Technical
Financial
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Property profile

29600 Wixom Rd Wixom, MI 48393

FOR LEASE
Medical Office Space
Property ID
US43-1288654
11,291 SF 1.39 ac lot Built 1998
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional single-tenant medical office building, located at 29600 S Wixom Road in Wixom, Michigan, presents a unique investment opportunity. The property boasts a total of 11,291 square feet, with 1,437 square feet currently vacant, offering immediate potential for expansion or lease. The building is classified as both retail and office space, specifically catering to medical practices and physical therapy businesses. Its convenient location in Oakland County, Michigan, provides easy access for patients and staff. The property's APN is 22-05-352-014. The building's single-tenant occupancy simplifies management and provides a stable income stream. The address is 29600 Wixom Rd, Wixom, MI 48393. This property is ideal for a growing medical practice seeking to establish a strong presence in a thriving community. The existing tenant provides a solid foundation for future growth and income generation. The 1,437 square feet of vacant space offers flexibility for expansion or the addition of complementary services. This is a rare opportunity to acquire a well-located, established medical office building with significant upside potential. The property's strategic location in Oakland County ensures high visibility and accessibility. Serious inquiries are encouraged to explore this promising investment.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1998
Total area 11,291 SF
Lot 1.39 ac (60,548 SF)
Zoning code I-S
APN 96-22-05-352-014
UPID US43-1288654

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
  • Physician
  • Medical Clinic
  • Alternative Medicine Practice Spa & Massage Center
  • Pediatrician Physician
  • Physician

Location

29600 Wixom Rd Wixom, MI 48393
Wixom metro Census 133102 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
$2.18M
Blend (final) Blend
$545k

Owner & transaction history

since 2021
1 recorded transaction
2021
Price N/A

Zoning & alternative use

I-S · Wixom, MI
Zoning description

The I-S industrial service district is designed to include uses which provide services to the city's industrial facilities and to provide services to employees at convenient locations along Wixom Road in close proximity…

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $2.0M +11.6%
Restaurant $2.0M +9.7%
Retail stores $1.9M +6.9%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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