Property profile

19011 10th Mile Rd Roseville, MI 48066

OFF-MARKET
Medical Office Space
Property ID
US43-4914298
2,583 SF 0.28 ac lot Built 1965
Entity Owned 18-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,583 square foot freestanding medical building presents a unique investment opportunity in Roseville, Michigan. Situated on a 0.28-acre corner lot, the property offers convenient wraparound parking for patients and staff. A comprehensive renovation in 2010 included a new roof and a modern medical build-out, perfectly suited for healthcare professionals. The functional layout is designed for optimal efficiency and includes five well-equipped exam rooms, three private offices, a lab, an x-ray room, a kitchen area, a spacious waiting/reception area, and two bathrooms. A large, open area is specifically designated for the receptionist. This meticulously maintained building is located in a thriving residential neighborhood, providing excellent visibility and accessibility. Its strategic location offers easy access to I-94, Kelly Road, and Gratiot Avenue, ensuring convenient commutes for both patients and staff. The combination of a prime location, modern updates, and a practical design makes this property an outstanding investment for medical practitioners or investors seeking a high-return asset in a desirable market. The asking price is $375,000.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1965
Construction CONCRETE
Total area 2,583 SF
Lot 0.28 ac (12,197 SF)
Zoning code O-S
APN 08-14-21-353-024
UPID US43-4914298

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Pediatrician Physician
  • Medical Clinic
  • Pediatrician Physician

Location

19011 10th Mile Rd Roseville, MI 48066-3901
Roseville metro Census 256500 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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2008
Last sale
$350,000
3 recorded transactions
2008
$275,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

O-S · Roseville, MI
Zoning description

tions. § 370-23 Required conditions. Article VII RM-2 Multiple-Family Residential District (High Rise) § 370-24 Intent. § 370-25 Principal permitted uses. § 370-26 Required conditions. Article VIII (Reserved) Article IX…

General category UNKNOWN

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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