7555 Secor RdLambertville, MI 48144

Property Details for 7555 Secor Rd

Lot size

1.30 AC

Property size (Sq ft)

5,848 SF

Property type

Office buildings

APN

02-030-134-20

APU

203013420

Description

Aspen Grove Village, located at 7555 and 7581 Secor Road in Lambertville, Michigan, presents a unique opportunity for medical professionals seeking prime office space. This Class B property, built in 2004, comprises three buildings with a total of 18,426 square feet. The complex offers multiple tenancy options, with five spaces currently available, ranging from a minimum of 924 square feet to a maximum contiguous space of 2,257 square feet. A total of 7,731 square feet is currently vacant and ready for immediate occupancy. Each suite boasts a 9-foot ceiling height. The property is zoned PBO C-1 and is conveniently situated in Monroe County, Michigan, with the zip code 48144. Ample parking is provided with 117 spaces available for tenants and their clients. Building amenities include elevators and 220-amp power. The two-story buildings offer a versatile layout suitable for a variety of medical practices. This is an exceptional opportunity to establish or expand your medical practice in a well-maintained and conveniently located complex. Interested parties should inquire about available space and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $1,001,107

  6.5%

  $924,099

  7%

  $858,092

• Comparable approach

  Method

  Valuation

  Relative Method

  $547,022

  Geo Method

  $547,022

• Alternative Use

  Use

  Valuation

  Residential

  $1,145,882

  Hospitality

  $1,049,622

  Educational

  $873,273

  Medical

  $903,307

  Retail

  $1,358,425

Location Insight

City

Lambertville

County

Monroe

State

Michigan

Latitude

41.7519

Longitude

-83.6272

CBSA code

33780

CBSA name

MONROE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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