Medical Condo Office
1235 Industrial Drive Saline, MI 48176
For Sale
$480,000
Versatile 2,208 SF medical condo with an open layout, ADA-compliant bathroom, and parking at Wood Duck Business Park.
Property Size2,208 SF
Price / SF$217.39
Days on Market502
Property Features for 1235 Industrial Drive
General Information
Standard status
Active
Size
2,208 SF
Property subtype
Office
Listing Agency:
Colliers - Ann Arbor
(734) 994-3100
Listed By:
James H. Chaconas
(734) 994-3100
Source:
Cpix.resimplifi
Added: Mar 13, 2025
Changed: Jul 22
Last Checked: Jul 22 at 12:54AM
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 medical condo suite within Wood Duck Business Park offers a flexible interior layout designed for professional use. The space includes an open floor plan, 1–2 offices or a conference room, an ADA-compliant bathroom, and ample storage.
Conveniently served by plenty of parking, the property is located near Michigan Ave. and Downtown Saline, providing access to the surrounding communities.
Managed locally for added convenience, this suite is well suited for an owner-user looking for a tailored workspace in a dedicated business park setting.
Conveniently served by plenty of parking, the property is located near Michigan Ave. and Downtown Saline, providing access to the surrounding communities.
Managed locally for added convenience, this suite is well suited for an owner-user looking for a tailored workspace in a dedicated business park setting.
Key Highlights
- Versatile 2,208 SF medical condo with an open floor plan at Wood Duck Business Park
- Includes 1–2 offices/conference room for flexible workspace setup
- ADA‑compliant bathroom
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 authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Medical Office Space - Versatile 2,208 SF medical condo with an open layout, ADA-compliant bathroom, and parking at Wood Duck Business Park.
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: Versatile 2,208 SF medical condo with an open floor plan at Wood Duck Business Park; Includes 1–2 offices/conference room for flexible workspace setup; ADA‑compliant bathroom
