400 Main St Onsted, MI 49265

This exceptional 5,837 square foot medical office building, located at 400 N Main St, Onsted, MI 49265, presents a compelling investment opportunity. Built in 2001 and renovated in 2015, the property sits on a 1.84-acre lot and boasts 100% occupancy with two tenants under a multi-tenant lease with four years remaining. The building offers a stabilized investment profile with a value-add potential, generating a strong net operating income (NOI) of $84,995 and an 8.50% cap rate. The asking price is $1,000,000, translating to $171.32 per square foot. The property benefits from its prime location in a high-traffic area with excellent visibility and convenient access to major roads. Its tenant is a high-credit healthcare provider, ensuring a stable income stream and minimizing the risk of tenant turnover. The property's location in a thriving community, close to residential areas and commercial establishments, further enhances its long-term value and appeal. The essential nature of healthcare services makes this a recession-proof asset with consistent returns, providing a secure and profitable investment for years to come. This is a single-building property.