Standalone Medical Office
22024 Pontiac Trl South Lyon, MI 48178
22024 Pontiac Trl, South Lyon, MI, 48178
$695,000
For Sale
$695,000
Standalone medical office with six exam rooms, X-ray room, and dedicated 24-space parking lot with ADA spaces.
Property Size2,544 SF
Price / SF$273.19
Days on Market370
Property Features for 22024 Pontiac Trl
General Information
- Standard status
- Active
- Size
- 2,544 SF
- Property subtype
- Office
Building Details
- Year Built
- 1963
Listing agency
Colliers - Ann Arbor
(734) 994-3100
Listed by
James H. Chaconas
(734) 994-3100
Source
Cpix.resimplifi
Added: Jul 18, 2025 Updated: Jul 21 at 7:49PM Checked: Jul 21 at 7:49PM
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 Colliers - Ann Arbor
Investment Insights
Based on property information with market context.
This 2,544 SF standalone medical office offers a turnkey interior layout built around patient care. The space includes a spacious reception area with a comfortable waiting room, six exam rooms, an X-ray room, and two ADA-compliant restrooms. Additional 1,250 SF of basement storage provides practical room for supplies and files.
The property is set up with a large dedicated parking lot featuring 24 spaces, including 2 handicapped-accessible spaces, for convenient access for patients and staff. It is positioned in an area surrounded by established retail, businesses, schools, and residential neighborhoods.
For buyers seeking an owner-user medical setup, the configuration supports straightforward day-to-day operations with dedicated exam and imaging space alongside reception and waiting areas.
The property is set up with a large dedicated parking lot featuring 24 spaces, including 2 handicapped-accessible spaces, for convenient access for patients and staff. It is positioned in an area surrounded by established retail, businesses, schools, and residential neighborhoods.
For buyers seeking an owner-user medical setup, the configuration supports straightforward day-to-day operations with dedicated exam and imaging space alongside reception and waiting areas.
Key Highlights
- Standalone medical office built in 1963 with 2,544 SF of space
- Six exam rooms plus an X‑ray room for medical use
- Includes a reception area with waiting room
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 | $64.1k | $25.20 |
| − Vacancy | −$6.7k | −$2.65 |
| EGI | $57.4k | $22.55 |
| − OpEx | −$23.0k | −$9.02 |
| NOI | $34.4k | $13.53 |
2,544 SF · lease $25.20/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$491.8K
$430.3K – $573.8K
NOI $34,426 @ 7.0% cap · market cap 4.95%
Second Best
Office B
$125.1K
$109.5K – $146.0K
NOI $8,758 @ 7.0% cap · market cap 1.26%
Theoretical Best
Specialty Retail
$548.7K
$480.1K – $640.2K
NOI $38,410 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Patrick Brennan, MD
Medical Clinic
Aaron Collins
Physician
Village Medical
Medical Clinic
Similar For Sale Nearby
Similar Off Market Nearby
- Lyon Veterinary Clinic — 21188 Pontiac Trail, South Lyon, MI 48178
FAQs
What type of property is this?
Medical Office Space - Standalone medical office with six exam rooms, X-ray room, and dedicated 24-space parking lot with ADA spaces.
Where is this medical office space located?
The property is located at 22024 Pontiac Trl South Lyon, MI.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Standalone medical office built in 1963 with 2,544 SF of space; Six exam rooms plus an X‑ray room for medical use; Includes a reception area with waiting room
