Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
OS-2 · Clinton Township, MIZoning
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Zoning designation
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The district profile from the municipal source: what is on file for OS-2 in Clinton Township, MI.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
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- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning