16100 19 Mile RdClinton Township, MI 48038

For Sale
$6,200,000 View listing
  • 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
16100 19 Mile Rd, Clinton Township, Michigan

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$39,522
-
-
$919,500
-
-
-
$1,839,000

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