Medical Office with Treatment
New
For Sale
$1,100,000
1178 S Lapeer Rd, Lapeer, MI 48446
A flexible interior combines private consultation areas, an open workspace, and patio access near I-69 and downtown Lapeer.
Property Size3,384 SF
Price / SF$325.06
Days on Market5
Property Features for 1178 S Lapeer Rd
General Information
Standard status
Active
Size
3,384 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Property Use
Office
Amenities
electric fireplaces
custom LED lighting
track lighting
vinyl plank flooring
tile flooring
galley kitchen
work/storage rooms
private treatment or consultation rooms
bathrooms
shower
open area
sliding glass doors
patio
oversized windows
natural light
Building Details
Year Built
1954
Year Renovated
2015
Listing Agency:
Howard Hanna Real Estate
Listed By:
Greg Uihlein · License #6501350985
(734) 905-0990
Source:
Vmrealestatemichigan
Added: Oct 25
Changed: Oct 26
Last Checked: Oct 28 at 8:26AM
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 Howard Hanna Real Estate
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Investment Insights
Based on property information with market context.
The 3,384-square-foot medical office, built in 1954, includes five private treatment or consultation rooms, each with a sink, along with two private offices and two work or storage rooms. A galley kitchen and two bathrooms support the layout. The 750-square-foot open area has vinyl plank flooring, oversized windows, and two sliding glass doors leading to a patio. Interior finishes include vinyl plank and tile flooring, custom LED and track lighting, and five electric fireplaces; one bathroom has a shower and stone and tile finishes.
The property is seconds from I-69 and downtown Lapeer. The roof, air conditioning system, and two furnaces were updated in 2015.
The property is seconds from I-69 and downtown Lapeer. The roof, air conditioning system, and two furnaces were updated in 2015.
Key Highlights
- 3,384‑square‑foot medical office built in 1954
- Five private treatment or consultation rooms, each with a sink
- 750‑square‑foot open area with oversized windows and two sliding glass doors to the patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,791
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$775,820
$775.8K
Cap Rate 7%
$554,157
$554.2K
Cap Rate 9%
$431,011
$431.0K
Market Conditions
NOI Build-Up for 3,384 SF
Gross rent
$74.3K $21.96/SF
− Vacancy
−$9.7K −$2.85/SF
EGI
$64.7K $19.11/SF
− OpEx
−$25.9K −$7.64/SF
NOI
$38.8K $11.46/SF
Area
Lapeer County, MI
Vacancy
13.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$775,820
Cap Rate 7%
$554,157
Cap Rate 9%
$431,011
Alternative Uses
Best Use
Healthcare Medical
$554.2K
$484.9K – $646.5K
NOI $38,791 @ 7.0% cap · market cap 3.53%
Second Best
Office B
$166.4K
$145.6K – $194.2K
NOI $11,649 @ 7.0% cap · market cap 1.06%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
221
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48446, MI
30,788
Population
12,797
Households
2.4
Avg Household Size
45
Median Age
20%
College-Educated
93%
High-School Grad
121.9 sq mi
ZIP Area
253
Density / Sq Mi
$66,382
Median Household Income
$40,263
Median Earnings
$976
Median Rent
$206,300
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Arborview Veterinary Clinic: Persia Kimber L DVM — 1006 S Lapeer Rd, Lapeer, MI 48446
- Arborview Veterinary Clinic — 1006 S Lapeer Rd, Lapeer, MI 48446
Frequently Asked Questions
What type of property is this?
Medical Office Space - A flexible interior combines private consultation areas, an open workspace, and patio access near I-69 and downtown Lapeer.
Where is this medical office space located?
The property is located at 1178 S Lapeer Rd Lapeer, MI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 3,384‑square‑foot medical office built in 1954; Five private treatment or consultation rooms, each with a sink; 750‑square‑foot open area with oversized windows and two sliding glass doors to the patio
