Former Urgent Care For
For Sale
Contact for pricing
13641 Seven Mile E, Detroit, MI 48205
2,420 SF commercial space with many potential uses.
Property Size2,420 SF
Price / SF$165.29
Days on Market861
Property Features for 13641 Seven Mile E
General Information
Standard status
Active
Size
2,420 SF
Class
C
Property subtype
Retail, Office
Zoning
B4
Lease Type
Gross
Site & Location
Neighborhood
Mapleridge
Building Details
Year Built
1955
Buildings
1
Stories
1
Listing Agency:
Signature Associates Southfield
Listed By:
Joe Stack · License #MI
(248) 359-0615
Source:
Crexi
Added: Jun 15, 2024
Changed: Oct 22
Last Checked: Oct 23 at 6:54AM
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 Signature Associates Southfield
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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 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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,091
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,820
$501.8K
Cap Rate 7%
$358,443
$358.4K
Cap Rate 9%
$278,789
$278.8K
Market Conditions
NOI Build-Up for 2,420 SF
Gross rent
$46.5K $19.20/SF
− Vacancy
−$4.6K −$1.92/SF
EGI
$41.8K $17.28/SF
− OpEx
−$16.7K −$6.91/SF
NOI
$25.1K $10.37/SF
Area
Detroit, MI
Vacancy
10.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,820
Cap Rate 7%
$358,443
Cap Rate 9%
$278,789
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 authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
398
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 48205, MI
34,056
Population
17,102
Households
2
Avg Household Size
32
Median Age
9%
College-Educated
85%
High-School Grad
6.4 sq mi
ZIP Area
5,321
Density / Sq Mi
$40,612
Median Household Income
$30,833
Median Earnings
$1,149
Median Rent
$55,700
Median Home Value
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Market
Vacancy Rate% for Office in Detroit, MI
Frequently Asked Questions
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
