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    7050 Grafton Rd Newport, MI 48166

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    For Lease
    Contact for pricing

    Prime Medical/Office Building, 4050 SF

    Lot size:
    4,050 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional single-tenant medical office building, located at 7050 Grafton Suite 4, Newport, MI, offers 4,050 square feet of versatile space. Situated on a generous 8.9-acre lot, this high-visibility property enjoys a central location just off Telegraph Road, ensuring excellent traffic flow and exposure. Built in 1992, the building provides a flexible layout suitable for a range of professional uses, from small medical practices to larger businesses. The property's convenient location within a thriving community makes it an ideal opportunity for businesses seeking a strong presence in a growing market. The single-suite design offers efficiency and control, while the ample lot size provides significant potential for future expansion or development. This property presents a rare opportunity to acquire a well-maintained, strategically located commercial space in a desirable area. The building's size and location make it perfect for a variety of uses, offering a blend of accessibility and visibility. The property is classified as both medical office and commercial, allowing for a wide range of potential tenants. This is a turnkey opportunity for a business seeking a ready-to-occupy space in a high-traffic area. The property's single-tenant occupancy simplifies management and provides a stable investment opportunity.

    Property Features for 7050 Grafton Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,050 SF

    Unit(s) available at that property

    Space
    Size
    4,050 SF

    HighLights

    • 4,050 SF medical/commercial office building on 8.9 acres in Monroe County.
    • Single‑tenant occupancy.
    • Located in Newport, MI, offering high visibility near Telegraph Road.
    • Built in 1992, the space is flexible and accessible.
    • Suitable for small practices or larger businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Auto Repair Shop Clothing Store Pharmacy Auto Parts Store Garden Center Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Monroe
    State
    Michigan
    Longitude
    -83.2641423
    Latitude
    41.9418903

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    FAQs

    What type of property is this?
    Medical office - Prime Medical/Office Building, 4050 SF
    Where is this medical office located?
    The property is located at 7050 Grafton Rd Newport, MI.
    What are key features of this property?
    This property features: 4,050 SF medical/commercial office building on 8.9 acres in Monroe County.; Single-tenant occupancy.; Located in Newport, MI, offering high visibility near Telegraph Road.
    Request Owner's contact information
    7050 Grafton Rd Newport, MI 48166
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    Newport, MI 48166
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7050 Grafton Rd Newport, MI 48166
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