Two-Story Medical Spa
116 Mill St Fenton, MI 48430
116 Mill St, Fenton, MI, 48430
$1,975,000
For Sale
$1,975,000
Two-story med-spa building in downtown Fenton with adjacent municipal parking.
Property Size5,632 SF
Price / SF$350.67
Days on Market155
Property Features for 116 Mill St
General Information
- Standard status
- Active
- Size
- 5,632 SF
- Property subtype
- Office
Listing agency
Thomas A. Duke Company
(248) 476-8661
Listed by
Ethan Whitesell · License #6501336460
Source
Cpix.resimplifi
Added: Feb 17 Updated: Jul 22 at 12:38AM Checked: Jul 22 at 12:38AM
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 Thomas A. Duke Company
Investment Insights
Based on property information with market context.
This two-story medical spa building is offered for sale and features high-end finishes and distinctive architecture. The property is configured as a med-spa facility and is currently associated with a med-spa tenant operating 20 locations.
The building is located in downtown Fenton, with additional municipal parking adjacent to the property.
As a multi-story healthcare-focused asset, the space is designed to support a medical spa environment with the improvements already in place.
The building is located in downtown Fenton, with additional municipal parking adjacent to the property.
As a multi-story healthcare-focused asset, the space is designed to support a medical spa environment with the improvements already in place.
Key Highlights
- Two‑story med‑spa building in Downtown Fenton
- Med‑spa tenant in place with a reported 20 locations
- Additional municipal parking adjacent to the building
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 | $121.7k | $21.60 |
| − Vacancy | −$15.2k | −$2.70 |
| EGI | $106.4k | $18.90 |
| − OpEx | −$42.6k | −$7.56 |
| NOI | $63.9k | $11.34 |
5,632 SF · lease $21.60/SF/yr · vacancy 12.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$912.4K
$798.3K – $1.06M
NOI $63,867 @ 7.0% cap · market cap 3.23%
Second Best
Office B
$886.3K
$775.6K – $1.03M
NOI $62,044 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $82,959 @ 7.0% cap · market cap 4.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
RegenCen: Dr. Gustav ...
Medical Clinic
REJUV AVE.
Spa & Massage Center
Similar For Sale Nearby
Similar Off Market Nearby
- Ivy Rehab Physical Therapy — 400 Rounds Dr, Fenton, MI 48430
- Ivy Rehab for Kids — 400 Rounds Dr, Fenton, MI 48430
- Alive & Well Fenton — 202 W Shiawassee Ave suite 110, Fenton, MI 48430
FAQs
What type of property is this?
Spa & wellness property - Two-story med-spa building in downtown Fenton with adjacent municipal parking.
Where is this spa & wellness property located?
The property is located at 116 Mill St Fenton, MI.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Two‑story med‑spa building in Downtown Fenton; Med‑spa tenant in place with a reported 20 locations; Additional municipal parking adjacent to the building
