7477 S STATE Rd, Goodrich, MI 48438
Well-maintained medical office building with handicap-accessible parking and updated HVAC, roof, and water system.
- Added:
- Jun 20, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 22 at 2:23 am
Property Features for 7477 S STATE Rd
General Information
- Standard status
- Active
- Size
- 6,139 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1993
Listing agent Michelle Bundy (810) 694-1000
Listing office Century 21 Metro Brokers-Davison (810) 694-1000
Listing date Jun 20, 2026
Source Elliman
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 medical office building built in 1993 in Goodrich, located right off M‑15.
- Total space includes 3,339 sq ft upper level and 2,800 sq ft lower level of rented space.
- Occupied medical building with a doctor’s office as the first unit; subject to tenant rights.
- Handicap‑accessible parking with 2 parking lots on‑site.
- Updates include new well pump (2023), new upper HVAC system (2021), lower HVAC (2022), and roof replaced (2024).
- Tenants pay TICAM.
Overview
Located right off M-15 in Goodrich, the property is arranged to support on-site parking with straightforward arrival via two handicap-accessible lots. The building is subject to tenant rights and currently has occupied rented space in the lower level.
For buyers or operators seeking a healthcare-oriented office asset, this property provides existing medical office usage along with additional rentable space in the same building. Tenants pay TICAM, which can be a practical consideration for ownership and budgeting, and the recent updates to major systems help reduce near-term building maintenance concerns.
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
