Property profile

1307 Frd Ave Wyandotte, MI 48192

OFF-MARKET
Medical Office Space
Property ID
US43-2616794
3,748 SF 0.26 ac lot Built 1986
Individually Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,748 square foot medical office building, located at 1307 Ford Avenue in Wyandotte, Michigan, presents a compelling investment opportunity. Built in 1986, this freestanding building sits on a 0.26-acre lot and is zoned B-1, offering flexibility for a variety of medical uses. The property boasts ample parking with 19 spaces, ensuring convenient access for patients and staff. The asking price is $395,000, representing a significant price reduction. Alternatively, the property is available for lease at a rate of $14.00 per square foot, triple net (NNN). Its prime location offers easy access to major expressways and is conveniently situated minutes away from Henry Ford Wyandotte Hospital, making it an ideal location for medical professionals seeking high visibility and patient accessibility. The property's APN is 57-013-07-0045-000. This well-maintained building provides a turnkey solution for established or emerging medical practices seeking a strategic location within a thriving community. The property's proximity to other area hospitals further enhances its appeal. This is a rare opportunity to acquire a well-positioned medical office building in a desirable location.

Property profile

Verified
Property type Medical Office Space
Use group DENTAL BUILDING
Year built 1986
Total area 3,748 SF
Lot 0.26 ac (11,326 SF)
APN 57 013 07 0045 000
UPID US43-2616794

Cap rate & NOI

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

Location

1307 Frd Ave Wyandotte, MI 48192-3823
Wyandotte metro Census 580600 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$360k

Owner & transaction history

since 2024
Last sale
$360,000
7 recorded transactions
2024
Price N/A
2024
$360,000
2018
Price N/A
2006
$525,000
2006
Price N/A
2006
$295,847
2006
$525,000

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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