15760 19 Mile RdClinton Township, MI 48038

Property Details for 15760 19 Mile Rd

Year built

1980

Lot size

0.98 AC

Property size (Sq ft)

8,494 SF

Zone code

OS-1

Property type

Office buildings

APN

16-11-07-126-029

APU

161107126029

Description

This single-tenant medical office building, located at 15760 19 Mile Rd in Clinton Township, Michigan, presents a compelling investment opportunity. The property boasts a total of 8,550 square feet situated on a 0.98-acre lot. Currently, 1,100 square feet is available for lease. Built in 1980, this one-story Class B building features an updated exterior and benefits from its convenient location across from Henry Ford Hospital. The property is zoned O-1 and has a Macomb County APN of 11-07-126-029. Its address is 15760 19 Mile Rd, Clinton Twp, MI 48038, situated on the south side of 19 Mile Road between Hayes and Garfield Roads. The property's single-tenant occupancy provides stability, while the available space offers potential for expansion or additional income. The building's proximity to a major medical facility enhances its desirability and potential for long-term growth. This is an excellent opportunity to acquire a well-maintained medical office building in a prime location with a strong tenant base and significant upside potential. The property offers a blend of established tenancy and immediate leasing potential, making it an attractive investment for both seasoned and emerging investors in the commercial real estate market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,766,628

  6.5%

  $1,630,734

  7%

  $1,514,252

• Comparable approach

  Method

  Valuation

  Relative Method

  $794,529

  Geo Method

  $794,529

• Alternative Use

  Use

  Valuation

  Residential

  $2,022,110

  Hospitality

  $1,852,242

  Educational

  $1,541,043

  Medical

  $1,594,042

  Retail

  $2,397,178

Location Insight

City

Clinton Township

County

Macomb

State

Michigan

Latitude

42.6119

Longitude

-82.9654

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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