Medical Office Condo with Main-Road
42450 Hayes Rd, Clinton Township, MI 48038
For Sale
Contact for pricing
Turn-key medical/office condo with full buildout, premium finishes, and 43 surface parking spaces.
Property Size6,000 SF
Price / SF$115.83
Days on Market565
Property Features for 42450 Hayes Rd
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Zoning
Lease Type
Additional Details
Road Access
Amenities
Monument Signage
Building Details
Year Built
Listing Agency:
NAI Farbman - Corporate
(248) 353-0500
Listed By:
Wendy Acho · License MI #6501411463
(248) 563-0739
Source:
Moodyscre
Added: Apr 25, 2025
Changed: Oct 26
Last Checked: Nov 10 at 11:01AM
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 NAI Farbman - Corporate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This medical/office condo offers a total of 6,000 square feet with a main level and a lower level, each described as 3,000 square feet. The space is presented as turn-key with full buildout and premium finishes, and the building was constructed in 2002 as a Class A property. Monument signage is also noted.
The property is located at the corner of Hayes Rd and Canal Rd, with 245 feet of frontage along Hayes Rd. It is described as having excellent main-road visibility, and the site offers 43 surface parking spaces.
The property is listed as being in the B-2 Community Business District.
The property is located at the corner of Hayes Rd and Canal Rd, with 245 feet of frontage along Hayes Rd. It is described as having excellent main-road visibility, and the site offers 43 surface parking spaces.
The property is listed as being in the B-2 Community Business District.
Key Highlights
- Turn‑key medical/office condo with full buildout and premium finishes
- 6,000 total SF: 3,000 SF main level condo suite plus 3,000 SF lower level (full buildout)
- 245 ft frontage along Hayes Rd with monument signage and main road visibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,905
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,258,100
$1.3M
Cap Rate 7%
$898,643
$898.6K
Cap Rate 9%
$698,944
$698.9K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$118.8K $19.80/SF
− Vacancy
−$14.0K −$2.33/SF
EGI
$104.8K $17.47/SF
− OpEx
−$41.9K −$6.99/SF
NOI
$62.9K $10.48/SF
Area
Macomb County, MI
Vacancy
11.75%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,258,100
Cap Rate 7%
$898,643
Cap Rate 9%
$698,944
Alternative Uses
Best Use
Healthcare Medical
$898.6K
$786.3K – $1.05M
NOI $62,905 @ 7.0% cap · market cap 9.05%
Second Best
Office B
$295.1K
$258.2K – $344.3K
NOI $20,655 @ 7.0% cap · market cap 2.97%
Theoretical Best
Specialty Retail
$1.12M
$982.9K – $1.31M
NOI $78,631 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
902
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48038, MI
44,038
Population
21,395
Households
2.1
Avg Household Size
43
Median Age
29%
College-Educated
94%
High-School Grad
10.9 sq mi
ZIP Area
4,040
Density / Sq Mi
$78,684
Median Household Income
$44,811
Median Earnings
$1,255
Median Rent
$246,400
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in Macomb County, MI
Properties on Market for Medical Office Space in Macomb County
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Pet Doctor — 42306 Hayes Rd, Clinton Twp, MI 48038
Frequently Asked Questions
What type of property is this?
Medical Office Space - Turn-key medical/office condo with full buildout, premium finishes, and 43 surface parking spaces.
Where is this medical office space located?
The property is located at 42450 Hayes Rd Clinton Township, MI.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Turn‑key medical/office condo with full buildout and premium finishes; 6,000 total SF: 3,000 SF main level condo suite plus 3,000 SF lower level (full buildout); 245 ft frontage along Hayes Rd with monument signage and main road visibility
