6524 Secor RdLambertville, MI 48144

Property Details for 6524 Secor Rd

Lot size

1.95 AC

Property size (Sq ft)

3,768 SF

Property type

Medical offices

Property subtype

Medical centers

APN

02-105-021-00

APU

210502100

Description

This exceptional commercial property, located at 6524 Secor Road in Lambertville, Michigan, presents a unique investment opportunity. The nearly 3,000 square foot building sits on a spacious 1.95-acre lot, enjoying significant drive-by traffic on a major thoroughfare just north of Toledo. The building's versatile layout includes twelve offices or exam rooms, perfect for a variety of businesses. Two large common areas provide ample space for collaboration or client interaction, complemented by a welcoming waiting room with a dedicated reception area. A convenient kitchen and multiple bathrooms add to the property's functionality. Significant storage is available on the second floor. Further enhancing the property's utility are a 720 square foot garage and a 900 square foot pole barn, offering substantial additional space for equipment, inventory, or specialized operations. Ample parking is available both in front and behind the building, accommodating clients and employees with ease. The expansive lot offers the potential for future expansion, with enough space to support the construction of another large outbuilding. Currently, a portion of the building is leased, generating a total lease potential of $4,000 per month. The current owner is prepared to assist the new owner with necessary modifications to tailor the space to their specific business needs. This property offers a compelling blend of existing infrastructure and future development potential, making it an ideal investment for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $645,036

  6.5%

  $595,418

  7%

  $552,888

• Comparable approach

  Method

  Valuation

  Relative Method

  $352,459

  Geo Method

  $352,459

• Alternative Use

  Use

  Valuation

  Residential

  $738,318

  Hospitality

  $676,296

  Educational

  $562,670

  Medical

  $582,021

  Retail

  $875,264

Location Insight

City

Lambertville

County

Monroe

State

Michigan

Latitude

41.7337

Longitude

-83.6238

CBSA code

33780

CBSA name

MONROE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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