Property profile

27895-27953 23 Mile Rd New Baltimore, MI 48051

OFF-MARKET
Neighborhood centers
155,958 SF 15.55 ac lot Built 1995
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Property summary

AI-generated overview

This exceptional 155,958 square foot medical office and retail property, located at 27895-27953 23 Mile Road in New Baltimore, Michigan, presents a unique investment opportunity. Built in 1995, the property sits on a generous 15.55-acre lot (APN: 09-14-376-029) and offers ample parking with 1000 spaces. The property is currently configured as a multi-tenant strip center with a total of 155,958 square feet, offering flexible space options. Currently, there is 15,040 square feet of vacant space available, divisible into units as small as 2,835 square feet and with a maximum contiguous space of 15,040 square feet. This prime location in Virginia County, Michigan, (zip code 48051) provides excellent visibility and accessibility. The property's classification as both retail and office space allows for diverse tenant possibilities, making it an ideal investment for a variety of businesses. The substantial size of the available space, combined with the ample parking and convenient location, makes this property an attractive option for medical practices seeking expansion or relocation. This is a rare opportunity to acquire a significant medical office complex in a thriving Michigan community.

Property profile

Verified
Property type Neighborhood centers
Year built 1995
Total area 155,958 SF
Lot 15.55 ac (677,358 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

27895-27953 23 Mile Rd New Baltimore, MI 48051
New Baltimore metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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