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$2,000,000
Est. payment /mo
8,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $250
Municipality Commerce Twp
Subdivision Commerce Twp
MLS Listing ID 20251012952
Year Built 2005
Annual Tax Amount $23,000
Lot Size 1.250 Acres
Acres 1.25
Lot Dimensions 275 x 198
Source Realcomp
Property Description
This income property offers immediate upside with 50% of the space leased to a nationally recognized medical tenant under a long-term NNN lease at $26.50/SF with annual escalations. Located on a hard corner in Commerce Township with a traffic count over 24,000 per day. Built in 2005, the low-maintenance, two-story brick building includes an elevator and sits on 1.25 acres with 42 surface parking spaces. The second floor, formerly occupied by a medical user, is currently vacant and features a functional layout with exam rooms, private offices, and a reception/waiting area, making it ideal for owner-occupancy or new leasing activity. Located just minutes from the Novi and West Bloomfield medical corridors and M-5. No Condo Association Fees 100% ownership. Offering price represents 10% cap rate based on Year 1 NOI. For more information and full Offering Memorandum, contact listing Broker. Traffic count according to MPSI 2025 estimates.
Location
State MI
County Oakland
Area Oakland County - 70
Zoning Commercial,Light Industri
Direction Southeast corner of Martin Rd and Richardson Rd.
Exterior
View Y/N No
Building
Foundation Slab
Sewer Public
Water Public
Structure Type Brick
Schools
School District Walled Lake
Others
Tax ID 1713401001
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Listed by OakPointe Real Estate Advisors
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