MI
Oakland
Pontiac City
48342
1163 Chestnut Street
1163 Chestnut Street, Pontiac City, MI 48342
Share Listing
Listing Type
Lots/Land
Listing Status
active
11
$2,330,000

Home Details for 1163 Chestnut Street

Price
$2,330,000
Type
Land
Bedrooms
0
Bathrooms
Square feet
NaN
Lot size acres
5.58
County
Oakland
Garage
Days on site
85
MLS Listing#
20251035265
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. 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!

Property Features
  • Utilities
    • Sewer Available
    • Water Available
  • Cooling Information
    • None
  • Heating Information
    • None
  • Water Features
    • Public
Listing Courtesy: Brookstone, Realtors LLC - 248-963-0505
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Median Listing Price
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Median Square Feet
Market statistics compiled from data from Michigan Regional Information Center.
EXIT UNITED REALTY PROFESSIONALS
611 W. Nine Mile Rd, Ferndale, MI 48220
Office
248 677 3220
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