiac
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2637
    Latitude
    42.6546
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $17,381
    $0.00
    $0.00
    $311,680
    -
    $0.00
    $0.00
    $623,360

    Comparable in this City

    • Value Estimation by Request
      1,327 SF

      110 Perry St

      MEDICAL BUILDING • 1,327 SF
      110 Perry St, Pontiac, MI 48342-2343
      View Details
    • Value Estimation by Request
      5,992 SF

      68 Lawrence St

      MEDICAL BUILDING • 5,992 SF
      68 Lawrence St, Pontiac, MI 48342-2107
      View Details
    • Value Estimation by Request

      46 Saginaw St

      Medical offices
      46 Saginaw St, Pontiac, MI 48342
      View Details
    • Value Estimation
      $865,000
      5,100 SF

      667 Martin Luther King Jr N Blvd

      DENTAL BUILDING • 5,100 SF
      667 Martin Luther King Jr N Blvd, Pontiac, MI 48342-1627
      View Details
    • Value Estimation by Request
      1,700 SF

      105 Saginaw St

      OFFICE BUILDING • 1,700 SF
      105 Saginaw St, Pontiac, MI 48342-2113
      View Details
    • Value Estimation by Request
      17,275 SF

      16 Huron St

      OFFICE BUILDING • 17,275 SF
      16 Huron St, Pontiac, MI 48342-2100
      View Details

    Similar Nearby for Sale

    • $750,000

      Pontiac Mixed-Use Investment

      Fully Leased, Gut Rehabbed Building
      16 Lawrence St, Pontiac, MI 48342
      View Details
    • $850,000
      15,478 SF

      Spacious Retail/Office Space in Pontiac

      7,039 SF retail/office space with finished lower level.
      108 N Saginaw St, Pontiac, MI 48342
      View Details
    • $200,000
      4,904 SF

      Pontiac Vacant Commercial Building

      Vacant 4904 SF building suitable for multiple uses.
      179 Edison St, Pontiac, MI 48342
      View Details
    • $699,000
      15,000 SF

      Downtown Pontiac Creative Office

      15,000 SF, fully renovated, $699,000
      18 Lawrence St, Pontiac, MI 48342
      View Details
    • Contact for pricing
      6,000 SF

      Downtown Pontiac Executive Office Space

      Prime location, 6,000 sq ft, lease or sale.
      148 Saginaw St, Pontiac, MI 48342
      View Details
    • $500,000
      7,500 SF

      Pontiac Creative Office Building

      7,500 SF Office, High Potential
      33 Saginaw St, Pontiac, MI 48342
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo

      Versatile Office and Medical Space

      2,700 sq ft office with flexible layout in Pontiac.
      673 W Martin Luther King Jr Blvd N Side B, Pontiac, MI 48342
      View Details
    • $799,000
      1,462 SF

      Victorian Mansion Mixed-Use Property

      Renovated Victorian mansion with residential and commercial spaces for lease.
      1075 Featherstone St, Pontiac, MI 48342
      View Details
    • $400 /Mo

      Downtown Pontiac Office Spaces Available

      Private offices in historic Riker Building with utilities and amenities.
      35 Huron St W, Pontiac, MI 48342
      View Details
    • Contact for pricing
      24,319 SF

      Downtown Pontiac Corner Location

      High-visibility space in revitalized Downtown Pontiac, suitable for retail/office.
      67 N Saginaw St, Pontiac, MI 48342
      View Details
    • $11 SF/Yr
      15,000 SF

      Prime Pontiac Executive Office Space

      Modern Suites, Flexible Sizes, Oakland County
      18 Lawrence St, Pontiac, MI 48342
      View Details
    • Contact for pricing
      15,000 SF

      Downtown Pontiac Loft Office Space

      Creative loft space with hardwood floors and downtown views.
      18 West Huron St, Pontiac, MI 48342
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    989 University Dr
    Pontiac, MI 48342
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.