For Sale
$799,900

1513 Center RdBurton, MI 48509

Prime medical office building, high traffic area.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 8,115 square foot Class C medical office building, situated on a 1.19-acre lot in Burton, Michigan (APN 5915553014), presents a compelling investment opportunity. Built in 1986, the property boasts a gross lease structure and currently enjoys 75% occupancy across multiple tenancies. The building features four medical suites, three of which are currently occupied, generating a net operating income (NOI) of $50,000, with a 7% cap rate and an asking price of $799,900 ($98.57/sq ft). Additional space includes over 1,200 square feet of readily adaptable upper-level space and a full basement with its own bathroom and separate zoning. The property is conveniently located on a high-traffic road with easy access to I-69, making it an ideal location for various medical or office uses. The property is zoned for commercial and office use. Ample parking is available. This is a fantastic opportunity for investors seeking a strong return in a desirable location. The building's current gross income is $70,000, with operating expenses of $20,000.

Highlights

  • $799,900 asking price for this 8,115 square foot medical office building.
  • Located at 1513 S Center Rd, Burton, MI 48509, on a 1.19-acre lot (APN 5915553014).
  • Class C, multi-tenant building with 75% occupancy and a 7.00% cap rate.
  • Gross lease type, generating a Net Operating Income (NOI) of $50,000.
  • Built in 1986, with permitted Commercial/Office zoning.

Property Details for 1513 Center Rd

Property type
Office properties, Medical offices
Square Feet
8,115 SF
Class
C
Year Built
1986
Lot Size (sq. ft)
51,836 SF

Location Insight

City
Burton
County
Genesee
State
Michigan
Latitude
43.0044733
Longitude
-83.634036
1513 Center Rd, Burton, Michigan

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1513 Center Rd
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