16100 19 Mile RdClinton Township, MI 48038
- Medical offices
- 8,274 SF
Property Details for 16100 19 Mile Rd
- Year built
- 1997
- Lot size
- 1.16 AC
- Property size (Sq ft)
- 8,274 SF
- Zone code
- OS-1
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 16-11-07-201-010
- APU
- 161107201010
Description
This exceptional 16,548-square-foot Class B medical office building, situated on a 1.16-acre lot in Clinton Township, Michigan, presents a unique investment opportunity. Built in 1997, the property boasts a prime location directly across from Henry Ford Hospital and MSU College of Osteopathic Medicine, ensuring high visibility and accessibility. The building currently houses a fully equipped and built-out surgery center, complete with a spacious lobby, consultation rooms, pre-op room, two surgery rooms, an executive office, and multiple mechanical rooms. An existing urgent care facility is also included, offering versatile potential for conversion into a medical spa, general practitioner's office, dental practice, ophthalmology clinic, or other medical uses. The lower level features a fully built-out pharmacy and a large open area ideal for physical therapy, rehabilitation, or additional office space. All equipment shown in the provided photos is included in the sale price of $6,200,000. The property is zoned OS-1 (Office/Service) and includes an on-site generator. This turnkey operation offers immediate income potential and significant long-term growth opportunities within a thriving medical corridor. The building's strategic location and comprehensive existing infrastructure make it an attractive investment for both experienced and emerging medical professionals. This is a rare opportunity to acquire a fully operational and well-equipped medical facility in a high-demand area.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,720,871
- 6.5%
- $1,588,496
- 7%
- $1,475,032
-
Comparable approach
- Method
- Valuation
- Relative Method
- $773,950
- Geo Method
- $773,950
-
Alternative Use
- Use
- Valuation
- Residential
- $1,969,736
- Hospitality
- $1,804,267
- Educational
- $1,501,129
- Medical
- $1,552,755
- Retail
- $2,335,090
Location Insight
- City
- Clinton Township
- County
- Macomb
- State
- Michigan
- Latitude
- 42.6123
- Longitude
- -82.9616
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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