900 Joslyn Ave Pontiac, MI 48340
- Banks
- 3,450 SF
- 0.85 lot acres
Current Use by Public Records
- Banks
Property Details for 900 Joslyn Ave
- Year built
- 1966
- Lot size
- 0.85 lot acres
- Property size
- 3,450 SF
- Zone code
- BI
- Property type
- Banks
- APN
- 64-14-21-201-001
- APU
- 641421201001
Description
This exceptional 3,450-square-foot commercial property, located at 900 Joslyn Avenue in Pontiac, Michigan, presents a unique investment opportunity. Built in 1966, this single-story, stand-alone building sits on a 0.85-acre lot and boasts excellent visibility and frontage on Joslyn Avenue. Its strategic location directly across from the General Motors Pontiac Campus ensures high traffic and exposure. The property features a large parking lot and convenient drive-thru lanes, making it ideal for a variety of commercial uses. The building's history as a bank is reflected in the still-in-place bank vault, offering potential for unique adaptations. The asking price is $699,900, translating to $202.87 per square foot. The property is zoned for commercial use and offers significant potential for redevelopment or repurposing. This is a rare opportunity to acquire a well-situated, versatile commercial property in a high-traffic area with ample parking and drive-thru capabilities. The property's size and features make it suitable for a range of businesses. Don't miss this chance to capitalize on this prime Pontiac location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $225,000
- 6.5%
- $200,000
- 7%
- $225,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $235,000
- Geo Method
- $210,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $240,000
- Retail
- $250,000
- Mixed-Use
- $210,000
- Hospitality
- $245,000
- Educational
- $260,000
- Residential Income
- $245,000
- Energy
- $205,000
- Income-Based Land
- $195,000
- Food Service
- $250,000
Location Insight
- Map
- Local Demand
- City
- Pontiac
- County
- Oakland
- State
- Michigan
- Longitude
- -83.2797
- Latitude
- 42.6627
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA