Standish Leased Investment
For Sale
Contact for pricing
3709 Deep River Rd, Standish, MI 48658
Fully leased office building occupied by MDHHS with long-term renewal.
Property Size10,141 SF
Price / SF$113.40
Days on Market1059
Property Features for 3709 Deep River Rd
General Information
Standard status
Active
Size
10,141 SF
Property subtype
Office
Occupancy
100%
Investment Type
Institutional
Building Details
Tenancy
Single
Listing Agency:
Trademark Commercial Group
(989) 792-2192
Listed By:
Gretchen Witherspoon · License #MI 6501316390
Source:
Crexi
Added: Sep 28, 2023
Changed: Aug 8
Last Checked: Aug 20 at 4:55PM
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 Trademark Commercial Group
Investment Insights
Based on property information with market context.
This commercial property in Standish, Michigan, presents an investment opportunity. Constructed in 1987, the building has been occupied by the Michigan Department of Health & Human Services (MDHHS) for over 30 years. The property is 10,141 square feet. MDHHS recently signed a 5-year renewal, which expires in 2028, with an additional 5-year option available to lease into 2033. The Standish MDHHS is the only branch serving Arenac County, with the closest MDHHS location 25 miles away in Gladwin. The current Cap Rate is 8%.
Key Highlights
- Fully leased by Michigan Department of Health & Human Services (MDHHS).
- MDHHS recently signed a 5‑year renewal, expiring in 2028, with a 5‑year option to 2033.
- Current Cap Rate is 8%.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Explore this area
Business Placement
Demographics for 48658, MI
4,871
Population
2,435
Households
2
Avg Household Size
45
Median Age
14%
College-Educated
90%
High-School Grad
81.2 sq mi
ZIP Area
60
Density / Sq Mi
$52,899
Median Household Income
$33,295
Median Earnings
$682
Median Rent
$112,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Fully leased office building occupied by MDHHS with long-term renewal.
Where is this office building located?
The property is located at 3709 Deep River Rd Standish, MI.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Fully leased by Michigan Department of Health & Human Services (MDHHS).; MDHHS recently signed a 5‑year renewal, expiring in 2028, with a 5‑year option to 2033.; Current Cap Rate is 8%.
