Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Corner Medical Office Suite Title is generated by Realmo AI

    52935 Mound Road, Shelby Twp, MI 48316

    View on Map
    Claim this Listing
    For Lease
    $1,278/Mo $13 SF/Yr (calc)

    COMMERCIAL - Shelby Twp, MI

    Property size:
    1,100 SF
    Lot size:
    0.87 Acres
    Added:
    Apr 28, 2025
    Days on Market:
    403
    Last Refresh:
    Jun 4 at 9:06 am

    Property Features for 52935 Mound Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    23-07-17-226-015
    Size
    1,100 SF
    Lot size
    0.87 Acres

    Utilities

    Water source
    Public

    Building Details

    Year built
    1969

    We can help!

    Listing Contact
    Boyd C. Kraft
    Boyd C. Kraft

    Listing agent Boyd C. Kraft License #6506047213

    Listing office Pilot Property Group - Residential LLC 38600 Van Dyke Ste 325, Shelby Twp, MI

    Listing date Apr 28, 2025

    MLS# 50172782

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Medical office space available in a multi‑tenant building
    • Building year built: 1969
    • Located on the corner of 24 Mile and Mound
    • Public water source available
    • Signage available

    Overview

    This offering is a medical office suite within a multi-tenant building, with signage available to support tenant identification. The property is presented as commercial real estate for lease.

    The building sits on a corner at the intersection of 24 Mile and Mound, providing a prominent site position. Street access is available directly from Mound Road.

    The space is well-suited for healthcare providers or related professional practices seeking a dedicated medical office environment inside a shared building. Because signage is available and the suite is positioned on a corner, it can help reinforce wayfinding for patients and visitors looking for the tenant’s location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Michael S. ... Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shelby Twp
    County
    Macomb
    State
    Michigan
    Longitude
    -83.054607
    Latitude
    42.683136

    Nearby Similar for Lease

    • $2,659/Mo
      1,778 SF

      Professional Office Suite with Monument Signage

      Smaller professional office suite in Shelby Twp with monument signage available for branding and visibility.
      6300 22 Mile Road, Shelby Twp, MI 48317
      View Details
    • $4,427/Mo
      2,960 SF

      Office Suite with Monument Sign

      Smaller professional office suite with monument sign availability on a Shelby Twp parcel.
      6300 22 Mile Road, Shelby Twp, MI 48317
      View Details
    • $2,991/Mo
      2,000 SF

      Office Suite with Conference Room

      Well-maintained office suite featuring multiple offices, reception, lobby space, and a conference room with strong signage visibility.
      47678 Van Dyke Avenue, Shelby Twp, MI 48317
      View Details
    • $3,500/Mo
      2,800 SF

      Flex Space Building with Drive-Around Access

      Brand new 2026 multi-tenant flex space with multiple-use layout and drive-around building access for efficient operations.
      6719-6735 23 Mile Road, Shelby Twp, MI 48316
      View Details
    • $4,090/Mo
      1,785 SF

      Drive-Through Retail Restaurant Opportunity

      A three-unit retail building with plans for a combined drive-through format and outside seating.
      48081 Van Dyke Avenue, Shelby Twp, MI 48317
      View Details
    • $1,750/Mo
      1,455 SF

      Office Suite with Reception and Open Area

      Professional office suite with reception, windowed open area, private office, two bathrooms, and ample parking.
      8187 RHODE Drive, Shelby Twp, MI 48317
      View Details
    • $6,000/Mo
      6,000 SF

      Shelby Twp Retail Opportunity

      Spacious 6,000 SF retail space in a vibrant location.
      49562 Van Dyke Avenue, Shelby Twp, MI 48317
      View Details
    • $5,500/Mo
      2,400 SF

      Drive-Through Restaurant With Patio

      Drive-thru restaurant space with outside seating in Shelby Township, suited for operators seeking a built-in customer flow.
      48075 Van Dyke Avenue, Shelby Twp, MI 48317
      View Details
    • $4,288/Mo
      4,700 SF

      Retail Storefront with Open Floor Plan

      Open-plan storefront with epoxy floors, four bathrooms, and established tenant mix in a high-traffic corridor.
      52033 Van Dyke Avenue, Shelby Twp, MI 48316
      View Details
    • $4,068/Mo
      3,500 SF

      Corner Medical Office Suite

      Medical office suite in a multi-tenant building with signage and corner visibility at Mound Road.
      52935 Mound Road, Shelby Twp, MI 48316
      View Details
    • $7 SF/Yr
      57,100 SF

      New Industrial Building Opportunity

      New industrial building with purchase option in Shelby Township.
      Simone Industrial Dr., Shelby Twp, MI 48316
      View Details
    • Contact for pricing

      Retail Space on Van Dyke

      Retail space available with existing plumbing infrastructure and signage.
      46260-46370 Van Dyke Ave, Shelby Twp, MI 48317
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Multi-tenant medical office suite with signage availability in a corner location for strong on-site identification.
    Where is this medical office space located?
    The property is located at 52935 Mound Road Shelby Twp, MI.
    What is the lease rate?
    The lease rate is $1,278 /Mo.
    What are key features of this property?
    This property features: Medical office space available in a multi‑tenant building; Building year built: 1969; Located on the corner of 24 Mile and Mound
    (586) 243-3488
    We can help!
    Listing Contact
    Boyd C. Kraft
    Boyd C. Kraft
    Real Estate License ID: 6506047213
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    52935 Mound Road, Shelby Twp, MI 48316
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!