7477 S STATE Road, Goodrich, MI 48438
Well-maintained medical office property with handicap-accessible parking and updated mechanical systems, subject to tenant rights.
- Added:
- Jun 14, 2026
- Days on Market:
- 8
- Last Refresh:
- Jun 20 at 2:35 am
Property Features for 7477 S STATE Road
General Information
- Standard status
- Active
- Size
- 6,139 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1993
Listing agent Michelle Bundy
Listing office Century 21 Metro Brokers-Davison (810) 653-4500
Listing date Jun 14, 2026
Source Xome
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 Century 21 Metro Brokers-Davison
HighLights
- Well‑maintained private medical office building in Goodrich, located right off M‑15; subject to tenant rights and currently occupied.
- Upper space totals 3,339 sq ft, with the first unit operating as a medical doctor’s office.
- Lower level includes 800 sq ft of rented space.
- Two parking lots with handicap accessibility.
- Updates and replacements include well pump (2023), upper HVAC (2021), lower HVAC (2022), and roof replacement (2024).
- Tenants pay TICAM; asphalt roof; year built 1993.
Overview
The building is located right off M-15 in Goodrich. The overall setup includes both upper and lower areas of use, with the upper square footage described as 3,339. The lower level provides additional rented space, and the property is maintained as an operating medical facility.
From an owner-occupier or investor standpoint, the building offers a straightforward medical office configuration with practical on-site parking. Recent capital improvements include a new well pump in 2023, a new upper HVAC system in 2021, and a new lower HVAC system in 2022. The roof was replaced in 2024. Tenant financial responsibility is structured as tenants paying TICAM, and the property’s status as occupied should be considered for any business planning or closing timeline.
Local Financial Insights For Healthcare Medical
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 | $132.6k | $21.60 |
| − Vacancy | −$16.6k | −$2.70 |
| EGI | $116.0k | $18.90 |
| − OpEx | −$46.4k | −$7.56 |
| NOI | $69.6k | $11.34 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Pytel Veterinary Clinic — 7485 S State Rd, Goodrich, MI 48438
Location Insight
- Map
- Local Demand
- City
- Goodrich
- County
- Genesee
- State
- Michigan
- Longitude
- -83.4999577
- Latitude
- 42.9212909
