Property profile

18940 Schoolcraft Detroit, MI 48223

OFF-MARKET
Medical Office Space
Property ID
US43-1204576
2,483 SF 0.14 ac lot Built 1966
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This property is a 1,900-square-foot office space within a two-tenant building in the Grandmont/Rosedale area, a Detroit neighborhood comprised of North Rosedale Park, Rosedale Park, Grandmont, Grandmont #1, and Minock Park. The space is configured as a medical office and includes access to a 360-square-foot shared reception area. Interior features include five offices or exam rooms, central heating and air conditioning, and a security system. The site is positioned minutes from major roadways including Southfield Freeway, I-96 Express, and West Grand River Avenue, supporting professional and medical office uses consistent with its prior medical-office configuration.

Property profile

Verified
Property type Medical Office Space
Use group DENTAL BUILDING
Year built 1966
Total area 2,483 SF
Lot 0.14 ac (6,098 SF)
Zoning code B4
APN 22009648-50
UPID US43-1204576

Cap rate & NOI

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

Location

18940 Schoolcraft Detroit, MI 48223-2906
Detroit metro Census 543300 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
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Comparable Approach Comparable
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Blend (final) Blend
$165k

Owner & transaction history

Zoning & alternative use

B4 · Detroit, MI
Zoning description

), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…

General category COMMERCIAL

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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