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    FOR SALE
    Medical Office Space

    1051 S Telegraph Rd, Monroe, MI 48161

    26,864 SF 7.57 ac lot
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US43-1304011
    Property summary
    AI-generated overview

    This exceptional 26,500 square foot Class B medical office building, located at 1050 S Telegraph Rd in Monroe, Michigan (zip code 48161), presents a unique investment opportunity. The property, renovated in 2011, is ideally situated in a high-traffic corridor and offers significant potential for various uses. Currently configured as a multi-tenant building, two suites are immediately available for lease: one measuring 4,360 square feet and another spanning 5,430 square feet. Its prime location offers convenient access for patients and clients. The building's proximity to a large outpatient surgery center provides a synergistic advantage, attracting a steady stream of potential patients and referrals. The property is suitable for a wide range of medical and commercial tenants, including but not limited to medical practices, office spaces, retail businesses, urgent care facilities, and pharmacies. Tenant improvement allowances are available to qualified tenants. This property is offered for both sale and lease, providing flexibility for potential buyers and lessees. The building's strong location and versatile layout make it an attractive investment opportunity in a thriving market. Contact us today to learn more about this exceptional property and its potential.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Total area 26,864 SF
    Lot 7.57 ac (329,749 SF)
    APN 12-020-022-80
    UPID US43-1304011
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Surgical Institute of Monroe Medical Clinic Hospital
    • MURTHY S MADHIRA Physician
    • Anupama A. Shah, MB Physician
    • SCOTT E HUGHES Physician
    • TRENT DAVIS ALBRIGHT Ophthalmologist
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Vpu Monroe LLC · 1 yrs held
    Vpu Monroe LLC
    since 2024
    6 recorded transactions
    2024
    $5.1M
    2014
    2011
    2010
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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