Former Urgent Care For
13641 Seven Mile E Detroit, MI 48205
13641 Seven Mile E, Detroit, MI, 48205
Contact for pricing
For Sale
Contact for pricing
2,420 SF commercial space with many potential uses.
Property Size2,420 SF
Price / SF$165.29
Days on Market768
Property Features for 13641 Seven Mile E
General Information
- Standard status
- Active
- Size
- 2,420 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1955
Listing agency
Signature Associates Warren
(248) 359-0615
Listed by
Joe Stack · License #MI
Source
Crexi
Added: Jun 15, 2024 Updated: Jul 10 at 3:42PM Checked: Jul 21 at 9:07AM
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 Signature Associates Warren
Investment Insights
Based on property information with market context.
This 2,420 square foot commercial property, formerly an urgent care facility, is available for sale. The property offers potential for various uses.
Key Highlights
- Many potential uses
- Former urgent care facility
- Built in 1955
Local 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 | $46.5k | $19.20 |
| − Vacancy | −$4.6k | −$1.92 |
| EGI | $41.8k | $17.28 |
| − OpEx | −$16.7k | −$6.91 |
| NOI | $25.1k | $10.37 |
2,420 SF · lease $19.20/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$358.4K
$313.6K – $418.2K
NOI $25,091 @ 7.0% cap · market cap 6.27%
Second Best
Office B
$350.2K
$306.5K – $408.6K
NOI $24,517 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$533.9K
$467.1K – $622.8K
NOI $37,370 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - 2,420 SF commercial space with many potential uses.
Where is this medical office space located?
The property is located at 13641 Seven Mile E Detroit, MI.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Many potential uses; Former urgent care facility; Built in 1955
