7521 Telegraph RdNewport, MI 48166

Property Details for 7521 Telegraph Rd

Year built

1972

Lot size

0.78 AC

Property size (Sq ft)

3,928 SF

Property type

Medical offices

Property subtype

Medical centers

APN

07-009-009-00

APU

700900900

Description

This exceptional single-tenant medical office building, located at 7521 N Telegraph Suite 2, Newport, MI 48166, offers 3,968 square feet of versatile space. Situated on a 0.78-acre lot in Monroe County, this property boasts high visibility and excellent street exposure, making it ideal for a variety of businesses. Built in 1972, the building is well-maintained and ready for immediate occupancy. The property is perfect for medical professionals or office-based operations seeking a prominent location with high traffic. The flexible space allows for customization to suit individual business needs, ranging from smaller suites to the entire 3,968 square foot building. This is a Modified Gross Lease opportunity. The property's location in Newport, Michigan offers easy access to major roadways, ensuring convenient commutes for employees and clients. The high-traffic area guarantees significant exposure for your business, attracting a large customer base. This is a rare opportunity to secure a well-established and highly visible commercial property in a thriving community. The property is classified as both Office and Land, providing ample space for both indoor operations and potential outdoor expansion or parking. The single-tenant setup offers simplicity and control, making it an attractive option for businesses seeking a dedicated space.

• CAP approach

  CAP return

  Valuation

  6%

  $672,426

  6.5%

  $620,701

  7%

  $576,365

• Comparable approach

  Method

  Valuation

  Relative Method

  $367,425

  Geo Method

  $367,425

• Alternative Use

  Use

  Valuation

  Residential

  $769,669

  Hospitality

  $705,013

  Educational

  $586,563

  Medical

  $606,735

  Retail

  $912,431

Location Insight

City

Newport

County

Monroe

State

Michigan

Latitude

41.9865

Longitude

-83.3688

CBSA code

33780

CBSA name

MONROE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].