Private Medical Office
S 7477 S STATE Road Unit SourceFi Goodrich, MI 48438
S 7477 S STATE Road Unit SourceFi, Goodrich, MI, 48438
$890,000
For Sale
$890,000
Well-maintained, tenant-occupied medical building with upper and lower rented levels and two handicap-accessible parking lots.
Property Size3,000 SF
Price / SF$296.67
Days on Market40
Property Features for S 7477 S STATE Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing agency
Century 21 Metro Brokers-Davison
(810) 955-2622
Listed by
Michelle Bundy
(810) 955-2622
Source
Xome
Added: Jun 12 Updated: Jul 19 at 2:31AM Checked: Jul 21 at 2:59AM
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 Century 21 Metro Brokers-Davison
Investment Insights
Based on property information with market context.
This private medical office building is well cared for and maintained, and it is subject to tenant rights. The property is occupied, with the first unit used as a medical doctor’s office, and additional space on the upper and lower levels.
The upper level totals 3,339 square feet, while the lower level includes 2,800 square feet of rented space. The building features two parking lots that are handicap accessible. Located right off M-15 in Goodrich, the property has a roof that was replaced in 2024 and several recent mechanical updates, including a new well pump in 2023, a new upper HVAC system in 2021, and a lower HVAC system replacement in 2022.
Tenants pay TICAM.
The upper level totals 3,339 square feet, while the lower level includes 2,800 square feet of rented space. The building features two parking lots that are handicap accessible. Located right off M-15 in Goodrich, the property has a roof that was replaced in 2024 and several recent mechanical updates, including a new well pump in 2023, a new upper HVAC system in 2021, and a lower HVAC system replacement in 2022.
Tenants pay TICAM.
Key Highlights
- Spacious private medical building off M‑15 in Goodrich, occupied and subject to tenant rights
- Two handicap‑accessible parking lots on‑site
- Upper level offers 3,339 SF of space
Local Financial Insights For Healthcare Medical
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 | $64.8k | $21.60 |
| − Vacancy | −$8.1k | −$2.70 |
| EGI | $56.7k | $18.90 |
| − OpEx | −$22.7k | −$7.56 |
| NOI | $34.0k | $11.34 |
3,000 SF · lease $21.60/SF/yr · vacancy 12.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$486.0K
$425.3K – $567.0K
NOI $34,020 @ 7.0% cap · market cap 3.82%
Second Best
Office B
$472.1K
$413.1K – $550.8K
NOI $33,049 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$631.3K
$552.4K – $736.5K
NOI $44,190 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Advanced Physical Therapy ...
Medical Clinic
Genesys Integrated Group ...
Medical Clinic
Dr. Mark S. ...
Pediatrician
Bridget M. Hillman, ...
Physician
Heidi Hilton-Kosch
Medical Clinic
Similar For Sale Nearby
Similar Off Market Nearby
- Pytel Veterinary Clinic — 7485 S State Rd, Goodrich, MI 48438
FAQs
What type of property is this?
Medical Office Space - Well-maintained, tenant-occupied medical building with upper and lower rented levels and two handicap-accessible parking lots.
Where is this medical office space located?
The property is located at S 7477 S STATE Road Unit SourceFi Goodrich, MI.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: Spacious private medical building off M‑15 in Goodrich, occupied and subject to tenant rights; Two handicap‑accessible parking lots on‑site; Upper level offers 3,339 SF of space
