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245 S Paddock St
Pontiac, MI 48342
Redevelopment Site | Senior Living · Land For Sale
·
3.15 AC
Investment Highlights
- Institutional-Quality Scale – Planned as a 4-story, ~92,000 SF senior living community with strong unit density.
- Prime 3.14-Acre Location – Strong frontage along S. Paddock, Willard, and Cottage Streets with excellent accessibility.
- Service-Driven Revenue Upside – Ability to incorporate optional services such as meals, transportation, and wellness programs.
- Strong Market Fundamentals – Located in Oakland County with proximity to healthcare systems, employment hubs, and sustained senior housing demand.
Executive Summary
All Major Approvals Secured – Zoning, site plan, engineering, and architectural approvals completed; permits are the primary remaining step. The West Manor Senior Apartments site presents a shovel-ready redevelopment opportunity with minimal entitlement risk and a clear path to construction. Previously
approved for a 90-unit, four-story senior housing development totaling approximately 92,000 square feet, the project has secured key approvals including zoning, site plan, engineering, and architectural clearances—allowing an investor to move directly into permitting and vertical construction. Following a prior casualty event, the site now offers a clean slate for modern development, enabling updated design, construction eciencies,
and full compliance with current building standards.
Planned as a mixed-income community with 44 rent-restricted and 46 market-rate units, the project supports a diversied revenue strategy and aligns well with nancing tools such as LIHTC, HOME funds, and conventional debt. Situated on a 3.14-acre site with strong frontage along S. Paddock, Willard, and Cottage Streets, the property benets from proximity to healthcare, retail, and major employment centers in Oakland County— supporting long-term demand for senior housing. With its entitlement certainty, strong fundamentals, and potential for service-enhanced living, this opportunity offers a compelling path to stabilized yield and long-term value creation.
Discover the vibrant city of Pontiac, MI, where the property is located. Nestled in a dynamic community, the area offers a variety of amenities and attractions ideal for Multifamily/High-Rise investors. Explore the nearby popular Pontiac attractions, such as the historic Pontiac Silverdome, now a hub for events and entertainment, the Great Lakes Crossing Outlets for premier shopping, and the picturesque Pontiac Lake State Recreation Area. With a blend of urban conveniences and natural beauty, the area provides an enticing setting for potential investors looking to capitalize on the thriving Pontiac market.
approved for a 90-unit, four-story senior housing development totaling approximately 92,000 square feet, the project has secured key approvals including zoning, site plan, engineering, and architectural clearances—allowing an investor to move directly into permitting and vertical construction. Following a prior casualty event, the site now offers a clean slate for modern development, enabling updated design, construction eciencies,
and full compliance with current building standards.
Planned as a mixed-income community with 44 rent-restricted and 46 market-rate units, the project supports a diversied revenue strategy and aligns well with nancing tools such as LIHTC, HOME funds, and conventional debt. Situated on a 3.14-acre site with strong frontage along S. Paddock, Willard, and Cottage Streets, the property benets from proximity to healthcare, retail, and major employment centers in Oakland County— supporting long-term demand for senior housing. With its entitlement certainty, strong fundamentals, and potential for service-enhanced living, this opportunity offers a compelling path to stabilized yield and long-term value creation.
Discover the vibrant city of Pontiac, MI, where the property is located. Nestled in a dynamic community, the area offers a variety of amenities and attractions ideal for Multifamily/High-Rise investors. Explore the nearby popular Pontiac attractions, such as the historic Pontiac Silverdome, now a hub for events and entertainment, the Great Lakes Crossing Outlets for premier shopping, and the picturesque Pontiac Lake State Recreation Area. With a blend of urban conveniences and natural beauty, the area provides an enticing setting for potential investors looking to capitalize on the thriving Pontiac market.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 3.15 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | AI | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 3.15 AC |
| Opportunity Zone |
Yes |
| Zoning | AI |
1 Lot Available
Lot
| Lot Size | 3.15 AC |
| Lot Size | 3.15 AC |
Shovel-Ready Development Site – Fully entitled for a 90-unit senior housing project, signicantly reducing pre-development timeline and risk.
Property Taxes
| Parcel Number | 14-33-136-001 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $89,770 CAD |
Property Taxes
Parcel Number
14-33-136-001
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$89,770 CAD
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