Property summary
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
VerifiedCap rate & NOI
Current use
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Medical Clinic
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Medical Clinic
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Pediatrician Physician
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Physician
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Medical Clinic
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
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Goodrich market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2019Property description
Physical attributes from public recordsZoning & alternative use
VILLAG · Goodrich, MIZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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