Medical Office
45628-45720 Schoenherr, Shelby Township, MI 48315
For Sale
Contact for pricing
The unit previously served as a physical therapy clinic and is available for sale or lease.
Property Size2,437 SF
Price / SF$153.88
Days on Market53
Property Features for 45628-45720 Schoenherr
General Information
Standard status
Size
Property subtype
Additional Details
Road Access
Building Details
Buildings
Listing Agency:
Pilot Property Group
Listed By:
Luc Fluent · License #6501405301
(586) 651-3337
Source:
Crexi
Added: Sep 18
Changed: Oct 26
Last Checked: Nov 8 at 7:46AM
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 Pilot Property Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A 2,437 SF medical condominium in Shelby Crossing is available for sale or lease. The space previously operated as a physical therapy clinic, supporting a clinical office configuration.
The building is on the east side of Schoenherr, north of Hall (M-59), in Shelby Township. Schoenherr carries more than 40,000 vehicles per day.
The building is on the east side of Schoenherr, north of Hall (M-59), in Shelby Township. Schoenherr carries more than 40,000 vehicles per day.
Key Highlights
- 2,437 SF medical condominium
- Former physical therapy clinic
- On Schoenherr, north of Hall (M‑59)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,550
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,000
$511.0K
Cap Rate 7%
$365,000
$365.0K
Cap Rate 9%
$283,889
$283.9K
Market Conditions
NOI Build-Up for 2,437 SF
Gross rent
$48.3K $19.80/SF
− Vacancy
−$5.7K −$2.33/SF
EGI
$42.6K $17.47/SF
− OpEx
−$17.0K −$6.99/SF
NOI
$25.5K $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%
$511,000
Cap Rate 7%
$365,000
Cap Rate 9%
$283,889
Alternative Uses
Best Use
Healthcare Medical
$365.0K
$319.4K – $425.8K
NOI $25,550 @ 7.0% cap · market cap 6.81%
Second Best
Office B
$119.8K
$104.9K – $139.8K
NOI $8,389 @ 7.0% cap · market cap 2.24%
Theoretical Best
Specialty Retail
$456.2K
$399.2K – $532.3K
NOI $31,937 @ 7.0% cap · market cap 8.52%
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
1,046
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48315, MI
28,597
Population
11,252
Households
2.5
Avg Household Size
48
Median Age
33%
College-Educated
92%
High-School Grad
12.9 sq mi
ZIP Area
2,217
Density / Sq Mi
$99,512
Median Household Income
$54,587
Median Earnings
$1,181
Median Rent
$357,700
Median Home Value
Market
Average Price Trend$/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
- Petco Vaccination Clinic — 13701 Lakeside Cir, Sterling Heights, MI 48313
- Banfield Pet Hospital — 45050 Northpointe Blvd, Utica, MI 48315
Frequently Asked Questions
What type of property is this?
Medical Office Space - The unit previously served as a physical therapy clinic and is available for sale or lease.
Where is this medical office space located?
The property is located at 45628-45720 Schoenherr Shelby Township, MI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,437 SF medical condominium; Former physical therapy clinic; On Schoenherr, north of Hall (M‑59)
