0 7559-7561Highland Rd, Waterford Township, MI 48327
This exceptional 2,300 square-foot medical office building presents a compelling investment opportunity in Waterford Township, Michigan. Situated on a 0.41-acre lot at 7559-7561 Highland Road, this single-story, Class C building boasts a convenient location along the highly trafficked M-59 (Highland Road). Built in 1960, the property features ample parking with 12 spaces, ensuring easy access for patients and staff. The building is zoned B-1, offering flexibility for various medical uses. Its strategic location offers excellent visibility and proximity to Oakland International Airport, just one mile away. The surrounding area is vibrant, with numerous restaurants, retail establishments, and marinas, providing convenience and attracting a strong patient base. The asking price is $420,000, translating to $182.61 per square foot. This freestanding building presents a rare opportunity to acquire a well-located medical office property in a thriving community. The property's APN is 13-18-451-004. This is a single-tenancy building.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.