Lakefront Office Building with
For Sale
$999,999
11032 Grand River Road, Green Oak Township, MI 48116
Commercial building with two office units and an attached residence, including an ADA-accessible ramp and ADA-friendly entry.
Property Size2,520 SF
Lot Size1.00 Acre
Price / SF$396.83
Days on Market36
Property Features for 11032 Grand River Road
General Information
Standard status
Active
Size
2,520 SF
Lot size
1.00 Acre
Property subtype
Commercial
Building Details
Year Built
1981
Listing Agency:
Avera Realty
(734) 330-6501
Listed By:
Ron Yarbrough · License #6501388642
(734) 330-6501
Source:
Homesforsaleinmich
Added: Jun 25
Changed: Jul 21
Last Checked: Jul 30 at 12:13PM
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 Avera Realty
Investment Insights
Based on property information with market context.
This lakefront office building includes two separate commercial office units, each measuring 1,260 square feet, plus an attached residence with 5,600 square feet. The main-level commercial space features an ADA-accessible ramp and is set up as a dental office with a waiting room, reception area, three examination rooms, and a bathroom, along with plumbing and suction-equipped rooms.
A second 1,260-square-foot lower-level office unit is currently vacant and has previously been leased for multiple uses, including an attorney’s office and a graphic designer’s office. Both commercial spaces benefit from lake views.
The adjoining home has six bedrooms and 5.1 bathrooms. On-site parking is available, with a pole and display for signage already in place, and the property is listed with Green Oak Township taxes. The seller also has three nearby adjacent properties listed for sale on the same terms, which may be considered individually or together.
A second 1,260-square-foot lower-level office unit is currently vacant and has previously been leased for multiple uses, including an attorney’s office and a graphic designer’s office. Both commercial spaces benefit from lake views.
The adjoining home has six bedrooms and 5.1 bathrooms. On-site parking is available, with a pole and display for signage already in place, and the property is listed with Green Oak Township taxes. The seller also has three nearby adjacent properties listed for sale on the same terms, which may be considered individually or together.
Key Highlights
- Commercial building on 1 acre with lake frontage on Briggs Lake
- 2,520 sq ft commercial space in two separate 1,260 sq ft units (main level dental office and lower level office)
- ADA accessible ramp and ADA‑friendly entry on the main commercial level
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 | $53.8k | $21.36 |
| − Vacancy | −$7.0k | −$2.78 |
| EGI | $46.8k | $18.58 |
| − OpEx | −$18.7k | −$7.43 |
| NOI | $28.1k | $11.15 |
2,520 SF · lease $21.36/SF/yr · vacancy 13.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$401.4K
$351.2K – $468.3K
NOI $28,098 @ 7.0% cap · market cap 2.81%
Second Best
Mixed Use
$267.3K
$233.9K – $311.9K
NOI $18,711 @ 7.0% cap · market cap 1.87%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
Explore this area
Business Placement
Demographics for 48116, MI
26,942
Population
12,230
Households
2.2
Avg Household Size
45
Median Age
51%
College-Educated
97%
High-School Grad
36.9 sq mi
ZIP Area
730
Density / Sq Mi
$109,606
Median Household Income
$59,173
Median Earnings
$1,229
Median Rent
$355,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Commercial building with two office units and an attached residence, including an ADA-accessible ramp and ADA-friendly entry.
Where is this live-work space located?
The property is located at 11032 Grand River Road Green Oak Township, MI.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Commercial building on 1 acre with lake frontage on Briggs Lake; 2,520 sq ft commercial space in two separate 1,260 sq ft units (main level dental office and lower level office); ADA accessible ramp and ADA‑friendly entry on the main commercial level
