Medical Office Condominium
21001 Van Born Taylor, MI 48180
For Sale
Contact for pricing
Move-in ready office space with new LED lighting, carpet, and paint within a larger medical condominium complex.
Property Size25,300 SF
Price / SF$37.91
Days on Market279
Property Features for 21001 Van Born
General Information
- Standard status
- Active
- Size
- 25,300 SF
- Property subtype
- Office
Building Details
- Year Built
- 1977
Listing Agency:
DIRT Realty
(248) 722-9286
Listed By:
Bob Waun · License #6502430911
Source:
Crexi
Added: Oct 18, 2025
Changed: Jul 23
Last Checked: Jul 23 at 5:08AM
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 DIRT Realty
Investment Insights
Based on property information with market context.
This Class A headquarters office space is being redeveloped into a medical complex within a commercial condominium framework. The space is move-in ready with new LED lighting, carpet, and paint, while the specific medical conversion is dependent on use. Sellers indicate they will work toward meeting your specific size and use requirements, with flexibility for design as part of the conversion process.
The condominium is part of a larger 534,000 sq ft complex on 18 acres, located near Detroit Metro Airport and downtown and conveniently off I-94. The property includes Buildings B, C, and D ranging from 25,000 to 100,000 sq ft.
On-site amenities highlighted in the offering include abundance of parking, atrium views, monument signage, EV charging, and low operating costs, supporting both patient-facing and professional office needs. The asset is available for sale at 21001 Van Born in Taylor, MI.
The condominium is part of a larger 534,000 sq ft complex on 18 acres, located near Detroit Metro Airport and downtown and conveniently off I-94. The property includes Buildings B, C, and D ranging from 25,000 to 100,000 sq ft.
On-site amenities highlighted in the offering include abundance of parking, atrium views, monument signage, EV charging, and low operating costs, supporting both patient-facing and professional office needs. The asset is available for sale at 21001 Van Born in Taylor, MI.
Key Highlights
- Office space built in 1977, move‑in ready with new LED lighting, carpet, and fresh paint
- Part of a 534,000 SF medical condominium complex on 18 acres
- Commercial condominium includes Building B, C, and D with 25,000–100,000 SF available
Financial Insights For Office B
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 | $151.8k | $6.00 |
| − Vacancy | −$35.7k | −$1.41 |
| EGI | $116.1k | $4.59 |
| − OpEx | −$29.0k | −$1.15 |
| NOI | $87.1k | $3.44 |
25,300 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$3.81M
$3.33M – $4.44M
NOI $266,425 @ 7.0% cap · market cap 27.78%
Second Best
Office B
$1.24M
$1.09M – $1.45M
NOI $87,095 @ 7.0% cap · market cap 9.08%
Theoretical Best
Specialty Retail
$4.68M
$4.10M – $5.46M
NOI $327,888 @ 7.0% cap · market cap 34.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Zarins Edgar
Law Firm
Ford - Taylor Properties ...
Corporate Office
FAQs
What type of property is this?
Office units - Move-in ready office space with new LED lighting, carpet, and paint within a larger medical condominium complex.
Where is this office units located?
The property is located at 21001 Van Born Taylor, MI.
What is the asking price?
The asking price for this property is $959,000.
What are key features of this property?
This property features: Office space built in 1977, move‑in ready with new LED lighting, carpet, and fresh paint; Part of a 534,000 SF medical condominium complex on 18 acres; Commercial condominium includes Building B, C, and D with 25,000–100,000 SF available
