19 Mile Rd, Clinton Township, MI 48038
This exceptional 8,550 square foot medical office building presents a compelling investment opportunity in Clinton Township, Michigan. Located on 19 Mile Rd, near Hayes Rd, in Macomb County, zip code 48038, this property boasts a 90% occupancy rate across its eight units. Built in 1980, the building offers a strong foundation for immediate income generation. The asking price is $1,500,000, translating to a price per square foot of $175.44. The high occupancy rate and strong location in a desirable area make this a low-risk, high-reward investment. All units are currently leased, ensuring a steady stream of revenue from the moment of acquisition. This presents a rare chance to acquire a fully occupied, income-producing asset in a thriving market. The property's address is easily accessible and benefits from high visibility. This is an ideal opportunity for investors seeking a stable and profitable addition to their portfolio. Further details are available upon request. This is a motivated seller situation.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
OS-2 · Clinton Township, MIClinton Township. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.