Turnkey Two-Story Medical
31500 Schoenherr Road Warren, MI 48088
31500 Schoenherr Road, Warren, MI, 48088
$349,500
For Sale
$349,500
COMMERCIAL - Warren, MI
Property Size2,400 SF
Lot Size0.45 Acres
Price / SF$145.63
Days on Market85
Property Features for 31500 Schoenherr Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Exterior features
- Wheelchair Access
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 1301301004
- Size
- 2,400 SF
- Lot size
- 0.45 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 5400
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1947
- Roof type
- Asphalt
Listing Agency
Pilot Property Group - Residential LLC
(586) 254-0900
38600 Van Dyke Ste 325, Shelby Twp, MI
Listed by
Alexander Termini · License #6501392648
(586) 291-0499
Added: Apr 27 Checked: Jul 20 at 3:06 am
MLS# 50205506
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Investment Insights
Based on property information with market context.
This newly remodeled two-story medical office property is set up for professional use with a welcoming reception area, an X-ray room, multiple restrooms, and a fully equipped kitchen space. The layout spans both the first and second floors, creating separation and flexibility for day-to-day operations.
Located at 31500 Schoenherr Road in Warren, Michigan, the building benefits from a monument sign available for exterior identification. The site is listed at 0.45 acres, and the total building size is 2,400 square feet.
With its existing exam-support features and move-in-ready interior improvements, the property is well suited for medical, wellness, or other professional businesses seeking a turnkey setup. While the previous medical practice is no longer operating, the functional floor plan and dedicated treatment space support continued healthcare-related uses or repurposing for complementary professional services.
Located at 31500 Schoenherr Road in Warren, Michigan, the building benefits from a monument sign available for exterior identification. The site is listed at 0.45 acres, and the total building size is 2,400 square feet.
With its existing exam-support features and move-in-ready interior improvements, the property is well suited for medical, wellness, or other professional businesses seeking a turnkey setup. While the previous medical practice is no longer operating, the functional floor plan and dedicated treatment space support continued healthcare-related uses or repurposing for complementary professional services.
Key Highlights
- Newly remodeled/renovated medical office space with first- and second‑floor layout
- Reception area plus X‑ray room for medical or wellness use
- Multiple restrooms and a fully equipped kitchen space included in the layout
Local 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 | $46.1k | $19.20 |
| − Vacancy | −$2.8k | −$1.15 |
| EGI | $43.3k | $18.05 |
| − OpEx | −$17.3k | −$7.22 |
| NOI | $26.0k | $10.83 |
2,400 SF · lease $19.20/SF/yr · vacancy 6.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$371.3K
$324.9K – $433.2K
NOI $25,989 @ 7.0% cap · market cap 7.44%
Second Best
Office B
$368.9K
$322.8K – $430.4K
NOI $25,822 @ 7.0% cap · market cap 7.39%
Theoretical Best
Office A
$529.4K
$463.3K – $617.7K
NOI $37,061 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto Accident Treatment ...
Alternative Medicine Practice
Auto Accident Treatment ...
Alternative Medicine Practice
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FAQs
What type of property is this?
Medical Office Space - Newly renovated two-story office with reception, X-ray room, restrooms, and kitchen space.
Where is this medical office space located?
The property is located at 31500 Schoenherr Road Warren, MI.
What is the asking price?
The asking price for this property is $349,500.
What are key features of this property?
This property features: Newly remodeled/renovated medical office space with first- and second‑floor layout; Reception area plus X‑ray room for medical or wellness use; Multiple restrooms and a fully equipped kitchen space included in the layout
