Office Building with
17097 17 Mile Road, Clinton Township, MI 48038
For Sale
$675,900
Office suites include windowed spaces, a conference room, and a separate oversized two-car garage.
Property Size8,380 SF
Price / SF$80.66
Days on Market2136
Property Features for 17097 17 Mile Road
General Information
Standard status
Size
Elevators
Property subtype
Site & Location
Highway Access
Road Access
Additional Details
Property Use
Amenities
conference room
reception area
separate oversized two car garage
Building Details
Building Size
Year Built
Listing Agency:
The Real Estate Organization
(586) 263-0460
Listed By:
George Djokic · License #6501184307
Source:
Carterassociatesrealty
Added: Jan 2, 2021
Changed: Nov 4
Last Checked: Nov 7 at 4:53AM
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 The Real Estate Organization
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Investment Insights
Based on property information with market context.
This 8,380-square-foot office building, constructed in 1982, includes an elevator, reception area, and conference room. Oak trim runs throughout, and most office suites have windows. A separate oversized two-car garage is also part of the property, with ample parking on site.
At 17097 17 Mile Road in Clinton Charter Township, the property has exposure along a main road and is close to M-59. The office layout combines individual suites with shared reception and meeting areas.
At 17097 17 Mile Road in Clinton Charter Township, the property has exposure along a main road and is close to M-59. The office layout combines individual suites with shared reception and meeting areas.
Key Highlights
- 8,380‑square‑foot office building built in 1982
- Elevator, reception area, and conference room
- Separate oversized two‑car garage and ample parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,848
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$576,960
$577.0K
Cap Rate 7%
$412,114
$412.1K
Cap Rate 9%
$320,533
$320.5K
Market Conditions
NOI Build-Up for 8,380 SF
Gross rent
$50.3K $6.00/SF
− Vacancy
−$11.8K −$1.41/SF
EGI
$38.5K $4.59/SF
− OpEx
−$9.6K −$1.15/SF
NOI
$28.8K $3.44/SF
Area
Macomb 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%
$576,960
Cap Rate 7%
$412,114
Cap Rate 9%
$320,533
Alternative Uses
Best Use
Office B
$412.1K
$360.6K – $480.8K
NOI $28,848 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.57M
$1.37M – $1.83M
NOI $109,821 @ 7.0% cap · market cap 16.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
383
Businesses Nearby
Explore this area
Business Placement
Demographics for 48038, MI
44,038
Population
21,395
Households
2.1
Avg Household Size
43
Median Age
29%
College-Educated
94%
High-School Grad
10.9 sq mi
ZIP Area
4,040
Density / Sq Mi
$78,684
Median Household Income
$44,811
Median Earnings
$1,255
Median Rent
$246,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Macomb County, MI
Properties on Market for Office buildings in Macomb County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Office suites include windowed spaces, a conference room, and a separate oversized two-car garage.
Where is this office building located?
The property is located at 17097 17 Mile Road Clinton Township, MI.
What is the asking price?
The asking price for this property is $675,900.
What are key features of this property?
This property features: 8,380‑square‑foot office building built in 1982; Elevator, reception area, and conference room; Separate oversized two‑car garage and ample parking
