Medical or Professional Office
For Sale
$749,900
29016 Ford Rd, Garden City, MI 48135
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 Market9
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 29 at 3:48PM
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 authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
630
Businesses Nearby
Explore this area
Business Placement
Demographics for 48135, MI
27,380
Population
11,395
Households
2.4
Avg Household Size
41
Median Age
15%
College-Educated
91%
High-School Grad
5.9 sq mi
ZIP Area
4,641
Density / Sq Mi
$64,396
Median Household Income
$39,987
Median Earnings
$991
Median Rent
$162,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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.
