Multi-Tenant Office Property in
1184 Cleaver Rd, Caro, MI 48723
10,647 SF multi-tenant office property in Caro, Michigan.
Type:Office
Property size:
10,647 SFLot size:
1.81 AcresPrice / SF:
$39/SF- Added:
- Feb 23, 2026
- Days on Market:
- 81
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 1184 Cleaver Rd
General Information
- Standard status
- Active
- Size
- 10,647 SF
- Lot size
- 1.81 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1978
Listing agent Paul Kerber License #6502433613
Listing office Marcus & Millichap - Detroit
Listing date Feb 23, 2026
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 Marcus & Millichap - Detroit
HighLights
- 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.
- Well‑maintained property with significant capital improvements including roof (2007), windows (2005), and recent HVAC upgrades.
- Located in Caro, the county seat, providing economic stability and diverse business activity.
- Ample parking with 64 spaces, including ADA compliance, and regularly maintained parking lot.
Overview
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.
Property Profile
Insight Report
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
Location Insight
- Map
- Local Demand
- City
- Caro
- County
- Tuscola
- State
- Michigan
- Longitude
- -83.387572
- Latitude
- 43.500888
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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 is the asking price?
The asking price for this property is $420,000.
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.
