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Property profile & analytics
FOR SALE
Commercial real estate

7477 S State Rd Goodrich, MI 48438

3,096 SF 4.68 ac lot Built 1993
Individually Owned 2-yr Hold Free & Clear
Property ID
US43-1238035
Property summary
AI-generated overview

This exceptional 3,000 square foot industrial property, situated on a generous 4.68-acre lot in Goodrich, Michigan, presents a compelling investment opportunity. Conveniently located off M-15, the building boasts excellent visibility and accessibility. Currently occupied, the property features two handicap-accessible parking lots, ensuring ample parking for tenants and visitors. The building is divided into two distinct units. The upper level, encompassing 3,339 square feet, is currently utilized as a medical doctor's office. The lower level, comprising 2,800 square feet, is also leased. The property benefits from recent significant upgrades, including a new well pump installed in 2023, a new upper-level HVAC system in 2021, and a new lower-level HVAC system in 2022, demonstrating a commitment to ongoing maintenance and operational efficiency. Tenants are responsible for their own tenant improvements, common area maintenance (TICAM). This turnkey investment offers a strong potential for immediate cash flow and long-term appreciation. The property's prime location, substantial size, and recent improvements make it an attractive proposition for discerning investors seeking a stable and profitable addition to their portfolio. Serious inquiries only.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1993
Construction WOOD
Total area 3,096 SF
Lot 4.68 ac (203,774 SF)
Zoning code VILLAG
APN 02-15-400-030
UPID US43-1238035
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Advanced Physical Therapy Center Medical Clinic
  • Genesys Integrated Group Practice Medical Clinic
  • Dr. Mark S. Clark, MD Pediatrician Physician
  • Bridget M. Hillman, PA Physician
  • Heidi Hilton-Kosch Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Mark S Clark · 2 yrs held
Mark S Clark
since 2023
2 recorded transactions
2023
Price N/A
1969
Price N/A
Zoning & alternative use
VILLAG · Goodrich, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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