Detroit Medical Facility For
For Sale
Contact for pricing
6309 Mack Ave, Detroit, MI 48207
Modern medical facility in East Detroit with redevelopment potential.
Property Size61,622 SF
Price / SF$222.21
Days on Market1072
Property Features for 6309 Mack Ave
General Information
Standard status
Active
Size
61,622 SF
Property subtype
Office
Zoning
commercial
Lease Type
NNN
Net Operating Income
$1,232,440
Building Details
Year Built
1940
Year Renovated
2020
Buildings
5
Stories
4
Tenancy
Single
Listing Agency:
CRS, Commercial Real Estate Services
Listed By:
Leo Gonzalez · License #MI 6502126741
Source:
Crexi
Added: Oct 31, 2023
Changed: Sep 15
Last Checked: Oct 5 at 6:11PM
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 CRS, Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This 61,622-square-foot property is located in East Detroit and offers full medical services and private parking. The facility has been updated with new HVAC units, a new roof, and other improvements throughout. The property also includes land suitable for redevelopment and building expansion. The location is positioned to serve the community's need for medical services. The facility provides mental health services for all ages, dental care, diet and exercise counseling, and integrated primary care services. It supports over 4,000 patients weekly. The property is positioned to benefit from the redevelopment of Detroit, attracting both a younger generation working in the city and baby boomers seeking to live there.
Key Highlights
- Opportunity for redevelopment and expansion of the existing building.
- Modern facilities offering a full range of medical services including mental health, dental, primary care, and more.
- Well‑positioned location in East Detroit to serve the community's medical needs.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$638,897
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,777,940
$12.8M
Cap Rate 7%
$9,127,100
$9.1M
Cap Rate 9%
$7,098,856
$7.1M
Market Conditions
NOI Build-Up for 61,622 SF
Gross rent
$1.18M $19.20/SF
− Vacancy
−$118.3K −$1.92/SF
EGI
$1.06M $17.28/SF
− OpEx
−$425.9K −$6.91/SF
NOI
$638.9K $10.37/SF
Area
Detroit, MI
Vacancy
10.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,777,940
Cap Rate 7%
$9,127,100
Cap Rate 9%
$7,098,856
Alternative Uses
Best Use
Healthcare Medical
$9.13M
$7.99M – $10.65M
NOI $638,897 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.59M
$11.89M – $15.86M
NOI $951,584 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
Explore this area
Business Placement
Demographics for 48207, MI
21,704
Population
13,026
Households
1.7
Avg Household Size
42
Median Age
35%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
3,445
Density / Sq Mi
$44,561
Median Household Income
$43,377
Median Earnings
$1,040
Median Rent
$193,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Medical center - Modern medical facility in East Detroit with redevelopment potential.
Where is this medical center located?
The property is located at 6309 Mack Ave Detroit, MI.
What is the asking price?
The asking price for this property is $13,693,000.
What are key features of this property?
This property features: Opportunity for redevelopment and expansion of the existing building.; Modern facilities offering a full range of medical services including mental health, dental, primary care, and more.; Well‑positioned location in East Detroit to serve the community's medical needs.
