Heartland Dental Medical
53153 Hayes Road, Shelby Township, MI 48315
For Sale
New
$3,675,214
The long-term lease places most operating costs, maintenance, taxes, insurance reimbursements, and utilities with the tenant.
Property Size5,000 SF
Lot Size0.50 Acres
Price / SF$735.04
Days on Market2
Property Features for 53153 Hayes Road
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Road Access
Tenant in Place
Property Use
Medical Specialty
Building Details
Building Size
Buildings
Tenancy
Listing Agency:
Mid-America Real Estate - Michigan, Inc.
Listed By:
Jack Uhazie
(248) 855-6800
Source:
Midamericagrp
Added: Nov 12
Last Checked: Nov 12 at 2:40PM
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 Mid-America Real Estate - Michigan, Inc.
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Investment Insights
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Newly built for dental use, this 5,000-square-foot medical office occupies 0.50 acres and is leased to Heartland Dental. The initial lease term is 10 years, with two 5-year renewal options. Rent increases 10% every 5 years. The landlord’s obligations are limited to the building’s foundation, roof, load-bearing walls, and exterior walls; the tenant covers substantially all operating expenses, maintenance, repairs, taxes, insurance reimbursements, and utilities.
The property sits at the signalized northwest corner of 24 Mile Road and Hayes Road, with access from both streets and building frontage facing Hayes Road. Reported traffic exceeds 14,000 cars per day on Hayes Road and 15,000 vehicles per day on 24 Mile Road. A new Meijer is across the intersection; CVS and Nottinghill Village shopping center are adjacent. Kroger Marketplace is approximately 1 mile north, with Costco Wholesale and other national retailers, restaurants, healthcare providers, and daily-needs services in the surrounding trade area.
The property sits at the signalized northwest corner of 24 Mile Road and Hayes Road, with access from both streets and building frontage facing Hayes Road. Reported traffic exceeds 14,000 cars per day on Hayes Road and 15,000 vehicles per day on 24 Mile Road. A new Meijer is across the intersection; CVS and Nottinghill Village shopping center are adjacent. Kroger Marketplace is approximately 1 mile north, with Costco Wholesale and other national retailers, restaurants, healthcare providers, and daily-needs services in the surrounding trade area.
Key Highlights
- Newly constructed 5,000‑square‑foot medical office on 0.50 acres
- Heartland Dental lease: 10‑year initial term with two 5‑year renewal options
- Rent increases 10% every 5 years
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
Under-served
Demand for This Use
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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
$357,700
Median Home Value
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Market
Average Price Trend$/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
- Veterinary General Inc — 53217 Hayes Rd, Shelby Township, MI 48315
Frequently Asked Questions
What type of property is this?
Medical Office Space - The long-term lease places most operating costs, maintenance, taxes, insurance reimbursements, and utilities with the tenant.
Where is this medical office space located?
The property is located at 53153 Hayes Road Shelby Township, MI.
What is the asking price?
The asking price for this property is $3,675,214.
What are key features of this property?
This property features: Newly constructed 5,000‑square‑foot medical office on 0.50 acres; Heartland Dental lease: 10‑year initial term with two 5‑year renewal options; Rent increases 10% every 5 years
