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$1,500,000
Est. payment /mo
9,798 SqFt
UPDATED:
12/29/2024 10:03 AM
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 9,798 sqft
Price per Sqft $153
Subdivision Mi
MLS Listing ID 60361837
Annual Tax Amount $24,492
Lot Size 0.490 Acres
Acres 0.49
Lot Dimensions 169.40 x 125.00
Property Description
This exceptional property combines a 4,800+ square foot medical office space and a fully occupied strip mall in a prime location along Telegraph Road, a bustling commercial corridor. Ideal for investors or healthcare professionals, the property features modern amenities, consistent rental income, and future development potential, making it a unique opportunity. The medical office space is well-equipped and designed for efficiency. It includes four exam rooms, a dedicated infusion center with four chairs, an on-site diagnostic lab, and a spacious reception area with workstations for up to five staff. Additional features include a private conference room, a billing department accommodating three staff, multiple administrative offices, and a comfortable lobby with seating for 20 patients. A specialty room is tailored for sleep study procedures, providing even more versatility. Completing the package is a massive 1,800-square-foot garage, perfect for storage or parking. The strip mall offers a consistent revenue stream from a fully leased grocery store and pharmacy, generating $5,500 per month. Parking is ample, with 54 spaces, and the property features 364 feet of frontage along Telegraph Road for maximum visibility and ease of access. Expansion opportunities abound, with four vacant lots behind the parking area that can be included in the sale. These lots offer an additional 200 feet of potential frontage, opening doors for further development or revenue generation. Infrastructure improvements by the Michigan Department of Transportation (MDOT) add to the property’s appeal. In 2024, MDOT initiated an $18.5 million project to enhance bridges and connectivity along US-24 (Telegraph Road). These improvements contribute to the area’s accessibility and long-term growth, further increasing the property’s value. With its turnkey condition, high visibility, and suitability for a variety of medical and healthcare services, this property is ready to support a wide range of uses.
Location
State MI
County Wayne
Area Taylor (82131)
Zoning Professional Office,Commercial
Interior
Heating Forced Air
Building
Foundation Slab
Water Public Water
Structure Type Brick
Others
Ownership Private
Financing Cash,Conventional
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Listed by S&P Realty