5245 Schaefer RdDearborn, MI 48126

Property Details for 5245 Schaefer Rd

Year built

1990

Lot size

0.63 AC

Property size (Sq ft)

7,808 SF

Zone code

BB

Property type

Medical offices

Property subtype

Medical centers

APN

82 10 182 18 036

APU

821018218036

Description

This exceptional 2,000 square foot medical office space is available for lease in a prime East Dearborn location. Situated within a larger medical building, this fully remodeled suite offers immediate occupancy. The space boasts five dedicated medical exam rooms, a convenient kitchenette, two bathrooms, and two additional offices, providing ample space for a variety of medical practices. The property is ideally suited for urgent care facilities or other medical office uses. Its location in the heart of East Dearborn ensures high visibility and accessibility for patients. Ample parking is available for both staff and patients, adding to the convenience of this exceptional opportunity. The building is zoned for Commercial/Retail use. The total building size is 8,000 square feet, with 2,000 square feet currently vacant and available for lease. This single-tenant space presents a unique opportunity to establish or expand a medical practice in a thriving and well-established medical district. Don't miss this chance to secure a prime location for your business.

• CAP approach

  CAP return

  Valuation

  6%

  $1,623,950

  6.5%

  $1,499,031

  7%

  $1,391,957

• Comparable approach

  Method

  Valuation

  Relative Method

  $730,360

  Geo Method

  $730,360

• Alternative Use

  Use

  Valuation

  Residential

  $1,858,798

  Hospitality

  $1,702,649

  Educational

  $1,416,584

  Medical

  $1,465,303

  Retail

  $2,203,575

Location Insight

City

Dearborn

County

Wayne

State

Michigan

Latitude

42.3263

Longitude

-83.1764

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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