Built-Out Medical Office
For Sale
Contact for pricing
1678 S Merriman Road Suite B, Westland, MI 48186
Move-in-ready clinical space includes exam rooms, imaging capability, reception, waiting, and storage areas.
Property Size1,700 SF
Price / SF$0.01
Days on Market91
Property Features for 1678 S Merriman Road Suite B
General Information
Standard status
Active
Size
1,700 SF
Additional Details
Office Units
1
Amenities
waiting area
check-in/staff station
exam rooms
X-ray room
storage
Listing Agency:
Babylon Realty
Listed By:
Sajjad Qureshi
(248) 974-1447
Source:
Alexmi
Added: Jul 20
Changed: Oct 6
Last Checked: Oct 16 at 8:39AM
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 Babylon Realty
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Investment Insights
Based on property information with market context.
Suite B comprises approximately 1,700 square feet of built-out medical office space within a shopping center at Merriman Road and Palmer Road. The interior includes a patient waiting area, check-in and staff station, 4-5 exam rooms, an X-ray room, and dedicated storage. The suite is currently configured for medical use and is described as move-in ready.
An established Urgent Care operates adjacent to the rear of the shopping center, providing a medical-services setting for the property. Suite A, approximately 2,000 square feet, is also available for lease and may be combined with Suite B for approximately 3,700 square feet total. Suite A is currently configured for financial services, and its furniture is available separately.
An established Urgent Care operates adjacent to the rear of the shopping center, providing a medical-services setting for the property. Suite A, approximately 2,000 square feet, is also available for lease and may be combined with Suite B for approximately 3,700 square feet total. Suite A is currently configured for financial services, and its furniture is available separately.
Key Highlights
- Approximately 1,700 SF medical office suite
- 4‑5 exam rooms plus an X‑ray room
- Waiting area, check‑in/staff station, and ample storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,852
Suggested Prices Based on Cap Rates
Cap Rate 5%
$117,040
$117.0K
Cap Rate 7%
$83,600
$83.6K
Cap Rate 9%
$65,022
$65.0K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$10.2K $6.00/SF
− Vacancy
−$2.4K −$1.41/SF
EGI
$7.8K $4.59/SF
− OpEx
−$2.0K −$1.15/SF
NOI
$5.9K $3.44/SF
Area
Wayne County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$117,040
Cap Rate 7%
$83,600
Cap Rate 9%
$65,022
Alternative Uses
Best Use
Healthcare Medical
$255.7K
$223.8K – $298.4K
NOI $17,902 @ 7.0% cap · market cap 149,183.33%
Second Best
Office B
$83.6K
$73.2K – $97.5K
NOI $5,852 @ 7.0% cap · market cap 48,766.67%
Theoretical Best
Specialty Retail
$314.7K
$275.4K – $367.2K
NOI $22,032 @ 7.0% cap · market cap 183,600.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48186, MI
35,690
Population
14,543
Households
2.5
Avg Household Size
39
Median Age
19%
College-Educated
88%
High-School Grad
8.3 sq mi
ZIP Area
4,300
Density / Sq Mi
$67,203
Median Household Income
$37,591
Median Earnings
$1,083
Median Rent
$167,600
Median Home Value
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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
- Comfort's Place — 975 S Merriman Rd, Westland, MI 48186
Frequently Asked Questions
What type of property is this?
Medical Office Space - Move-in-ready clinical space includes exam rooms, imaging capability, reception, waiting, and storage areas.
Where is this medical office space located?
The property is located at 1678 S Merriman Road Suite B Westland, MI.
What are key features of this property?
This property features: Approximately 1,700 SF medical office suite; 4‑5 exam rooms plus an X‑ray room; Waiting area, check‑in/staff station, and ample storage
