Windowed Office
For Sale
Contact for pricing
34620 Utica Road, Fraser, MI 48026
An approximately 6,000-square-foot layout combines private offices, a conference room, and open workspace.
Property Size9,255 SF
Price / SF$0.65
Days on Market29
Property Features for 34620 Utica Road
General Information
Standard status
Active
Size
9,255 SF
Property subtype
Commercial
Additional Details
Property Use
Office
Building Details
Year Built
1998
Listing Agency:
Shannon Vesper Realty Inc
Listed By:
Shannon Vesper-Balsamo
(586) 228-3177
Source:
Goodhomemi
Added: Oct 1
Changed: Oct 28
Last Checked: Oct 28 at 3:53PM
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 Shannon Vesper Realty Inc
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Investment Insights
Based on property information with market context.
The office property offers approximately 6,000 SF of workspace, with several offices receiving natural light, a conference room, and a broad open bullpen area. Built in 1998, the building contains 9,255 square feet overall.
The property fronts Utica Road in Fraser, across from Meijer, Starbucks, Taco Bell, Tropical Smoothie, and 7 Brew. Its setting is along the 15 Mile and Utica corridor.
The property fronts Utica Road in Fraser, across from Meijer, Starbucks, Taco Bell, Tropical Smoothie, and 7 Brew. Its setting is along the 15 Mile and Utica corridor.
Key Highlights
- Approximately 6,000 SF of office space
- Several windowed offices, a conference room, and a large open bullpen
- 9,255‑square‑foot building constructed in 1998
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,860
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,200
$637.2K
Cap Rate 7%
$455,143
$455.1K
Cap Rate 9%
$354,000
$354.0K
Market Conditions
NOI Build-Up for 9,255 SF
Gross rent
$55.5K $6.00/SF
− Vacancy
−$13.0K −$1.41/SF
EGI
$42.5K $4.59/SF
− OpEx
−$10.6K −$1.15/SF
NOI
$31.9K $3.44/SF
Area
Macomb 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%
$637,200
Cap Rate 7%
$455,143
Cap Rate 9%
$354,000
Alternative Uses
Best Use
Office B
$455.1K
$398.3K – $531.0K
NOI $31,860 @ 7.0% cap · market cap 531.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.73M
$1.52M – $2.02M
NOI $121,288 @ 7.0% cap · market cap 2,021.47%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
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Business Placement
Demographics for 48026, MI
14,726
Population
6,778
Households
2.2
Avg Household Size
44
Median Age
21%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
3,592
Density / Sq Mi
$61,118
Median Household Income
$40,198
Median Earnings
$827
Median Rent
$193,600
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - An approximately 6,000-square-foot layout combines private offices, a conference room, and open workspace.
Where is this office unit located?
The property is located at 34620 Utica Road Fraser, MI.
What are key features of this property?
This property features: Approximately 6,000 SF of office space; Several windowed offices, a conference room, and a large open bullpen; 9,255‑square‑foot building constructed in 1998
