905 Macomb StMonroe, MI 48162

Property Details for 905 Macomb St

Year built

1979

Construction

WOOD FRAME

Lot size

1.86 AC

Property size (Sq ft)

7,371 SF

Zone code

R-1A

Property type

Office properties

Property subtype

Office buildings

APN

55-69-01231-003

APU

556901231003

Description

This exceptional 2,560 square foot medical office suite is located in a professional medical complex at 905 N Macomb #3, Monroe, MI 48162. The suite boasts high visibility and a highly convenient location directly across from Promedica hospital and surrounded by numerous other medical facilities, ensuring excellent patient access and a strong referral network. The space is currently configured to include a reception area, a comfortable waiting room, two private offices ideal for consultations or administrative tasks, a dedicated lab space, and four well-appointed exam rooms. A single restroom is also included. Ample parking is available for both staff and patients, enhancing the overall convenience of the location. The suite is offered as a gross lease, simplifying the financial aspects of tenancy. This turnkey medical office space presents a fantastic opportunity for medical professionals seeking a well-established and easily accessible location to serve their patients. The property is situated in Monroe County, Michigan, and offers a single available space within a multi-tenant building.

• CAP approach

  CAP return

  Valuation

  6%

  $1,261,826

  6.5%

  $1,164,763

  7%

  $1,081,565

• Comparable approach

  Method

  Valuation

  Relative Method

  $689,483

  Geo Method

  $689,483

• Alternative Use

  Use

  Valuation

  Residential

  $1,444,306

  Hospitality

  $1,322,976

  Educational

  $1,100,701

  Medical

  $1,138,556

  Retail

  $1,712,201

Location Insight

City

Monroe

County

Monroe

State

Michigan

Latitude

41.9272

Longitude

-83.3886

CBSA code

33780

CBSA name

MONROE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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