Medical/Office for Sale

Office for Sale
Also listed as Special Purpose
Catylist Listing ID: 30721395
Property Subtypes: Medical, Office Building
Building Size (RSF): 106,518 SF
Gross Land Area: 12.83 Acres
Sale Price: $800,000
Unit Price: $7.51 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class C
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 6/7/2021

Overview / Comments

Redevelopment Opportunity! Possible assisted living/multi-family or sub-development. Former hospital and medical offices. 44,058 sq. ft. lower level / 45,171 sq. ft. 1st floor / 16,839 sq. ft. 2nd floor. Full fire suppression system. Albert Kahn designed building.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $25,979 (Annual)

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Macomb
Submarket/Township: Macomb East
Tax ID/APN: 12-30-151-005
Property Located Between: Edman Street
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1925
Year Renovated: 1980
Parking Type: Surface
Total Parking Spaces: 150
Heat Type: Steam
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,835 66,321 183,184
Median Age: 40.25 40.44 40.68
Households: 4,981 29,068 77,138
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