Medical Office Building with
For Sale
$130,000
1302 N Eaton Street, Albion, MI 49224
COMMERCIAL - Albion, MI
Property Size960 SF
Lot Size0.24 Acres
Price / SF$135.42
Days on Market137
Property Features for 1302 N Eaton Street
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Basement, Bathroom 1
Interior features
Broadband
Elementary school district
Marshall
Middle school district
Marshall
High school district
Marshall
Directions
South off I-94 to 1302 N Eaton
Standard status
Active
APN
51-014-105-00
Size
960 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ALBION CITY, WEINER'S ASSESSORS PLAT 105
Tax Annual Amount
1599
Legal Description
ALBION CITY, WEINER'S ASSESSORS PLAT 105
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1984
Number of units
1
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
eXp Realty, LLC
(888) 501-7085
Listed By:
Kevin Lee
(517) 614-1614
Added: Mar 17
Changed: Jul 29
Last Checked: Jul 31 at 1:06AM
MLS# 26010703
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained medical office building at 1302 N Eaton Street in Albion offers a flexible interior layout that was originally designed as a doctor’s office. The space is positioned to support a range of professional uses, with an adaptable floor plan intended to be customized for different business needs. In addition to the main level, the property includes a finished basement that adds usable space for additional offices or storage.
The property is for sale and includes approximately 960 square feet of building area on a 0.24-acre lot, providing a compact footprint for office-oriented operations. For tenants or buyers looking for an established structure with a functional layout and added lower-level space, this building is designed to support day-to-day professional use.
If you’re evaluating a small commercial property with an office-focused configuration and finished basement space, this building is a straightforward option to consider in Albion.
The property is for sale and includes approximately 960 square feet of building area on a 0.24-acre lot, providing a compact footprint for office-oriented operations. For tenants or buyers looking for an established structure with a functional layout and added lower-level space, this building is designed to support day-to-day professional use.
If you’re evaluating a small commercial property with an office-focused configuration and finished basement space, this building is a straightforward option to consider in Albion.
Key Highlights
- Commercial/residential building originally designed as a doctor's office with a flexible interior layout.
- Finished basement provides additional usable space for offices or storage.
- Heating is forced air and cooling is central air.
Financial Insights For Office B
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 | $16.4k | $17.04 |
| − Vacancy | −$2.3k | −$2.35 |
| EGI | $14.1k | $14.69 |
| − OpEx | −$3.5k | −$3.67 |
| NOI | $10.6k | $11.02 |
960 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$11.39M
$9.96M – $13.29M
NOI $797,150 @ 7.0% cap · market cap 613.19%
Second Best
Office B
$151.1K
$132.2K – $176.3K
NOI $10,576 @ 7.0% cap · market cap 8.14%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
372
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49224, MI
13,199
Population
5,277
Households
2.5
Avg Household Size
36
Median Age
19%
College-Educated
88%
High-School Grad
99.9 sq mi
ZIP Area
132
Density / Sq Mi
$52,552
Median Household Income
$28,136
Median Earnings
$846
Median Rent
$119,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-maintained medical office building with a flexible interior layout and a finished basement for added workspace.
Where is this medical office space located?
The property is located at 1302 N Eaton Street Albion, MI.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Commercial/residential building originally designed as a doctor's office with a flexible interior layout.; Finished basement provides additional usable space for offices or storage.; Heating is forced air and cooling is central air.
