5335 Auburn Rd Shelby Township, MI 48317-4115
- Medical offices
- 4,720 SF
- 1.91 lot acres
Current Use by Public Records
- K Heart & Vascular Institute PLLC / Cardiologist / Medical Clinic
Property Details for 5335 Auburn Rd
- Year built
- 2004
- Lot size
- 1.91 lot acres
- Property size
- 4,720 SF
- Zone code
- CK MAP
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 23-07-32-226-006
- APU
- 230732226006
Description
This exceptional 4,270-square-foot Class C medical office building, situated on a 2.01-acre lot in Shelby Township, Michigan, presents a unique investment opportunity. Built in 2008 and extensively renovated in 2023, the property boasts high-end finishes throughout and an exceptional layout ideal for various medical uses. The building features excellent main road signage on Auburn Road, providing high visibility and accessibility. Its convenient location offers immediate access to M-59 and proximity to major medical centers like Troy Beaumont and Macomb Henry Ford hospitals. The property is zoned for commercial use and includes a single building on the lot. The asking price is $1,100,000, translating to $257.61 per square foot. The property's APN is 23-07-32-226-006. This turnkey medical office building is ready for immediate occupancy and represents a strong investment in a thriving medical market. The address is 5335 Auburn Rd, Shelby Township, MI 48317.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $910,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $960,000
- 6.5%
- $915,000
- 7%
- $925,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $920,000
- Geo Method
- $890,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,075,000
- Retail
- $765,000
- Mixed-Use
- $910,000
- Hospitality
- $905,000
- Educational
- $780,000
- Residential Income
- $910,000
- Energy
- $1,020,000
- Income-Based Land
- $845,000
- Food Service
- $945,000
Location Insight
- Map
- Local Demand
- City
- Shelby Township
- County
- Macomb
- State
- Michigan
- Longitude
- -83.0571
- Latitude
- 42.6385
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA