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    Hall Road Commercial Building Title is generated by Realmo AI

    22550 Hall Rd, Clinton Township, MI 48036

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    22,300 SF building suitable for multiple uses.

    Type:Office
    Property size:
    22,300 SF
    Price / SF:
    $156/SF
    Added:
    Nov 11, 2024
    Days on Market:
    602
    Last Refresh:
    May 13 at 8:19 pm

    Property Features for 22550 Hall Rd

    General Information

    Standard status
    Active
    Size
    22,300 SF
    Property subtype
    Office

    Building Details

    Year Built
    1997

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    Robert Gojcaj
    Robert Gojcaj

    Listing office L. Mason Capitani

    Listing date Nov 11, 2024

    Source Crexi

    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 L. Mason Capitani

    HighLights

    • 22,300 SF Available for Sale
    • Outstanding Hall Road Signage and Visibility
    • Available for Medical, Flex, Industrial, or Retail Conversions
    • Existing General Office Layout
    • Garage Space with Two Overhead Doors
    • Minutes from I‑94

    Overview

    This 22,300 square foot building is available for sale. The existing layout is suitable for general office use, but the property could be converted for medical, flex, industrial, or retail purposes. The property includes garage space with two overhead doors. It benefits from outstanding signage and visibility on Hall Road and is located minutes from I-94.

    Local Financial Insights For Flex RnD

    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 $441.5k $19.80
    − Vacancy −$51.9k −$2.33
    EGI $389.7k $17.47
    − OpEx −$136.4k −$6.12
    NOI $253.3k $11.36
    22,300 SF · lease $19.80/SF/yr · vacancy 11.75% · expense 35.00%

    Alternative Uses

    Best Use
    Flex RnD
    $3.62M
    $3.17M – $4.22M (±1% cap)
    NOI $253,278 @ 7.0% cap · market cap 7.24%
    Second Best
    Healthcare Medical
    $3.34M
    $2.92M – $3.90M (±1% cap)
    NOI $233,795 @ 7.0% cap · market cap 6.68%
    Theoretical Best
    Specialty Retail
    $4.17M
    $3.65M – $4.87M (±1% cap)
    NOI $292,244 @ 7.0% cap · market cap 8.35%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Dental Office Hair Salon Law Firm Spa & Massage Center Hotel & Motel Grocery & Convenience Store Nail Salon Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clinton Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.883134
    Latitude
    42.628263

    FAQs

    What type of property is this?
    Office building - 22,300 SF building suitable for multiple uses.
    Where is this office building located?
    The property is located at 22550 Hall Rd Clinton Township, MI.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: 22,300 SF Available for Sale; Outstanding Hall Road Signage and Visibility; Available for Medical, Flex, Industrial, or Retail Conversions
    More about this property
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