5111 Auto Club DrDearborn, MI 48126

Property Details for 5111 Auto Club Dr

Year built

1988

Lot size

11.22 AC

Property size (Sq ft)

114,300 SF

Zone code

BC

Property type

Office buildings

APN

82 09 141 01 223

APU

820914101223

Description

This exceptional medical office building, located at 5111 Auto Club Drive in Dearborn, Michigan, 48126, offers a prime opportunity for healthcare providers seeking flexible and spacious accommodations. The building boasts a total of 50,000 square feet, currently featuring a significant amount of vacant space totaling 30,000 square feet, ideal for expansion or new tenancy. Multiple tenancy options are available, catering to a range of practice sizes and needs. Individual suites range from 2,500 square feet to the full 30,000 square feet of available space, providing scalability for growing businesses. The property's convenient location in Dearborn, Michigan offers easy access to major transportation routes and a thriving patient base. The building's modern design and efficient layout ensure a comfortable and productive work environment. This is a fantastic opportunity to establish or expand your medical practice in a highly desirable location. The property is currently available for lease. Interested parties should inquire for further details and leasing options. The building is classified as a medical office building with multiple tenants. The address is 5111 Auto Club Drive, Dearborn, MI 48126.

• CAP approach

  CAP return

  Valuation

  6%

  $21,169,092

  6.5%

  $19,540,700

  7%

  $18,144,936

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,691,622

  Geo Method

  $10,691,622

• Alternative Use

  Use

  Valuation

  Residential

  $24,230,468

  Hospitality

  $22,194,980

  Educational

  $18,465,962

  Medical

  $19,101,034

  Retail

  $28,724,830

Location Insight

City

Dearborn

County

Wayne

State

Michigan

Latitude

42.3238

Longitude

-83.2212

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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