Versatile Medical Office
29016 Ford Road Unit SourceFi Garden City, MI 48135
For Sale
$749,900
Medical office suite on Ford Road in Garden City with a functional layout and on-site parking.
Property Size2,230 SF
Price / SF$336.28
Days on Market8
Property Features for 29016 Ford Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 2,230 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing Agency:
(313) 403-0011
Listed By:
Keller Williams Legacy
(313) 403-0011
Source:
Xome
Added: Jul 20
Changed: Jul 25
Last Checked: Jul 26 at 3:47AM
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 medical office suite is positioned for a range of professional uses, with a functional layout intended to support day-to-day operations. The offering is presented as a move-in-ready commercial space suitable for medical, professional office, or retail use.
Located on Ford Road in Garden City, the property benefits from placement along a highly traveled corridor and is described as surrounded by established businesses, restaurants, and residential neighborhoods. The remarks also highlight ample on-site parking and easy access to major roadways for convenience.
For sale as a commercial unit at 29016 Ford Road, Unit SourceFi, the space is intended to provide practical visibility and accessibility for customers and employees.
Located on Ford Road in Garden City, the property benefits from placement along a highly traveled corridor and is described as surrounded by established businesses, restaurants, and residential neighborhoods. The remarks also highlight ample on-site parking and easy access to major roadways for convenience.
For sale as a commercial unit at 29016 Ford Road, Unit SourceFi, the space is intended to provide practical visibility and accessibility for customers and employees.
Key Highlights
- Commercial property on Ford Road in Garden City, suited for medical, professional office, or retail use
- Functional layout for a range of business opportunities, with guest facilities totaling 3
- On‑site parking and easy access to major roadways
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
Retail
$301.9K
$264.1K – $352.2K
NOI $21,130 @ 7.0% cap · market cap 2.82%
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
Medical Office Space
FAQs
What type of property is this?
Medical Office Space - Medical office suite on Ford Road in Garden City with a functional layout and on-site parking.
Where is this medical office space located?
The property is located at 29016 Ford Road Unit SourceFi 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: Commercial property on Ford Road in Garden City, suited for medical, professional office, or retail use; Functional layout for a range of business opportunities, with guest facilities totaling 3; On‑site parking and easy access to major roadways
