One-Story Medical Office
1055 Charter Drive Flint, MI 48532
1055 Charter Drive, Flint, MI, 48532
$1,990,000
For Sale
$1,990,000
One-story medical office building with four main entryways, multiple reception areas, and ample onsite parking, zoned O-1.
Property Size15,000 SF
Lot Size2.50 Acres
Price / SF$132.67
Days on Market380
Property Features for 1055 Charter Drive
General Information
- Standard status
- Active
- Size
- 15,000 SF
- Lot size
- 2.50 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2003
Listing agency
Ham Group Realty
(810) 659-6569
Listed by
Lucy W Ham · License #122522
(810) 659-6569
Source
Carolbollo
Added: Jul 8, 2025 Updated: Jul 21 at 7:53AM Checked: Jul 21 at 7:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ham Group Realty
Investment Insights
Based on property information with market context.
This one-story medical office building is presented in immaculate condition and is currently operated by the owner as a health care training center. The layout includes four main entryways leading to reception areas, with a sprawling interior configuration offering over 20 offices, reception areas, kitchens, conference/training areas, storage, and a private lunch patio for staff.
The property is located in Flint Charter Township, MI, on landscaped acreage just minutes from I-69 and I-75 and served by a bus line. It sits among established businesses, including a credit union, a senior living center, and physicians’ offices. The building’s zoning is O-1, and the property includes spacious onsite parking.
The property is located in Flint Charter Township, MI, on landscaped acreage just minutes from I-69 and I-75 and served by a bus line. It sits among established businesses, including a credit union, a senior living center, and physicians’ offices. The building’s zoning is O-1, and the property includes spacious onsite parking.
Key Highlights
- 15,000 SF one‑story medical office building built in 2003
- Set on 2.5 landscaped acres with spacious onsite parking
- Four main entryways with reception areas for future leasing possibilities
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $324.0k | $21.60 |
| − Vacancy | −$40.5k | −$2.70 |
| EGI | $283.5k | $18.90 |
| − OpEx | −$113.4k | −$7.56 |
| NOI | $170.1k | $11.34 |
15,000 SF · lease $21.60/SF/yr · vacancy 12.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$2.43M
$2.13M – $2.84M
NOI $170,100 @ 7.0% cap · market cap 8.55%
Second Best
Office B
$2.36M
$2.07M – $2.75M
NOI $165,245 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$3.16M
$2.76M – $3.68M
NOI $220,948 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
MPI Home Care
Home Health Care Service
Charter Health Care ...
Trade School
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FAQs
What type of property is this?
Medical center - One-story medical office building with four main entryways, multiple reception areas, and ample onsite parking, zoned O-1.
Where is this medical center located?
The property is located at 1055 Charter Drive Flint, MI.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: 15,000 SF one‑story medical office building built in 2003; Set on 2.5 landscaped acres with spacious onsite parking; Four main entryways with reception areas for future leasing possibilities
