Medical Office Condominium with Triple-Net
11174 HIGHLAND Road, Hartland, MI 48353
Three leased medical condo units in a multi-building complex with a roof replacement completed in 2025.
Type:Office
Property size:
11,000 SFPrice / SF:
$147/SF- Added:
- Jul 28, 2025
- Days on Market:
- 334
- Last Refresh:
- Jun 20 at 4:54 am
Property Features for 11174 HIGHLAND Road
General Information
- Standard status
- Active
- Size
- 11,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 2005
Listing office Callan/Luke RE/MAX Commercial Brokers
Listing date Jul 28, 2025
Source Crexi
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 Callan/Luke RE/MAX Commercial Brokers
HighLights
- Three medical office condo units in a multi‑building medical complex
- Year built: 2005
- Leases are triple net (NNN)
- Roof replaced for the entire building in 2025
- Tenant‑occupied spaces include Detroit Medical Center (4,313 SF) and Mercy Plus Health Care (total 4,380 SF across 2 units)
- Fourth condo unit occupied by Advance Physical Therapy; 3 of 4 units included in the offering
Overview
This offering includes three of the four condominium medical office units within a single building in a larger medical complex. The property is leased on a triple-net basis. Lease details referenced in the marketing materials include Detroit Medical Center occupying 4,313 square feet and Mercy Plus Health Care leasing a total of 4,380 square feet across two units. The fourth unit is occupied by Advance Physical Therapy, described as a complimentary user to the existing tenants.
The complex is located off M-59, with the Hartland Millennium Center noted as less than 1 mile east of US-23 on the south side of M-59. The materials describe the area as part of the M-59/US-23 corridor.
For investors or owner-operators seeking a healthcare-oriented asset, this configuration provides multiple secured tenants under triple-net leases, with condominium unit ownership aligning with multi-tenant medical use. The building roof was replaced in 2025, which supports ongoing exterior building maintenance planning. Prospective purchasers are directed to request financial and lease details through the listing office, with a confidentiality agreement required before those items are released.
The complex is located off M-59, with the Hartland Millennium Center noted as less than 1 mile east of US-23 on the south side of M-59. The materials describe the area as part of the M-59/US-23 corridor.
For investors or owner-operators seeking a healthcare-oriented asset, this configuration provides multiple secured tenants under triple-net leases, with condominium unit ownership aligning with multi-tenant medical use. The building roof was replaced in 2025, which supports ongoing exterior building maintenance planning. Prospective purchasers are directed to request financial and lease details through the listing office, with a confidentiality agreement required before those items are released.
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 | $235.0k | $21.36 |
| − Vacancy | −$30.5k | −$2.78 |
| EGI | $204.4k | $18.58 |
| − OpEx | −$81.8k | −$7.43 |
| NOI | $122.6k | $11.15 |
11,000 SF · lease $21.36/SF/yr · vacancy 13.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.75M
$1.53M – $2.04M
NOI $122,649 @ 7.0% cap · market cap 7.57%
Second Best
Office B
$541.0K
$473.4K – $631.1K
NOI $37,868 @ 7.0% cap · market cap 2.34%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Mercy Plus Autism ...
Crisis Center
Austin Wolford
Counselor
Megan Ziembowicz
Counselor
Sarah Huschke-Struhar
Physician
Lauren Pouliot
Counselor
Similar Places Nearby
- Dr. Kari Budday — 1515 Old US 23, Hartland, MI 48353
- Towne & Country Animal Hospital Hartland — 2099 Progressive Dr, Hartland, MI 48353
Location Insight
- Map
- Local Demand
- City
- Hartland
- County
- Livingston
- State
- Michigan
- Longitude
- -83.735159
- Latitude
- 42.634424
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Three leased medical condo units in a multi-building complex with a roof replacement completed in 2025.
Where is this medical office space located?
The property is located at 11174 HIGHLAND Road Hartland, MI.
What is the asking price?
The asking price for this property is $1,620,000.
What are key features of this property?
This property features: Three medical office condo units in a multi‑building medical complex; Year built: 2005; Leases are triple net (NNN)
