16331 9 Mile Rd Eastpointe, MI 48021
- Office Properties & Spaces
- 8,433 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 16331 9 Mile Rd
- Year built
- 1994
- Property size
- 8,433 SF
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents an 8,433 square foot, three-story Class B office building located at 16331 E 9 Mile Rd, Eastpointe, MI 48021. The property boasts a 12% cap rate at lease-up and is currently 72% occupied by a mix of tenants, including a long-term established physical therapy practice and a community credit union. The building, constructed in 1994, features attached parking and is situated on a high-traffic road, ensuring excellent visibility and accessibility. The property includes a bonus common area and meeting space, adding value and convenience. The building is well-maintained and presents a clean, professional image. The zoning is B-3, and the APN is 02-14-30-454-035. This stabilized investment is ideal for an owner-user seeking executive suites (approximately 2,400 square feet available on the third floor) or for an investor seeking a strong return. The property offers a blend of established tenants and readily available space, presenting a compelling opportunity for immediate income and future growth. The single-building property consists of one three-story structure. The current tenancy is multi-tenant with one tenant currently occupying the space. There is no credit rating available for the tenant.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Eastpointe
- County
- Macomb
- State
- Michigan
- Longitude
- -82.9532
- Latitude
- 42.4647
