1671 Michigan AveClinton, MI 49236

Property Details for 1671 Michigan Ave

Lot size

1.83 AC

Property type

Commercial real estate

APN

CL0-820-8001-00

APU

CL0820800100

Description

Exceptional investment opportunity: This multi-tenant medical office building in Clinton, Michigan, presents a compelling value-add proposition. Located at 1671 W Michigan Ave, this property boasts 7,500 square feet across two single-story buildings on a 2.04-acre lot. Built in 2001, the property currently enjoys 100% occupancy with four tenants under a gross lease structure, generating a substantial net operating income (NOI) of $56,360 and a 7.27% cap rate. The asking price is $775,000, translating to $103.33 per square foot. This prime location offers excellent visibility and accessibility, situated in a high-traffic area with convenient access to major roads. The property's resilience is further enhanced by its medical office tenant base, providing a stable income stream and reduced risk of tenant turnover. The strong healthcare demand and established market presence of the tenants contribute to the long-term security and consistent returns of this recession-proof asset. This is a rare opportunity to acquire a well-performing medical office building with significant upside potential.

• Alternative Use

  Use

  Valuation

  Residential

  $15,619,704

  Hospitality

  $14,307,565

  Educational

  $11,903,726

  Medical

  $12,313,113

  Retail

  $18,516,906

Location Insight

City

Clinton

County

Lenawee

State

Michigan

Latitude

42.0708

Longitude

-83.9855

CBSA code

10300

CBSA name

ADRIAN, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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