Freestanding Medical Office
24725 JEFFERSON AVE, St Clair Shores, MI 48080
For Sale
Contact for pricing
Henry Ford Health occupies the property under a double-net lease, with no renewal options remaining.
Property Size12,080 SF
Lot Size1.08 Acres
Price / SF$257.12
Days on Market51
Property Features for 24725 JEFFERSON AVE
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Additional Details
Road Access
Building Details
Buildings
Tenancy
Owner Occupied
Listing Agency:
Encore Real Estate Investment Services
Listed By:
Deno Bistolarides · License MI BRKP.2020008390
(248) 702-0288
Source:
Crexi
Added: Sep 21
Changed: Nov 8
Last Checked: Nov 8 at 9:32AM
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 Encore Real Estate Investment Services
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Investment Insights
Based on property information with market context.
The freestanding medical office building contains 12,080 square feet on a 1.08-acre site. Henry Ford Health occupies the property and has operated there for more than 38 years. The facility supports outpatient services that include family medicine, imaging, radiology, laboratory, pharmacy, primary care, and X-ray care.
The property fronts Jefferson Avenue in St. Clair Shores’ Nautical Mile district, with Roseville, Fraser, Eastpointe, and Harper Woods identified as nearby communities. The lease is double net, with the tenant responsible for taxes, CAM, and insurance. Henry Ford Health carries A / A2 credit ratings.
The property fronts Jefferson Avenue in St. Clair Shores’ Nautical Mile district, with Roseville, Fraser, Eastpointe, and Harper Woods identified as nearby communities. The lease is double net, with the tenant responsible for taxes, CAM, and insurance. Henry Ford Health carries A / A2 credit ratings.
Key Highlights
- 12,080‑square‑foot freestanding medical office building
- Situated on 1.08 acres along Jefferson Avenue in St. Clair Shores
- Occupied by Henry Ford Health for more than 38 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,648
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,532,960
$2.5M
Cap Rate 7%
$1,809,257
$1.8M
Cap Rate 9%
$1,407,200
$1.4M
Market Conditions
NOI Build-Up for 12,080 SF
Gross rent
$239.2K $19.80/SF
− Vacancy
−$28.1K −$2.33/SF
EGI
$211.1K $17.47/SF
− OpEx
−$84.4K −$6.99/SF
NOI
$126.6K $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%
$2,532,960
Cap Rate 7%
$1,809,257
Cap Rate 9%
$1,407,200
Alternative Uses
Best Use
Healthcare Medical
$1.81M
$1.58M – $2.11M
NOI $126,648 @ 7.0% cap · market cap 4.08%
Second Best
Office B
$594.1K
$519.8K – $693.1K
NOI $41,585 @ 7.0% cap · market cap 1.34%
Theoretical Best
Specialty Retail
$2.26M
$1.98M – $2.64M
NOI $158,310 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
572
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
$188,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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
Frequently Asked Questions
What type of property is this?
Medical Office Space - Henry Ford Health occupies the property under a double-net lease, with no renewal options remaining.
Where is this medical office space located?
The property is located at 24725 JEFFERSON AVE St Clair Shores, MI.
What is the asking price?
The asking price for this property is $3,106,000.
What are key features of this property?
This property features: 12,080‑square‑foot freestanding medical office building; Situated on 1.08 acres along Jefferson Avenue in St. Clair Shores; Occupied by Henry Ford Health for more than 38 years
