Greenfield Road Medical/Office
For Sale
$999,999
19141 Greenfield Road, Detroit, MI 48235
16,016 SF medical/office building in Detroit for sale.
Property Size16,016 SF
Lot Size0.75 Acres
Price / SF$62.44
Days on Market193
Property Features for 19141 Greenfield Road
General Information
Standard status
Active
Size
16,016 SF
Lot size
0.75 Acres
Property subtype
Office
Building Details
Building Size
16,016 SF
Year Built
1978
Listing Agency:
KJ Commercial
Listed By:
David Jappaya · License #6501416409
(248) 881-4055
Source:
Kjcre
Added: Mar 27
Changed: Sep 14
Last Checked: Oct 5 at 4:43PM
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 KJ Commercial
Investment Insights
Based on property information with market context.
Located at 19141 Greenfield Rd, Detroit, MI 48235, this 16,016 SF single-story medical office/commercial property presents an investment opportunity. Constructed in 1978, the building is zoned B-2 and situated on a 0.75-acre lot. The property features wall and monument signage, along with a large adjacent parking lot. Its location provides high traffic exposure and convenient access to major roadways, including M-10 and M-39, and 8 Mile Rd. The property is suited for various medical and commercial uses. The location is near medical facilities, corporate headquarters, and commercial districts. Tenants will find ease in navigating the city and reaching their destination. The location is enhanced by its close vicinity to diverse dining options, retail establishments, and public transportation hubs.
Key Highlights
- 16,016 SF single‑story medical/commercial building, ideal for medical or office use.
- Strategic location with high traffic exposure near M‑10, M‑39, and 8 Mile Rd.
- Zoned B‑2, suitable for various medical and commercial endeavors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,135
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,102,700
$1.1M
Cap Rate 7%
$787,643
$787.6K
Cap Rate 9%
$612,611
$612.6K
Market Conditions
NOI Build-Up for 16,016 SF
Gross rent
$96.1K $6.00/SF
− Vacancy
−$22.6K −$1.41/SF
EGI
$73.5K $4.59/SF
− OpEx
−$18.4K −$1.15/SF
NOI
$55.1K $3.44/SF
Area
ZIP 48235
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%
$1,102,700
Cap Rate 7%
$787,643
Cap Rate 9%
$612,611
Alternative Uses
Best Use
Healthcare Medical
$2.03M
$1.77M – $2.36M
NOI $141,865 @ 7.0% cap · market cap 14.19%
Second Best
Office B
$787.6K
$689.2K – $918.9K
NOI $55,135 @ 7.0% cap · market cap 5.51%
Theoretical Best
Multifamily LT 5
$2.27M
$1.99M – $2.65M
NOI $158,919 @ 7.0% cap · market cap 15.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48235, MI
45,188
Population
20,946
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
91%
High-School Grad
6.2 sq mi
ZIP Area
7,288
Density / Sq Mi
$41,011
Median Household Income
$31,545
Median Earnings
$1,151
Median Rent
$79,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Detroit, MI
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 16,016 SF medical/office building in Detroit for sale.
Where is this medical office space located?
The property is located at 19141 Greenfield Road Detroit, MI.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 16,016 SF single‑story medical/commercial building, ideal for medical or office use.; Strategic location with high traffic exposure near M‑10, M‑39, and 8 Mile Rd.; Zoned B‑2, suitable for various medical and commercial endeavors.
