22550 Hall Rd Clinton Township, MI 48036
- Office buildings
- 19,513 SF
- 2.08 lot acres
Current Use by Public Records
- Office buildings
Property Details for 22550 Hall Rd
- Year built
- 1997
- Lot size
- 2.08 lot acres
- Property size
- 19,513 SF
- Zone code
- I-1
- Property type
- Office buildings
- APN
- 16-11-02-201-019
- APU
- 161102201019
Description
This single-story, 22,300 square foot Class B medical office building presents a compelling investment opportunity in Clinton Township, Michigan. Located at 22550 Hall Road, this property boasts an excellent location with outstanding signage and visibility, offering significant potential for growth. Built in 1997, the building sits on a 2.08-acre lot and is zoned I-1, allowing for a variety of medical uses. Currently configured as general office space, the property is readily adaptable for medical conversion, catering to the needs of a diverse range of healthcare providers. The building's single-unit design offers efficiency and streamlined management. Its convenient proximity to I-94 ensures easy accessibility for patients and staff. The asking price is $3,500,000. The property's APN is 16-11-02-201-019. This is a rare opportunity to acquire a well-situated medical office building in a thriving Macomb County market. The property's size, location, and zoning make it an ideal investment for those seeking a strong return on investment in the healthcare sector. The existing infrastructure provides a solid foundation for immediate occupancy or future renovations to suit specific medical practice needs. The high visibility and convenient access make this property a prime location for attracting patients and establishing a successful medical practice.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,450,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,350,000
- 6.5%
- $1,315,000
- 7%
- $1,530,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,475,000
- Geo Method
- $1,660,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,305,000
- Retail
- $1,370,000
- Mixed-Use
- $1,180,000
- Hospitality
- $1,435,000
- Educational
- $1,190,000
- Residential Income
- $1,245,000
- Energy
- $1,280,000
- Income-Based Land
- $1,330,000
- Food Service
- $1,525,000
Location Insight
- Map
- Local Demand
- City
- Clinton Township
- County
- Macomb
- State
- Michigan
- Longitude
- -82.8832
- Latitude
- 42.6283
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
