Renovated Medical Office
For Sale
Contact for pricing
29055 Ford Road, Garden City, MI 48135
The updated office accommodates medical, dental, and other professional services along Ford Road.
Property Size3,432 SF
Price / SF$0.58
Days on Market28
Property Features for 29055 Ford Road
General Information
Standard status
Active
Size
3,432 SF
Property subtype
Commercial
Additional Details
Condition
Newly Renovated
Property Use
Office
Building Details
Year Built
1971
Listing Agency:
GoodHome Realty, LLC
Listed By:
Quinton Lemond
(248) 928-4992
Source:
Goodhomemi
Added: Oct 2
Changed: Oct 28
Last Checked: Oct 28 at 3:05PM
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 GoodHome Realty, LLC
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Investment Insights
Based on property information with market context.
This 3,432-square-foot medical office space was built in 1971 and has been fully renovated. Its configuration is presented for medical, dental, and other professional office uses, including law and mortgage services. Equipment shown in property images is not included.
The property is at 29055 Ford Road in Garden City, with access from Ford Road and on-site parking.
The property is at 29055 Ford Road in Garden City, with access from Ford Road and on-site parking.
Key Highlights
- 3,432 square feet of office space
- Fully renovated; built in 1971
- Located at 29055 Ford Road in Garden City
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,815
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,300
$236.3K
Cap Rate 7%
$168,786
$168.8K
Cap Rate 9%
$131,278
$131.3K
Market Conditions
NOI Build-Up for 3,432 SF
Gross rent
$20.6K $6.00/SF
− Vacancy
−$4.8K −$1.41/SF
EGI
$15.8K $4.59/SF
− OpEx
−$3.9K −$1.15/SF
NOI
$11.8K $3.44/SF
Area
Wayne County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,300
Cap Rate 7%
$168,786
Cap Rate 9%
$131,278
Alternative Uses
Best Use
Healthcare Medical
$516.3K
$451.8K – $602.4K
NOI $36,141 @ 7.0% cap · market cap 1,807.05%
Second Best
Office B
$168.8K
$147.7K – $196.9K
NOI $11,815 @ 7.0% cap · market cap 590.75%
Theoretical Best
Specialty Retail
$635.4K
$556.0K – $741.3K
NOI $44,479 @ 7.0% cap · market cap 2,223.95%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
576
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - The updated office accommodates medical, dental, and other professional services along Ford Road.
Where is this medical office space located?
The property is located at 29055 Ford Road Garden City, MI.
What are key features of this property?
This property features: 3,432 square feet of office space; Fully renovated; built in 1971; Located at 29055 Ford Road in Garden City
