22550 Hall RdClinton Township, MI 48036

Property Details for 22550 Hall Rd

Year built

1997

Lot size

2.08 AC

Property size (Sq ft)

19,513 SF

Zone code

I-1

Property type

Office buildings

APN

16-11-02-201-019

APU

161102201019

Description

This single-story, 22,300 square foot Class B medical office building presents a compelling investment opportunity in Clinton Township, Michigan. Located at 22550 Hall Road, this property boasts an excellent location with outstanding signage and visibility, offering significant potential for growth. Built in 1997, the building sits on a 2.08-acre lot and is zoned I-1, allowing for a variety of medical uses. Currently configured as general office space, the property is readily adaptable for medical conversion, catering to the needs of a diverse range of healthcare providers. The building's single-unit design offers efficiency and streamlined management. Its convenient proximity to I-94 ensures easy accessibility for patients and staff. The asking price is $3,500,000. The property's APN is 16-11-02-201-019. This is a rare opportunity to acquire a well-situated medical office building in a thriving Macomb County market. The property's size, location, and zoning make it an ideal investment for those seeking a strong return on investment in the healthcare sector. The existing infrastructure provides a solid foundation for immediate occupancy or future renovations to suit specific medical practice needs. The high visibility and convenient access make this property a prime location for attracting patients and establishing a successful medical practice.

• CAP approach

  CAP return

  Valuation

  6%

  $4,058,419

  6.5%

  $3,746,233

  7%

  $3,478,645

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,825,246

  Geo Method

  $1,825,246

• Alternative Use

  Use

  Valuation

  Residential

  $4,645,329

  Hospitality

  $4,255,096

  Educational

  $3,540,190

  Medical

  $3,661,943

  Retail

  $5,506,962

Location Insight

City

Clinton Township

County

Macomb

State

Michigan

Latitude

42.6283

Longitude

-82.8832

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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