1095 Huron St Waterford, MI 48328-3735
- Medical offices
- 2,385 SF
- 0.27 lot acres
Current Use by Public Records
- Medical offices
Property Details for 1095 Huron St
- Year built
- 1970
- Lot size
- 0.27 lot acres
- Property size
- 2,385 SF
- Zone code
- BI
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- W -13-25-452-033
- APU
- W1325452033
Description
This exceptional 4,770 square foot, two-story medical office building in Waterford Township, Michigan, presents a unique owner-user opportunity. Located on M-59 with excellent visibility and convenient access to Telegraph Road and I-75, this Class B property boasts ample parking (21 spaces) and is situated on a 0.27-acre lot. Built in 1970 and renovated in 1999, the building features a well-maintained interior. The upper level includes a lobby, multiple treatment rooms, and break rooms, while the lower level offers open space and a utility room, accessible via a walk-out entrance. Currently vacant, this multi-tenant building (currently one tenant) offers immediate occupancy. The permitted zoning is BI. The property's strategic location in a thriving commercial area, surrounded by shopping centers, restaurants, and other businesses, ensures high traffic and visibility. This single-ownership building (APN: 13-25-452-033) is priced at $300,000 and represents a strong investment for medical or general office users. The building's history includes two generations of ownership by the seller.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $225,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $315,000
- 6.5%
- $300,000
- 7%
- $275,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $345,000
- Geo Method
- $330,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $300,000
- Retail
- $345,000
- Mixed-Use
- $280,000
- Hospitality
- $320,000
- Educational
- $315,000
- Residential Income
- $325,000
- Energy
- $260,000
- Income-Based Land
- $340,000
- Food Service
- $305,000
Location Insight
- Map
- Local Demand
- City
- Waterford
- County
- Oakland
- State
- Michigan
- Longitude
- -83.333
- Latitude
- 42.6347
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA