Free-Standing Medical Office
1705 Gratiot Boulevard Marysville, MI 48040
1705 Gratiot Boulevard, Marysville, MI, 48040
$229,900
Pending
For Sale
$229,900
Pending
COMMERCIAL - Marysville, MI
Property Size1,536 SF
Lot Size0.20 Acres
Days on Market94
Property Features for 1705 Gratiot Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Standard status
- Pending
- APN
- 03-773-0065-000
- Size
- 1,536 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5851
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1968
- Roof type
- Flat
Listing agency
RE/MAX Advisors
(586) 725-1900
Listed by
Maria McGuire · License #6504242665
(586) 996-4059
Added: Apr 20 Updated: Jun 3 at 5:40PM Checked: Jul 22 at 1:06AM
MLS# 50204779
Copyright © 2026 Multiple Listing Service MiRealSource. 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 free-standing medical office building is currently configured as a chiropractor’s office, with a reception area, waiting room, and three exam/adjustment rooms. The property sits on a large lot and includes abundant parking, supporting day-to-day patient and staff access.
The building is located on heavily traveled Gratiot Blvd, and the property extends to A&W’s block wall. The lot size and frontage create straightforward on-site circulation and parking convenience for a service-focused office use.
For buyers planning an expanded facility, the City of Marysville has approved adding a second story. The buyer can also add an addition to the building up to 30 feet off the back and 20 feet in the front, subject to the outlined parameters. The current layout offers an immediate medical office environment, while the approved expansion options provide a practical path to increase usable space for future treatment, administrative, or ancillary uses.
The building is located on heavily traveled Gratiot Blvd, and the property extends to A&W’s block wall. The lot size and frontage create straightforward on-site circulation and parking convenience for a service-focused office use.
For buyers planning an expanded facility, the City of Marysville has approved adding a second story. The buyer can also add an addition to the building up to 30 feet off the back and 20 feet in the front, subject to the outlined parameters. The current layout offers an immediate medical office environment, while the approved expansion options provide a practical path to increase usable space for future treatment, administrative, or ancillary uses.
Key Highlights
- Free‑standing building on a large lot with abundant parking along heavily traveled Gratiot Blvd
- Current use as a chiropractor’s office with reception, waiting room, and three exam/adjustment rooms
- Building has forced air heating and central air conditioning
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 | $18.4k | $12.00 |
| − Vacancy | −$2.6k | −$1.69 |
| EGI | $15.8k | $10.31 |
| − OpEx | −$6.3k | −$4.12 |
| NOI | $9.5k | $6.18 |
1,536 SF · lease $12.00/SF/yr · vacancy 14.10% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$135.7K
$118.8K – $158.3K
NOI $9,500 @ 7.0% cap · market cap 4.13%
Second Best
Office B
$75.5K
$66.1K – $88.1K
NOI $5,288 @ 7.0% cap · market cap 2.30%
Theoretical Best
Multifamily LT 5
$1.15M
$1.01M – $1.35M
NOI $80,830 @ 7.0% cap · market cap 35.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hohf Chiropractic
Alternative Medicine Practice
Dr. Keith Hohf
Alternative Medicine Practice
Clippers Edge
Barber Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Marysville Veterinary Clinic — 1273 Gratiot Blvd Ste 1, Marysville, MI 48040
- Cassandra Leicht, DVM — 1273 Gratiot Blvd Ste 1, Marysville, MI 48040
FAQs
What type of property is this?
Medical Office Space - Chiropractor office with exam rooms, reception, waiting area, and abundant parking for convenient patient access.
Where is this medical office space located?
The property is located at 1705 Gratiot Boulevard Marysville, MI.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Free‑standing building on a large lot with abundant parking along heavily traveled Gratiot Blvd; Current use as a chiropractor’s office with reception, waiting room, and three exam/adjustment rooms; Building has forced air heating and central air conditioning
