Mixed-Use Office and Medical
3390 N State Road Davison, MI 48423
For Sale
$1,850,000
Fully leased building with four office, medical, and service units, supported by recent roof replacement and ongoing maintenance.
Property Size12,000 SF
Lot Size10.00 Acres
Price / SF$154.17
Days on Market266
Property Features for 3390 N State Road
General Information
Standard status
Active
Size
12,000 SF
Lot size
10.00 Acres
Property subtype
General Commercial
Building Details
Year Built
2003
Listing Agency:
(248) 297-5551
Listed By:
The Brokerage Real Estate Enthusiasts
Source:
Xome
Added: Nov 6, 2025
Changed: Jul 10
Last Checked: Jul 30 at 3:55AM
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 The Brokerage Real Estate Enthusiasts
Investment Insights
Based on property information with market context.
This fully leased mixed-use commercial building is configured as four separate, occupied units supporting office, medical, and service-based tenants. The property is described as in pristine condition, with consistent professional maintenance performed annually both inside and out. A new roof was installed in 2025, supporting the building’s upkeep and overall presentation.
Set on over 10 acres with State Road frontage, the site offers visibility from the roadway. The building sits back from the road and is served by ample paved parking. The offering also includes approved plans for a buildout, along with additional acreage that may support future expansion or development. The location is positioned just minutes from I-69 and downtown Davison.
For an owner-operator or investor, the key value is the current tenant occupancy across multiple commercial unit types, along with the option to pursue the provided buildout planning. The property is identified as Community Business zoned, and the existing layout supports continued use for community-serving commercial activity while preserving room to increase site utilization through the approved plans.
Set on over 10 acres with State Road frontage, the site offers visibility from the roadway. The building sits back from the road and is served by ample paved parking. The offering also includes approved plans for a buildout, along with additional acreage that may support future expansion or development. The location is positioned just minutes from I-69 and downtown Davison.
For an owner-operator or investor, the key value is the current tenant occupancy across multiple commercial unit types, along with the option to pursue the provided buildout planning. The property is identified as Community Business zoned, and the existing layout supports continued use for community-serving commercial activity while preserving room to increase site utilization through the approved plans.
Key Highlights
- Fully leased 12,000 SF mixed‑use commercial building in Davison with four occupied units for office, medical, and service tenants
- Located on over 10 acres with State Road frontage and outdoor lights
- New asphalt roof installed in 2025; asphalt roof with consistent professional interior and exterior maintenance annually
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 | $259.2k | $21.60 |
| − Vacancy | −$32.4k | −$2.70 |
| EGI | $226.8k | $18.90 |
| − OpEx | −$90.7k | −$7.56 |
| NOI | $136.1k | $11.34 |
12,000 SF · lease $21.60/SF/yr · vacancy 12.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.94M
$1.70M – $2.27M
NOI $136,080 @ 7.0% cap · market cap 7.36%
Second Best
Office B
$1.89M
$1.65M – $2.20M
NOI $132,196 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $176,758 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Fully leased building with four office, medical, and service units, supported by recent roof replacement and ongoing maintenance.
Where is this office units located?
The property is located at 3390 N State Road Davison, MI.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Fully leased 12,000 SF mixed‑use commercial building in Davison with four occupied units for office, medical, and service tenants; Located on over 10 acres with State Road frontage and outdoor lights; New asphalt roof installed in 2025; asphalt roof with consistent professional interior and exterior maintenance annually
