Medical Office with Finished
For Sale
$230,000
Pending
8584 N Canton Center Rd, Canton, MI 48187
Medical office configuration includes patient reception, exam rooms, and a finished basement with kitchen and full bathroom.
Property Size1,469 SF
Days on Market207
Property Features for 8584 N Canton Center Rd
General Information
Standard status
Pending
Size
1,469 SF
Taxes and HOA fees
Annual Taxes
$4,167
Amenities
fully finished basement
Listing Agency:
Empire Realty Group Fawaz & Associates
(248) 893-7288
Listed By:
Ayat Sleiman · License #6501437088
(313) 944-2222
Source:
Exprealty
Added: Mar 24
Changed: Oct 11
Last Checked: Oct 15 at 5:13AM
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 Empire Realty Group Fawaz & Associates
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Investment Insights
Based on property information with market context.
This medical office property at 8584 N Canton Center Rd provides a practical layout for clinical operations, with six exam rooms or offices, a reception area, and a lobby designed to support patient movement and waiting. The space is described as clean, well-maintained, and fully functional.
A finished basement expands the usable area and includes a kitchen and full bathroom, providing additional support space for staff or other extended uses. The property is offered for sale and is located in Canton, Michigan.
A finished basement expands the usable area and includes a kitchen and full bathroom, providing additional support space for staff or other extended uses. The property is offered for sale and is located in Canton, Michigan.
Key Highlights
- Six exam rooms or offices support clinical operations
- Reception area and lobby included in the main layout
- Fully finished basement adds usable support space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,469
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,380
$309.4K
Cap Rate 7%
$220,986
$221.0K
Cap Rate 9%
$171,878
$171.9K
Market Conditions
NOI Build-Up for 1,469 SF
Gross rent
$29.4K $20.04/SF
− Vacancy
−$3.7K −$2.49/SF
EGI
$25.8K $17.55/SF
− OpEx
−$10.3K −$7.02/SF
NOI
$15.5K $10.53/SF
Area
Wayne County, MI
Vacancy
12.42%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,380
Cap Rate 7%
$220,986
Cap Rate 9%
$171,878
Alternative Uses
Best Use
Healthcare Medical
$221.0K
$193.4K – $257.8K
NOI $15,469 @ 7.0% cap · market cap 6.73%
Second Best
Office B
$72.2K
$63.2K – $84.3K
NOI $5,057 @ 7.0% cap · market cap 2.20%
Theoretical Best
Specialty Retail
$272.0K
$238.0K – $317.3K
NOI $19,038 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48187, MI
52,498
Population
20,548
Households
2.6
Avg Household Size
39
Median Age
53%
College-Educated
95%
High-School Grad
18.1 sq mi
ZIP Area
2,900
Density / Sq Mi
$117,980
Median Household Income
$60,137
Median Earnings
$1,435
Median Rent
$341,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Animal Cancer & Imaging Center — 8560 N Canton Center Rd, Canton, MI 48187
- Sheldon Veterinary Hospital — 9460 Sheldon Rd, Plymouth, MI 48170
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office configuration includes patient reception, exam rooms, and a finished basement with kitchen and full bathroom.
Where is this medical office space located?
The property is located at 8584 N Canton Center Rd Canton, MI.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Six exam rooms or offices support clinical operations; Reception area and lobby included in the main layout; Fully finished basement adds usable support space
