Medical Condo in Wood
1235 Industrial Drive Saline, MI
For Sale
Contact for pricing
Versatile medical condo with open floor plan and prime location.
Property Size2,208 SF
Lot Size0.05 Acres
Price / SF$217.39
Days on Market499
Property Features for 1235 Industrial Drive
General Information
- Standard status
- Active
- Size
- 2,208 SF
- Lot size
- 0.05 Acres
- Property subtype
- OFFICE
Listing Agency:
Colliers - Ann Arbor
(734) 994-3100
Listed By:
James H. Chaconas
(734) 994-3100
Source:
Moodyscre
Added: Mar 13, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:49AM
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 Colliers - Ann Arbor
Investment Insights
Based on property information with market context.
This ±2,208 SF medical condo is located in Wood Duck Business Park. The property features an open floor plan, one to two offices or conference rooms, and an ADA-compliant bathroom. Ample storage space is available. The property benefits from plenty of parking and a location near Michigan Ave, Downtown Saline, and surrounding communities. It is locally managed. This property is suitable for an owner-user seeking a tailored workspace.
Key Highlights
- Prime location near Michigan Ave., Downtown Saline, and surrounding communities.
- Versatile ±2,208 SF medical condo suitable for an owner‑user.
- Open floor plan with 1‑2 offices/conference room.
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 | $66.2k | $30.00 |
| − Vacancy | −$9.5k | −$4.29 |
| EGI | $56.8k | $25.71 |
| − OpEx | −$22.7k | −$10.28 |
| NOI | $34.1k | $15.43 |
2,208 SF · lease $30.00/SF/yr · vacancy 14.30% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$486.6K
$425.8K – $567.7K
NOI $34,061 @ 7.0% cap · market cap 7.10%
Second Best
Office B
$486.6K
$425.8K – $567.7K
NOI $34,061 @ 7.0% cap · market cap 7.10%
Theoretical Best
Office A
$648.8K
$567.7K – $756.9K
NOI $45,414 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
George M. Daigle, ...
Physician
Patricia Hoeft, LMFT
Physician
Patricia Wells
Physician
Dr. Maureen S. ...
Physician
Dr. Moina Hassan, ...
Physician
FAQs
What type of property is this?
Medical Office Space - Versatile medical condo with open floor plan and prime location.
Where is this medical office space located?
The property is located at 1235 Industrial Drive Saline, MI.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Prime location near Michigan Ave., Downtown Saline, and surrounding communities.; Versatile ±2,208 SF medical condo suitable for an owner‑user.; Open floor plan with 1‑2 offices/conference room.
