Medical Office Building with
23915 Jefferson Ave, St Clair Shores, MI 48080
For Sale
New
Contact for pricing
Two professional suites include former dental space and general office area, with a private lot for on-site parking.
Property Size3,140 SF
Price / SF$174.84
Days on Market7
Property Features for 23915 Jefferson Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Road Access
Property Use
Building Details
Buildings
Building Size
Listing Agency:
P.A. Commercial Corporate & Investment Real Estate
Listed By:
Dan Blugerman · License MI #6501181718
(248) 987-5418
Source:
Crexi
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 4:14PM
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 P.A. Commercial Corporate & Investment Real Estate
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Investment Insights
Based on property information with market context.
This freestanding medical office property contains 3,140 SF arranged as two distinct areas: a 1,550 SF dental suite with five operatories and 1,590 SF of general office space. The property has a private 16-space parking lot and occupies a full city block along Jefferson Avenue, with 120 feet of street frontage and exposure to two side streets.
The address is on the Nautical Mile in St. Clair Shores, within the Commercial Lakefront District. The district allows a broad range of uses.
The address is on the Nautical Mile in St. Clair Shores, within the Commercial Lakefront District. The district allows a broad range of uses.
Key Highlights
- 3,140 SF freestanding medical office property
- 1,550 SF dental suite with five operatories, plus 1,590 SF of general office space
- Private parking lot with 16 spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,920
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$658,400
$658.4K
Cap Rate 7%
$470,286
$470.3K
Cap Rate 9%
$365,778
$365.8K
Market Conditions
NOI Build-Up for 3,140 SF
Gross rent
$62.2K $19.80/SF
− Vacancy
−$7.3K −$2.33/SF
EGI
$54.9K $17.47/SF
− OpEx
−$21.9K −$6.99/SF
NOI
$32.9K $10.48/SF
Area
Macomb County, MI
Vacancy
11.75%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$658,400
Cap Rate 7%
$470,286
Cap Rate 9%
$365,778
Alternative Uses
Best Use
Healthcare Medical
$470.3K
$411.5K – $548.7K
NOI $32,920 @ 7.0% cap · market cap 6.00%
Second Best
Office B
$154.4K
$135.1K – $180.2K
NOI $10,809 @ 7.0% cap · market cap 1.97%
Theoretical Best
Specialty Retail
$587.9K
$514.4K – $685.8K
NOI $41,150 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
682
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48080, MI
22,272
Population
11,424
Households
1.9
Avg Household Size
44
Median Age
33%
College-Educated
96%
High-School Grad
4.4 sq mi
ZIP Area
5,062
Density / Sq Mi
$69,884
Median Household Income
$48,837
Median Earnings
$1,070
Median Rent
$188,800
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Macomb County, MI
Properties on Market for Medical Office Space in Macomb County
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Moore Veterinary Hospital — 22300 Greater Mack Ave, St Clair Shores, MI 48080
- Richard Nurse, DVM — 22300 Greater Mack Ave, St Clair Shores, MI 48080
- Debra Burkholder, DVM — 22300 Greater Mack Ave, St Clair Shores, MI 48080
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two professional suites include former dental space and general office area, with a private lot for on-site parking.
Where is this medical office space located?
The property is located at 23915 Jefferson Ave St Clair Shores, MI.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 3,140 SF freestanding medical office property; 1,550 SF dental suite with five operatories, plus 1,590 SF of general office space; Private parking lot with 16 spaces
