16540 19 Mile RdClinton Township, MI 48038

Property Details for 16540 19 Mile Rd

Year built

1990

Lot size

2.91 AC

Property size (Sq ft)

40,800 SF

Zone code

OS-1

Property type

Retail residential properties

APN

16-11-07-232-006

APU

161107232006

Description

This exceptional 2,683 square foot medical office condo, situated at 16540 Nineteen Mile Road in Clinton Township, Michigan, presents a unique investment opportunity. Built in 1990, the property boasts a generous 2.42-acre lot, offering ample space and potential for expansion or future development. The building's classification as a medical office condo ensures it's ideally suited for a variety of healthcare practices. The property's location in Macomb County, Michigan, within the 48038 zip code, provides convenient access to major roadways and a thriving community. This turnkey solution is perfect for established medical professionals seeking to expand their operations or new practices looking for a well-maintained space to begin. The property's size and location make it an attractive option for both sale and lease, providing flexibility for potential buyers and tenants. Interested parties are encouraged to explore the possibilities this prime medical office condo offers. The property is ready for immediate occupancy and presents a rare opportunity to acquire a well-established space in a desirable location. Detailed specifications and floor plans are available upon request. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $10,522,397

  6.5%

  $9,712,982

  7%

  $9,019,198

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,915,470

  Geo Method

  $5,915,470

• Alternative Use

  Use

  Valuation

  Residential

  $9,712,982

  Hospitality

  $8,897,039

  Educational

  $7,402,232

  Medical

  $7,656,806

  Retail

  $11,514,584

Location Insight

City

Clinton Township

County

Macomb

State

Michigan

Latitude

42.6123

Longitude

-82.956

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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