Medical Office Building with
601 Riley Street Dundee, MI 48131
601 Riley Street, Dundee, MI, 48131
$244,900
For Sale
$244,900
Veterinary clinic with multiple office areas, 20KW generator, and a sizable front parking area on a spacious lot.
Property Size1,508 SF
Price / SF$162.40
Days on Market498
Property Features for 601 Riley Street
General Information
- Standard status
- Active
- Size
- 1,508 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 9999
Listing agency
Real Estate One Monroe
(734) 244-3178
Listed by
Erica Mendez · License #MCAR-6501411688
(734) 244-3178
Source
Sabudarealty
Added: Mar 12, 2025 Updated: Jul 22 at 8:31AM Checked: Jul 22 at 8:31AM
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 Real Estate One Monroe
Investment Insights
Based on property information with market context.
Located at 601 Riley Street in Dundee Village, this long-standing building is currently operating as a veterinary clinic. The interior includes multiple office areas that provide a workable starting point for a new configuration, whether for continued professional use or other adaptations.
The property includes a spacious lot with a sizable parking area in front, supporting convenient client and visitor access. For backup power, the building is equipped with a 20KW Generac generator.
For buyers seeking a service-oriented office property with flexible internal layout considerations, this offering combines an operational baseline with practical exterior parking capacity and generator support.
The property includes a spacious lot with a sizable parking area in front, supporting convenient client and visitor access. For backup power, the building is equipped with a 20KW Generac generator.
For buyers seeking a service-oriented office property with flexible internal layout considerations, this offering combines an operational baseline with practical exterior parking capacity and generator support.
Key Highlights
- Operating veterinary clinic with multiple office areas
- 20KW Generac generator included
- Spacious lot with sizable parking area in front for clients and visitors
Local Financial Insights For Office B
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 | $26.6k | $17.64 |
| − Vacancy | −$4.3k | −$2.82 |
| EGI | $22.3k | $14.82 |
| − OpEx | −$5.6k | −$3.70 |
| NOI | $16.8k | $11.11 |
1,508 SF · lease $17.64/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$239.4K
$209.5K – $279.3K
NOI $16,759 @ 7.0% cap · market cap 6.84%
Second Best
Healthcare Medical
$174.5K
$152.7K – $203.6K
NOI $12,215 @ 7.0% cap · market cap 4.99%
Theoretical Best
Warehouse
$1.56M
$1.36M – $1.81M
NOI $108,872 @ 7.0% cap · market cap 44.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dundee Veterinary Clinic
Veterinary Clinic
Similar For Sale Nearby
Similar Off Market Nearby
- Heritage Animal Hospital — 150 Waterstradt Commerce Dr, Dundee, MI 48131
- Dundee Veterinary Clinic — 601 Riley St, Dundee, MI 48131
- dunee Veterinary lab — 1475 Wells Rd, Dundee, MI 48131
FAQs
What type of property is this?
Medical Office Space - Veterinary clinic with multiple office areas, 20KW generator, and a sizable front parking area on a spacious lot.
Where is this medical office space located?
The property is located at 601 Riley Street Dundee, MI.
What is the asking price?
The asking price for this property is $244,900.
What are key features of this property?
This property features: Operating veterinary clinic with multiple office areas; 20KW Generac generator included; Spacious lot with sizable parking area in front for clients and visitors
