$2,330,000

1163 Chestnut Street, Pontiac, MI 48342

  • Property Icon Land
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon5.58acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 5 months ago

Property Description

Attention investors and developers: this is the opportunity you’ve been waiting for! Located just 5 minutes from Oakland University, this shovel-ready site requires no variances or rezoning. Zoned for multi-family residential, the approved site plan allows for up to eight 11-unit, 3-story apartment buildings—each with its own garage. Concept drawing is available! With a growing demand for student housing in the area, this is an ideal location to capitalize on a high-demand rental market. Alternatively, take advantage of the flexibility to build and sell the units individually for a more immediate return on investment. Third option, is to sell each unit individually at/around $249,000.00. Price per unit based on maximum density/occupancy of 87/88 units, is approximately $27,100/unit. Price per unit based on minimum density/occupancy is $32,250/unit. Don’t miss your chance to develop a highly desirable income-generating property in a thriving area. Reach out today to schedule a tour and explore the full potential of this exceptional site!

Listing Status:
Active
Data Last Updated:
February 15, 2026 at 5:43AM
Listing Office:
Brookstone, Realtors LLC : 2489630505
Listing Agent:
Nahed Yousif : 2489630505
MLS ID:
20251035265
  • Road/Access: Paved
  • Originating MLS: Realcomp II Ltd
  • School District: Pontiac
  • County: Oakland
  • Zoning: T3NR10ESEC 22 PART OF NE 1/4 BEG AT PT DIST N 88-38-00 E 150 FT FROM CENTER OF SECTH N 01-26-00 W 41.77 FTTH N 50-23-00 E 460.56 FTTH S 39-37-00 E 140 FTTH N 50-22-57 E 292.92 FTTH N 88-29-24 E 80.11 FTTH S 01-30-36 E 26.29 FTTH N 8 8-29-24 E 134.50 FTTH S 01-30-36 E 372.54 FTTH S 88-38-00 W 893.95 FT TO BEG 5.58 A 2-26-09 FR 008ALSO 256-076 TO 081 INCL1422253009
  • Water: PublicWaterat street
  • Sewer: Public sewerSewer at street
  • Source: Realcomp II Ltd

This listing courtesy of Nahed Yousif , Brookstone, Realtors LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

H

Herrington School

541 Bay St, Pontiac, MI, 48342

Grades KG-6

0.29 miles away

P

Pontiac Middle School

1275 N Perry St, Pontiac, MI, 48340

Grades 6-8

0.77 miles away

P

Pontiac High School

1051 Arlene Ave, Pontiac, MI, 48340

Grades 9-12

0.92 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.