1623 Ford Ave Wyandotte, MI 48192
- Medical offices
- 2,793 SF
- 0.22 lot acres
Current Use by Public Records
- Medical offices
Property Details for 1623 Ford Ave
- Lot size
- 0.22 lot acres
- Property size
- 2,793 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 57 016 02 0316 300
- APU
- 57016020316300
Description
This exceptional 2,793-square-foot Class B medical office building, situated at 1623 Ford Ave in Wyandotte, Michigan, presents a compelling investment opportunity. Constructed in 1956, the property boasts a prime corner location on busy Ford Avenue (Northline), near Fort Street, ensuring high visibility and accessibility. The building's interior features six exam rooms, a dedicated lab, and an X-ray facility, along with additional versatile office space. This adaptable layout makes it ideal for a variety of medical practices or other office uses, and even presents potential for retail adaptation. Its strategic location offers unparalleled convenience, being just minutes away from both Henry Ford Wyandotte Hospital and Trenton Beaumont, making it an attractive option for healthcare professionals seeking proximity to major medical centers. The property is available for both sale and lease, providing flexibility for potential buyers and tenants. The building's location on a major thoroughfare in Wayne County, Michigan, zip code 48192, ensures excellent exposure and accessibility for patients and clients. This is a rare opportunity to acquire a well-established medical office building in a thriving community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $290,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $375,000
- 6.5%
- $355,000
- 7%
- $390,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $310,000
- Geo Method
- $345,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $290,000
- Retail
- $310,000
- Mixed-Use
- $335,000
- Hospitality
- $330,000
- Educational
- $305,000
- Residential Income
- $345,000
- Energy
- $345,000
- Income-Based Land
- $375,000
- Food Service
- $350,000
Location Insight
- Map
- Local Demand
- City
- Wyandotte
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1724
- Latitude
- 42.2136
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA