Medical Office
124 N Almont Street, Imlay City, MI 48443
For Sale
$250,000
The street-level practice is occupied under a long-term net lease.
Property Size1,550 SF
Price / SF$161.29
Days on Market42
Property Features for 124 N Almont Street
General Information
Standard status
Size
Property subtype
Zoning
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Property Use
Building Details
Buildings
Tenancy
Listing Agency:
Berkshire Hathaway HomeServices Kee Realty
(586) 840-0400
Listed By:
Donna Caumartin · License #MISPE-6501226411
(586) 243-9812
Source:
Questsold
Added: Sep 27
Changed: Nov 7
Last Checked: Nov 7 at 2:18PM
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 Berkshire Hathaway HomeServices Kee Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This medical office property at 124 N Almont Street has a street-facing main level of 1,500 square feet, currently leased for use as a doctor’s office under a long-term net lease. An additional 1,500-square-foot upper floor is unfinished, and the building also includes a full basement.
The property is in the DDA B2 District in Imlay City. Shared gathering areas are part of the surrounding social district.
The property is in the DDA B2 District in Imlay City. Shared gathering areas are part of the surrounding social district.
Key Highlights
- Street‑facing medical office space occupies the 1,500‑square‑foot main level
- Long‑term net lease in place for the doctor’s office
- Unfinished 1,500‑square‑foot upper floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,768
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,360
$355.4K
Cap Rate 7%
$253,829
$253.8K
Cap Rate 9%
$197,422
$197.4K
Market Conditions
NOI Build-Up for 1,550 SF
Gross rent
$34.0K $21.96/SF
− Vacancy
−$4.4K −$2.85/SF
EGI
$29.6K $19.11/SF
− OpEx
−$11.8K −$7.64/SF
NOI
$17.8K $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%
$355,360
Cap Rate 7%
$253,829
Cap Rate 9%
$197,422
Alternative Uses
Best Use
Healthcare Medical
$253.8K
$222.1K – $296.1K
NOI $17,768 @ 7.0% cap · market cap 7.11%
Second Best
Office B
$76.2K
$66.7K – $88.9K
NOI $5,336 @ 7.0% cap · market cap 2.13%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Imlay City Veterinary Clinic — 6475 W Imlay City Rd, Imlay City, MI 48444
Frequently Asked Questions
What type of property is this?
Medical Office Space - The street-level practice is occupied under a long-term net lease.
Where is this medical office space located?
The property is located at 124 N Almont Street Imlay City, MI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Street‑facing medical office space occupies the 1,500‑square‑foot main level; Long‑term net lease in place for the doctor’s office; Unfinished 1,500‑square‑foot upper floor
