Leased Medical
124 N Almont Street, Imlay City, MI 48443
For Sale
$250,000
COM/IND/BUS OPP, Imlay City, MI
Property Size1,550 SF
Lot Size0.14 Acres
Price / SF$161.29
Days on Market49
Property Features for 124 N Almont Street
General Information
Property type
Property subtype
Zoning description
Rooms
Lot features
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Water source
Listing Agency:
Berkshire Hathaway HomeServices Kee Realty · Real Living
(586) 840-0400
Listed By:
Donna Caumartin · License MI #6501226411
(586) 243-9812
Added: Sep 27
Changed: Oct 5
Last Checked: Nov 14 at 12:06AM
MLS# 50223121
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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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 has a street-facing main level currently occupied by a doctor's office on a long-term net lease. The building also includes an unfinished upper level and a full basement. Heating is provided by forced air, with central air conditioning and public water service.
The property is in the DDA B2 District in Imlay City, Michigan, on a 0.14-acre lot.
The property is in the DDA B2 District in Imlay City, Michigan, on a 0.14-acre lot.
Key Highlights
- Street‑level doctor's office occupied under a long‑term net lease
- Unfinished upper level and full basement
- 0.14‑acre lot in the DDA B2 District
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
Retail
$152.7K
$133.6K – $178.2K
NOI $10,689 @ 7.0% cap · market cap 4.28%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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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 space is occupied by a doctor's office 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‑level doctor's office occupied under a long‑term net lease; Unfinished upper level and full basement; 0.14‑acre lot in the DDA B2 District
