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Medical Office Space in Orlando
For Lease
$28 SF/Yr

345 W Michigan St, Orlando, FL 32806

Medical office space for lease in downtown Orlando.

Space Size4,776 SF
Property Size21,957 SF
Days on Market178

Property Features for 345 W Michigan St

General Information

Standard status Active
Size 4,776 SF
Class B
Property subtype Office
Lease Term NNN

Building Details

Building Size 21,957 SF

Spaces For Lease

at 345 W Michigan St Contact us

114 $28/SF/Yr

Size
4,776 SF
Type
Medical
Term
Negotiable
Contact us
Listing Agency: Lee & Associates - Orlando
Listed By: Jason Bantel, CCIM · License #FL #SL666097
Source: Lee-associates
Added: Mar 4 Changed: Aug 24 Last Checked: Aug 29 at 6:46AM

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 Lee & Associates - Orlando

Investment Insights

Based on property information with market context.

SouthPointe Center offers an opportunity to lease medical space in Downtown Orlando. Suite 114, situated in the middle of the building, features storefront glass and direct visibility from the main entrance. It offers high visibility with fascia and monument signage capability from Michigan Street. The suite provides direct parking lot access, a wheelchair ramp, and a parking ratio of 5 per 1,000 square feet, simplifying patient access. Previously an orthopedic clinic for 40 years, the space is immediately available for occupancy. Located on the north side of Michigan Street, between Orange Avenue and I-4, SouthPointe Center provides high visibility and easy access to the SoDo District and Orlando Regional Hospital.

Key Highlights

  • High visibility with fascia & monument signage capability on Michigan St.
  • Direct parking lot access and wheelchair ramp for simplified patient access.
  • 5/1000 parking ratio.

Property Analytics

Current Use

PTS Medical Clinic Florida Eye Clinic Ophthalmologist Naddia Barrios Physician Stephanie B Terrill Ophthalmologist Mr. Mark Macgregor Physician

Suggested Use

Top Pick Veterinary Clinic Hotel & Motel Law Firm Grocery & Convenience Store Accounting Firm (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$4.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,897
Businesses Nearby
Under-served
Demand for This Use

Demographics for 32806, FL

26,582
Population
12,529
Households
2.1
Avg Household Size
40
Median Age
55%
College-Educated
95%
High-School Grad
6.8 sq mi
ZIP Area
3,909
Density / Sq Mi
$86,653
Median Household Income
$54,012
Median Earnings
$1,500
Median Rent
$415,800
Median Home Value

Market

Lease Benchmarks for Orlando, FL

$24.43 /SF/Yr
Avg Asking Price
$17.45–$35 /SF/Yr
Price Range
9,123 SF
Avg Space Size

This space is priced 15% above the average of $24.43 /SF/Yr.

Vacancy Rate% for Office in Orlando, FL

9.5% 2019
11.2% 2020
13.2% 2021
13.7% 2022
15.5% 2023
17% 2024
17.6% 2025
Rey
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Similar Off Market Nearby

  • Michigan Street Animal Hospital 1201 W Michigan St, Orlando, FL 32805
  • SODO Veterinary Hospital 1751 S Orange Ave, Orlando, FL 32806

Frequently Asked Questions

What type of property is this?
Medical Office Space - Medical office space for lease in downtown Orlando.
Where is this medical office space located?
The property is located at 345 W Michigan St Orlando, FL.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: High visibility with fascia & monument signage capability on Michigan St.; Direct parking lot access and wheelchair ramp for simplified patient access.; 5/1000 parking ratio.
More about this property
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