Office-Medical
400 N Main St Onsted, MI 49265
For Sale
$900,000
Well-built office and medical building with fully occupied suites available for sale.
Property Size6,000 SF
Price / SF$150
Days on Market352
Property Features for 400 N Main St
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 2003
Listing Agency:
Gil Henry & Associates
(517) 403-0273
Listed By:
Gilbert M. Henry · License #6502135057
(517) 403-0273
Source:
Cpix.resimplifi
Added: Aug 6, 2025
Changed: Jul 23
Last Checked: Jul 23 at 5:38PM
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 Gil Henry & Associates
Investment Insights
Based on property information with market context.
This well-built office/medical building in the Village of Onsted, Michigan, is offered for sale with 100% occupancy. The property includes separate suites, with Suites A and B combined at 4,475 square feet, and Suite C at 1,363 square feet.
Income and expense information is available with a signed confidentiality agreement, and details are provided by the listing agent upon request.
The building is configured for suite-level occupancy, supporting independent tenancy across multiple units while maintaining shared ownership of the overall asset.
Income and expense information is available with a signed confidentiality agreement, and details are provided by the listing agent upon request.
The building is configured for suite-level occupancy, supporting independent tenancy across multiple units while maintaining shared ownership of the overall asset.
Key Highlights
- Well‑built office/medical building built in 2003
- 100% occupancy with fully occupied suites, supporting investor income
- Suite A & B combined for 4,475 SF
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 | $133.2k | $22.20 |
| − Vacancy | −$14.0k | −$2.33 |
| EGI | $119.2k | $19.87 |
| − OpEx | −$47.7k | −$7.95 |
| NOI | $71.5k | $11.92 |
6,000 SF · lease $22.20/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.02M
$894.1K – $1.19M
NOI $71,528 @ 7.0% cap · market cap 7.95%
Second Best
Office B
$944.3K
$826.2K – $1.10M
NOI $66,098 @ 7.0% cap · market cap 7.34%
Theoretical Best
Multifamily LT 5
$74.44M
$65.14M – $86.85M
NOI $5,210,884 @ 7.0% cap · market cap 578.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
ProMedica Physicians Family ...
Pediatrician
Matt Hall, PAC
Physician
Lou Anne Justus, ...
Physician
Onsted Family Care
Medical Clinic
The Medicine Shoppe® Pharmacy
Pharmacy
FAQs
What type of property is this?
Office building - Well-built office and medical building with fully occupied suites available for sale.
Where is this office building located?
The property is located at 400 N Main St Onsted, MI.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Well‑built office/medical building built in 2003; 100% occupancy with fully occupied suites, supporting investor income; Suite A & B combined for 4,475 SF
