Former Medical Office in
For Sale
Contact for pricing
1750 Busha Highway, Marysville, MI 48040
3,000 SF medical office with multiple exam rooms.
Property Size4,445 SF
Price / SF$134.98
Days on Market954
Property Features for 1750 Busha Highway
General Information
Standard status
Active
Size
4,445 SF
Property subtype
Office
Listing Agency:
Kramer Commercial Realty
Listed By:
Korissa Kramer, CCIM · License #MI 6502386241
(810) 531-4090
Source:
Crexi
Added: Feb 25, 2024
Changed: Sep 28
Last Checked: Oct 5 at 5:55PM
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 Kramer Commercial Realty
Investment Insights
Based on property information with market context.
This 3,000 square foot former medical office is located in Marysville. The building contains 8 exam rooms, 2 lab areas, and 3 bathrooms. It also features 2 doctor offices, a break room, and 2 separate check-in and lobby areas. A large storage area is located in the rear of the building and includes an overhead door. The property is situated on a 4,445 square foot lot.
Key Highlights
- 3,000 SF former medical office space
- Features 8 exam rooms
- 2 separate check‑in and lobby areas**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,491
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,820
$549.8K
Cap Rate 7%
$392,729
$392.7K
Cap Rate 9%
$305,456
$305.5K
Market Conditions
NOI Build-Up for 4,445 SF
Gross rent
$53.3K $12.00/SF
− Vacancy
−$7.5K −$1.69/SF
EGI
$45.8K $10.31/SF
− OpEx
−$18.3K −$4.12/SF
NOI
$27.5K $6.18/SF
Area
St. Clair County, MI
Vacancy
14.10%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,820
Cap Rate 7%
$392,729
Cap Rate 9%
$305,456
Alternative Uses
Best Use
Healthcare Medical
$392.7K
$343.6K – $458.2K
NOI $27,491 @ 7.0% cap · market cap 4.58%
Second Best
Office B
$218.6K
$191.3K – $255.0K
NOI $15,302 @ 7.0% cap · market cap 2.55%
Theoretical Best
Multifamily LT 5
$3.34M
$2.92M – $3.90M
NOI $233,912 @ 7.0% cap · market cap 38.99%
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
150
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48040, MI
9,994
Population
4,588
Households
2.2
Avg Household Size
44
Median Age
24%
College-Educated
93%
High-School Grad
6.9 sq mi
ZIP Area
1,448
Density / Sq Mi
$69,661
Median Household Income
$45,365
Median Earnings
$955
Median Rent
$185,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 3,000 SF medical office with multiple exam rooms.
Where is this medical office space located?
The property is located at 1750 Busha Highway Marysville, MI.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 3,000 SF former medical office space; Features **8 exam rooms**; 2 separate check‑in and lobby areas**
