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1184 Cleaver Rd Caro, MI 48723

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10,647 SF multi-tenant office property in Caro, Michigan.

Property size:
10,647 SF
Lot size:
1.81 Acres

Property Features for 1184 Cleaver Rd

General Information

Standard status
Active
Zoning
Office
Size
10,647 SF
Lot size
1.81 Acres

Building Details

Year built
1978

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Listing Contact
Paul Kerber
Source: Crexi

Listing Agency: Marcus & Millichap - Detroit Listing Agent: Paul Kerber

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Multi-Tenant Office Property in Caro

This 10,647 square foot, multi-tenant office property is located in Caro, Michigan. Developed in 1978, the single-story Caro Professional Center is situated northeast of the town center, providing access to major roads and nearby amenities such as lunch, retail, and hospitality services. The property is located in Tuscola County, in the eastern part of Michigan's lower peninsula. Caro serves as the county government seat, contributing to the area's economic stability, supported by administrative healthcare, medical services, and other professional companies. The property currently has two State of Michigan leases in place, anchoring the five-tenant rent roll. A 25% vacancy offers potential upside through further lease-up of available suites. The leases are structured in a gross manner, with the landlord responsible for all expenses and building maintenance. Under the same ownership since 1984, the property has been well maintained. The windows were replaced in 2005, and the roof was re-applied with a 30-year rubber membrane in 2007. Over $21,000 has been invested in the HVAC system in the last couple of years. The 1.81-acre site includes 64 parking spaces, including ADA-compliant spots, and the parking lot is re-sealed and striped every three years.
Location Intelligence

Current Use by Public Records

Hofmeister Law Office Law Firm Julia Barrons Physician Kirsten Roberts Physician Krista Heckert Physician Elite Psychiatric Services Physician

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Caro
County
Tuscola
State
Michigan
Longitude
-83.387572
Latitude
43.500888

FAQs

What type of property is this?
Office building - 10,647 SF multi-tenant office property in Caro, Michigan.
Where is this office building located?
The property is located at 1184 Cleaver Rd Caro, MI.
What are key features of this property?
This property features: - Significantly below replacement cost at $39.45/sf.; - Anchored by two State of Michigan leases, providing stable income.; - 25% vacancy offers potential upside through lease-up.
More about this property
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