Property profile

11174 Highland Rd Hartland, MI 48353

FOR SALE
Commercial real estate
Property ID
US43-1702465
1,901 SF 0.46 ac lot Built 1901
Entity Owned ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional investment opportunity presents three medical office condominium units totaling 8,693 square feet within a thriving Hartland, MI medical complex. The property, located at 11174 HIGHLAND, sits on a 0.46-acre lot and boasts strong, long-term triple-net leases with established, reputable tenants. Detroit Medical Center occupies 4,313 square feet under a lease agreement, while Mercy Plus Health Care leases a combined 4,380 square feet across two units. The fourth unit, occupied by Advance Physical Therapy, complements the existing tenants and contributes to the overall synergy of the complex. This offering includes three out of the four condominium units within the building, providing a significant and stable income stream with minimal management requirements. The property is strategically located in a three-building medical complex off M-59, less than one mile east of US-23, benefiting from the rapid commercial development along the M-59/US-23 corridor. This prime location ensures continued growth and high demand within a thriving community. Financial and lease details are available upon execution of a simple confidentiality agreement. The asking price for this exceptional investment is $1,750,000. This is a secure investment opportunity with excellent financial performance and minimal management overhead. The 11,000 square foot building offers a strong return on investment in a high-growth area.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL CONDOMINUIM
Year built 1901
Total area 1,901 SF
Lot 0.46 ac (20,038 SF)
Zoning code OS
APN 08-22-305-004
UPID US43-1702465

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Crisis Center Medical Clinic
  • Counselor Personal Trainer
  • Counselor Personal Trainer
  • Physician Medical Clinic
  • Counselor

Location

11174 Highland Rd Hartland, MI 48353
Hartland metro Census 713500 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$380k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

OS · Hartland, MI

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message