Property profile

3325 University Dr Auburn Hills, MI 48326

OFF-MARKET
Turn key restaurants
Property ID
US43-0215072
5,405 SF 1.78 ac lot Built 2000
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

University Shoppes, a new retail development, offers exceptional leasing opportunities. Projected completion is the first quarter of 2025. This 7,110 square foot center features four suites, with a minimum divisible space of 1,415 square feet and a maximum contiguous space of 2,286 square feet. Currently, 6,950 square feet are available for lease. The property boasts a highly desirable location just west of Oakland University, boasting an enrollment exceeding 21,000 students, and in close proximity to Baker College, both situated on University Drive. The strategic location benefits from over eight million square feet of nearby office space, including the Chrysler World Headquarters, creating a robust customer base. This presents a unique chance for fast-casual restaurants and neighborhood service retailers to establish themselves in a market currently lacking sufficient retail options. The site offers excellent visibility and accessibility from University Drive and the convenient I-75 freeway interchange. Ample parking is available with 69 spaces. This development is poised to capitalize on the significant student population and thriving business community in the area. Contact us today to secure your space in this promising retail center.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2000
Total area 5,405 SF
Lot 1.78 ac (77,537 SF)
Zoning code B-2
APN 02-14-13-176-008
UPID US43-0215072

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Corporate Office

Location

3325 University Dr Auburn Hills, MI 48326-2363
Auburn Hills metro Census 140101 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$559k
Blend (final) Blend
$375k

Owner & transaction history

since 2022
7 recorded transactions
2024
Price N/A
2022
Price N/A
2019
Price N/A
2017
Price N/A
2001
Price N/A
2001
$800,000
1999
Price N/A

Zoning & alternative use

B-2 · Auburn Hills, MI
Zoning description

This district is intended to serve the overall shopping needs of residents both within and beyond the City including convenience, comparison and highway needs

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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