Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4454 22 Mile Rd Utica, MI 48317

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Executive office suites for sale, ranging from 222 to 863 SF.

    Building Details

    Year built
    2003

    We can help!

    Listing Contact
    Robert Gojcaj
    Source: Corfac

    Listing Agent: Robert Gojcaj

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

    Learn more

    Overview

    Move-In Ready Executive Office Suites

    Office space is available on the second level, featuring suites ranging from 222 to 863 square feet. These turn-key suites include built-in desks, closets, and file cabinets. The property offers the option to lease the entire floor or individual suites. Up to 2,103 square feet is available. Common areas include a conference room and a full kitchen. The offices can be combined to accommodate 2,103 square feet. The property is located near 22 Mile Road and Ryan Road in Utica, MI.
    Location Intelligence

    Current Use by Public Records

    Serviced offices

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Utica
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0526
    Latitude
    42.6466

    Nearby Similar for Sale

    • $850,000
      12,500 SF

      Utica Church Ready for Service

      Move-in ready church with ample space and recent updates.
      45504 Cass Ave, Utica, MI 48317
      View Details
    • $69,900
      1,600 SF

      Established Jewelry Business Opportunity

      Profitable jewelry business for sale in Utica, Michigan.
      8771 Hall Rd, Utica, MI 48317
      View Details
    • $825,000
      Pending

      Shelby Pub & Grill Opportunity

      Prime location with excellent visibility for restaurant or pub.
      47980 Van Dyke Ave, Utica, MI 48317
      View Details
    • $539,000
      Pending

      Freestanding Professional Office Building

      Professional office building with a full basement on 0.75 acres.
      4461 24 Mile Rd, Utica, MI 48316
      View Details
    • Contact for pricing

      Modern Office Space in Utica

      First-generation office space near downtown Utica with premier amenities.
      7525 Auburn Rd, Utica, MI 48317
      View Details
    • $985,000
      12,500 SF

      Utica City Church Ready

      Move-in ready church in Utica City with ample parking.
      45504 Cass Ave, Utica, MI 48317
      View Details
    • $825,000
      Pending

      Shelby Pub & Grill Opportunity

      Prime location with high visibility, ideal for restaurant/pub.
      47980 Van Dyke Ave, Utica, MI 48317
      View Details
    • Contact for pricing

      Four-Story Office Building on Hall

      Four-story office building with convenient parking and attractive rental rates.
      11111 Hall Rd, Utica, MI 48317
      View Details
    • $350,000

      High-Quality Office Condo in Shelby

      Beautifully finished office condo with high-quality build-out and versatile space.
      45679 Village Blvd, Utica, MI 48315
      View Details
    • $50,000

      Restaurant Business For Sale

      Turnkey restaurant in high-traffic area, fully equipped and ready.
      56760 Van Dyke Ave, Utica, MI 48316
      View Details
    • Contact for pricing
      6,720 SF

      Utica Office Building For Sale

      6,720 SF office building in prime Utica location.
      45011 Utica Park Blvd, Utica, MI 48315
      View Details
    • $77,000

      Updated Condo in Village Square

      Updated condo with fenced yard, new appliances, and community benefits.
      45311 Kensington St, Utica, MI 48317
      View Details

    FAQs

    What type of property is this?
    Serviced office - Executive office suites for sale, ranging from 222 to 863 SF.
    Where is this serviced office located?
    The property is located at 4454 22 Mile Rd Utica, MI.
    What is the asking price?
    The asking price for this property is $650.
    What are key features of this property?
    This property features: - Move-in ready, turn-key suites with built-in desks, closets, and file cabinets.; - Flexible leasing options: lease individual suites or the entire floor (up to 2,103 sq ft).; - Windowed suites ranging from 222 to 863 square feet.
    (586) 907-7155
    Request Owner's contact information
    4454 22 Mile Rd Utica, MI 48317
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4454 22 Mile Rd
    Utica, MI 48317
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4454 22 Mile Rd Utica, MI 48317
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Robert Gojcaj
    (586) 907-7155 (248) 637-7783
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!