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    FOR LEASE
    Medical Office Space

    16180 Meyers Rd, Detroit, MI 48235

    5,514 SF 0.18 ac lot Built 1956
    Individually Owned 5-yr Hold Free & Clear
    Property ID
    US43-0365971
    Property summary
    AI-generated overview

    This exceptional 5,522-square-foot freestanding building, located at 16180 Meyers Rd in Detroit, Michigan, presents a unique opportunity for a variety of businesses. Built in 1956 and situated on a 0.18-acre lot, the property is zoned B2 Local Business, offering flexibility for diverse uses. Currently entirely vacant, the space is ideal for a medium-sized business or large non-profit organization. The layout features a large open area complemented by private offices, providing ample space for various operational needs. A fully equipped kitchen is included, adding further versatility. The building is equipped with existing security and internet infrastructure, minimizing initial setup costs. The motivated landlord is open to build-to-suit options, tailoring the space to meet specific tenant requirements. This prime location in Wayne County, with easy access to major transportation routes, makes this property an attractive investment. The property's single-tenant occupancy simplifies management and provides a cohesive work environment. This is a rare opportunity to acquire a well-located, adaptable commercial space with significant potential for growth and customization. The property's existing infrastructure and the landlord's willingness to collaborate make this an exceptional opportunity for a business seeking a move-in ready space or a customized solution.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1956
    Total area 5,514 SF
    Lot 0.18 ac (7,841 SF)
    Zoning code B2
    APN 16046111-4
    UPID US43-0365971
    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
    Current use
    Occupant on record · Public records
    • African Bureau for Immigration and Social Affairs (ABISA) Charitable Organization Social Service Agency
    • LIFT Women's Resource Center Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Gregoire W Eugene-louis · 5 yrs held
    Gregoire W Eugene-louis
    since 2020
    Last sale
    $55,000
    2 recorded transactions
    2024
    2020
    $55,000
    Zoning & alternative use
    B2 · Detroit, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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