Office Suite with Multiple
34845 23 Mile Road Chesterfield Township, MI 48047
For Sale
$399,900
2,168 sq. ft. office suite with three separate entrances, multiple meeting areas, and updated HVAC.
Property Size2,168 SF
Price / SF$184.46
Days on Market24
Property Features for 34845 23 Mile Road
General Information
- Standard status
- Active
- Size
- 2,168 SF
- Property subtype
- Commercial
Listing Agency:
Keller Williams Legacy
(313) 442-2311
Listed By:
Mujtaba Sanad · License #6501410189
(313) 442-2311
Source:
Carolbollo
Added: Jul 1
Changed: Jul 22
Last Checked: Jul 23 at 7:25AM
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 Keller Williams Legacy
Investment Insights
Based on property information with market context.
This 2,168 sq. ft. office suite offers a flexible layout with three separate entrances and multiple gathering areas. The space includes four spacious offices, a small kitchenette, one full bath, and two half baths, giving it a practical mix for professional use. A newer furnace and A/C support day-to-day comfort, and the property is described as needing only minor cosmetic updates to make it your own.
Located on 23 Mile Road directly across from Kroger Plaza, the suite benefits from high-traffic exposure and includes a large marquee sign for advertising.
The property also sits on nearly half an acre with a long lot, providing additional flexibility for a variety of local business needs.
Located on 23 Mile Road directly across from Kroger Plaza, the suite benefits from high-traffic exposure and includes a large marquee sign for advertising.
The property also sits on nearly half an acre with a long lot, providing additional flexibility for a variety of local business needs.
Key Highlights
- 2,168 SF office space on 23 Mile Road directly across from Kroger Plaza
- Nearly 0.5‑acre lot with long frontage for flexible use options
- Three separate entrances plus four spacious offices
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 | $42.9k | $19.80 |
| − Vacancy | −$5.0k | −$2.33 |
| EGI | $37.9k | $17.47 |
| − OpEx | −$15.2k | −$6.99 |
| NOI | $22.7k | $10.48 |
2,168 SF · lease $19.80/SF/yr · vacancy 11.75% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$324.7K
$284.1K – $378.8K
NOI $22,730 @ 7.0% cap · market cap 5.68%
Second Best
Office B
$106.6K
$93.3K – $124.4K
NOI $7,463 @ 7.0% cap · market cap 1.87%
Theoretical Best
Specialty Retail
$405.9K
$355.2K – $473.5K
NOI $28,412 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - 2,168 sq. ft. office suite with three separate entrances, multiple meeting areas, and updated HVAC.
Where is this office building located?
The property is located at 34845 23 Mile Road Chesterfield Township, MI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 2,168 SF office space on 23 Mile Road directly across from Kroger Plaza; Nearly 0.5‑acre lot with long frontage for flexible use options; Three separate entrances plus four spacious offices
