Medical or Professional Office
29016 Ford Rd Garden City, MI 48135
New
For Sale
$749,900
Versatile office property on Ford Road with a functional layout, strong visibility, and ample on-site parking.
Property Size2,230 SF
Price / SF$336.28
Days on Market6
Property Features for 29016 Ford Rd
General Information
- Standard status
- Active
- Size
- 2,230 SF
Listing Agency:
Keller Williams Legacy
(313) 403-0011
Listed By:
Michael M Phillips · License #6502387592
(313) 403-0011
Source:
Exprealty
Added: Jul 22
Changed: Jul 26
Last Checked: Jul 26 at 11:18PM
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 Keller Williams Legacy
Investment Insights
Based on property information with market context.
This versatile commercial property on Ford Road offers a functional layout designed to support medical, professional office, or retail use. The space is positioned for visibility and accessibility, making it practical for businesses seeking a move-in-ready setting.
Situated along a highly traveled corridor, the property is surrounded by established businesses and restaurants, as well as nearby residential neighborhoods. Ample on-site parking is available, and the property provides easy access to major roadways, supporting convenient visits for customers and employees.
Situated along a highly traveled corridor, the property is surrounded by established businesses and restaurants, as well as nearby residential neighborhoods. Ample on-site parking is available, and the property provides easy access to major roadways, supporting convenient visits for customers and employees.
Key Highlights
- Versatile commercial space on highly traveled Ford Road with a functional layout.
- Suitable for medical, professional office, or retail use.
- Ample on‑site parking available for customers and employees.
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 | $44.7k | $20.04 |
| − Vacancy | −$5.6k | −$2.49 |
| EGI | $39.1k | $17.55 |
| − OpEx | −$15.7k | −$7.02 |
| NOI | $23.5k | $10.53 |
2,230 SF · lease $20.04/SF/yr · vacancy 12.42% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$335.5K
$293.5K – $391.4K
NOI $23,483 @ 7.0% cap · market cap 3.13%
Second Best
Office B
$109.7K
$96.0K – $128.0K
NOI $7,677 @ 7.0% cap · market cap 1.02%
Theoretical Best
Specialty Retail
$412.9K
$361.3K – $481.7K
NOI $28,901 @ 7.0% cap · market cap 3.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Versatile office property on Ford Road with a functional layout, strong visibility, and ample on-site parking.
Where is this office building located?
The property is located at 29016 Ford Rd Garden City, MI.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Versatile commercial space on highly traveled Ford Road with a functional layout.; Suitable for medical, professional office, or retail use.; Ample on‑site parking available for customers and employees.
