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    OFF-MARKET
    Medical Office Space

    27500 Hoover Rd, Warren, MI 48093-4586

    7,380 SF 0.66 ac lot Built 1972
    Entity Owned 10-yr Hold Free & Clear
    Property ID
    US43-5167963
    Property summary
    AI-generated overview

    This exceptional 4,000 square foot medical office building presents a unique investment opportunity in Macomb County. Situated on Hoover Road, this single-tenant property boasts a convenient location near highway 1696, ensuring excellent accessibility for patients and staff. Built in 1972 and completely remodeled, the building features a thoughtfully designed layout ideal for a group practice or individual physician. The space includes a shared reception area with four patient windows, six fully equipped exam rooms, a shared laboratory space, two private offices, a shared kitchen, and a bathroom. The single-story building offers ample space and functionality, with all 4,000 square feet currently vacant and ready for immediate occupancy. This turnkey solution eliminates the need for extensive renovations, allowing for a swift and efficient transition for the new owner. The property's strategic location and well-designed interior make it an attractive option for a variety of medical practices seeking a comfortable and efficient workspace. The existing infrastructure and layout provide a solid foundation for a thriving medical business. This is a rare opportunity to acquire a fully renovated, ready-to-occupy medical office building in a desirable location.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1972
    Total area 7,380 SF
    Lot 0.66 ac (28,532 SF)
    Zoning code C-1
    APN 12-13-14-302-003
    UPID US43-5167963
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Rondini Louis L DO Physician
    • Henry Ford Macomb Gas Physician
    • Great Lakes Medical Center Medical Supply Store Doctor
    • Richard J Colman PLLC Physician Medical Clinic
    • G I Health & Wellness Gym & Fitness Center (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    East Blue Water LLC · 10 yrs held
    East Blue Water LLC
    since 2016
    1 recorded transaction
    2016
    $235,000
    Zoning & alternative use
    C-1 · Warren, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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