Multi-Tenant Professional Office
33497 23 Mile Rd Chesterfield, MI 48047
33497 23 Mile Rd, Chesterfield, MI, 48047
$1,300,000
For Sale
$1,300,000
Fully leased multi-tenant office building along 23 Mile Road with ample parking.
Property Size12,690 SF
Price / SF$102.44
Days on Market64
Property Features for 33497 23 Mile Rd
General Information
- Standard status
- Active
- Size
- 12,690 SF
Listing Agency
Michigan Homes Real Estate
(810) 691-1946
Listed by
Tammy Schuh
(810) 691-1946
Source
Exprealty
Added: May 15 Checked: Jul 16 at 4:52 pm
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 Michigan Homes Real Estate
Investment Insights
Based on property information with market context.
Pyramid Professional Center is a fully occupied, multi-tenant professional office building offering current income through established tenancy. The property is described as well maintained and includes a diversified mix of professional and healthcare-related uses among its current tenants, including medical, dental, rehabilitation, mental health, and commercial service businesses.
The building is situated along 23 Mile Road in Chesterfield Township, on a heavily traveled thoroughfare, providing visibility and convenient access. The offering notes ample parking and a professional setting for tenant satisfaction.
This is a turnkey-style investment for a buyer seeking a stabilized, 100% leased commercial asset with long-term tenants and an ongoing, diversified income stream.
The building is situated along 23 Mile Road in Chesterfield Township, on a heavily traveled thoroughfare, providing visibility and convenient access. The offering notes ample parking and a professional setting for tenant satisfaction.
This is a turnkey-style investment for a buyer seeking a stabilized, 100% leased commercial asset with long-term tenants and an ongoing, diversified income stream.
Key Highlights
- Fully occupied, multi‑tenant professional office building with 100% leased occupancy
- Tenant mix includes medical, dental, rehabilitation, mental health, and commercial service businesses
- Located along 23 Mile Road in Chesterfield Township, on a heavily traveled road
Local Financial Insights For Office B
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 | $76.1k | $6.00 |
| − Vacancy | −$17.9k | −$1.41 |
| EGI | $58.2k | $4.59 |
| − OpEx | −$14.6k | −$1.15 |
| NOI | $43.7k | $3.44 |
12,690 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$1.90M
$1.66M – $2.22M
NOI $133,043 @ 7.0% cap · market cap 10.23%
Second Best
Office B
$624.1K
$546.1K – $728.1K
NOI $43,685 @ 7.0% cap · market cap 3.36%
Theoretical Best
Specialty Retail
$2.38M
$2.08M – $2.77M
NOI $166,304 @ 7.0% cap · market cap 12.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Vitale and Associates
Law Firm
Roberts Enid MD
Physician
Devoted Dental Chesterfield
Dental Office
New Baltimore Pediatrics
Pediatrician
Flex Physical Therapy ...
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Fully leased multi-tenant office building along 23 Mile Road with ample parking.
Where is this office building located?
The property is located at 33497 23 Mile Rd Chesterfield, MI.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Fully occupied, multi‑tenant professional office building with 100% leased occupancy; Tenant mix includes medical, dental, rehabilitation, mental health, and commercial service businesses; Located along 23 Mile Road in Chesterfield Township, on a heavily traveled road
