Property profile

11885 Twelve Mile Rd Warren, MI 48093

FOR LEASE
Medical Office Space
Property ID
US43-0230978
38,812 SF 2.78 ac lot Built 1970
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class B medical office building, located at 11885 Twelve Mile Road in Warren, Michigan, offers a prime opportunity for healthcare professionals. Situated in Macomb County, this 38,343 square foot building boasts a convenient location directly across from Ascension Hospital, ensuring high visibility and accessibility for patients. Originally constructed in 1970, the property underwent a comprehensive renovation in 2020, resulting in modern and updated facilities. The building features multiple tenancies, providing flexibility for various medical practices. Currently, there are several suites available, ranging in size from 972 square feet to 6,599 square feet, catering to a variety of needs and practice sizes. The building's prime location in Warren, MI, 48093, offers excellent access to major roadways and a thriving patient base. This is an ideal opportunity to establish or expand a medical practice in a well-maintained and strategically located building. The property's recent renovation ensures modern amenities and a comfortable environment for both staff and patients. Interested parties are encouraged to inquire about available suite sizes and lease terms. This property presents a rare chance to secure a prominent position within a thriving medical community.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1970
Total area 38,812 SF
Lot 2.78 ac (121,097 SF)
Zoning code PB
APN 12-13-11-353-039
UPID US43-0230978

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
  • Loan Service Bank
  • Medical Clinic Hospital
  • Dental Office
  • Dental Office
  • Physician

Location

11885 Twelve Mile Rd Warren, MI 48093
Warren metro Census 261300 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.37M
Blend (final) Blend
$2.38M

Owner & transaction history

since 2022
3 recorded transactions
2022
Price N/A
2020
Price N/A
2015
Price N/A

Zoning & alternative use

PB · Warren, MI
Zoning description

square ft. wall sign in which a variance was granted for on 5/24/2023. Total signage 79.46 square ft. ORDINANCES and REQUIREMENTS: Section 4A.33 - Signs Permitted in Professional Business and Special Service Districts (P…

General category COMMERCIAL
Top alternative use upside
Office building $3.7M +17.5%
Restaurant $3.4M +7.1%

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
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