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    FOR LEASE
    Medical Office Space

    11885 Twelve Mile Rd, Warren, MI 48093

    38,812 SF 2.78 ac lot Built 1970
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US43-0230978
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    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
    Macomb Healthcare Investors LLC · 4 yrs held
    Macomb Healthcare Investors LLC
    since 2022
    3 recorded transactions
    2022
    2020
    2015
    Zoning & alternative use
    PB · Warren, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $3.7M +17.5%
    Restaurant $3.4M +7.1%
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