989 University Dr, Pontiac, MI 48342-1885
- Medical Office Space
- 9,045 SF
- 0.96 lot acres
Current Use by Public Records
- Herbert L Isaac PC / Medical Clinic
- Rosanna Palmer, MSW / Foster Care Service / Social Service Agency
- Dr. Kingsley A. Thomas MD / Pediatrician / Medical Clinic
- Dr. Carmen Cardona, MD / Pediatrician / Physician
- Atluri Khajendranath RPH / Pharmacy
Property Details for 989 University Dr
- Year built
- 1975
- Lot size
- 0.96 lot acres
- Zone code
- BI
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 64-14-22-327-022
- APU
- 641422327022
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 8, 2021 | $665,000 | Parkside Lands LLC | Vipin F Patel | Warranty Deed | — |
| Sep 28, 2004 | $580,000 | Vipin Patel | Indira Estate Lc | Warranty Deed | $460k · Private Bank |
| Sep 28, 2004 | $460,000 | Private Bank | Patel,vipinchandra | Grant Deed · related | — |
| Apr 30, 2004 | — | Est Indira | Kaul,manmohan & Mini | Quit Claim Deed · related | — |
| Dec 10, 1998 | — | Manmohan Kaul | Farm Bureau Life Insurance | Grant Deed · related | — |
| — | — | Man M Kaul | — | Deed Of Trust · related | $213k · N B D Bank NA |
| — | — | Manmohan Kaul | — | Deed Of Trust · related | $300k · Michigan National Bank |
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 Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $700,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $899,000
- AI Estimate
- $518,000
Market price range: $899k - $2.07MMarket price range: $366k - $1.45M
Get a detailed, property-specific estimation — fast and free
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
