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20980437
20980438

2 Locations

MZ
MI MI6501445702
Skylark Commercial
NB
MI MI 6502431224
Skylark Commercial
Listed by Skylark Commercial
$599,000
538 days on market
Updated 96 days ago

23411 Ryan Rd and 23421 Ryan Rd

Details
Property Type Retail, Office
Sub Type Pharmacy/Drug, Medical Office
Square Footage 3,299
NOI $18,000
Occupancy 50%
Lease Type Gross
Price per SqFt $182
Year Built 1969
Year Renovated 2002
Buildings 2
Stories 1
Sale Condition For sale by owner

Retail | 3,299 SF

Marketing description

We are pleased to present an exceptional investment opportunity with the portfolio sale of two prime properties located at 23411 Ryan Rd and 23421 Ryan Rd.

  • 23411 Ryan Rd (Medical Office Building): This well-maintained medical office offers a prime location with easy access and significant potential for long-term growth. The building is ideally suited for medical professionals seeking a professional, accessible space.

  • 23421 Ryan Rd (Pharmacy): Occupied by a long-term, reliable tenant, this pharmacy property provides a stable source of income. The tenant has been occupied the space for 10+ years, with an annual rent of $18,000, ensuring secure cash flow for the investor.

These properties are located in a high-traffic area with strong demand for medical and retail services, offering significant upside potential for future growth. Whether you are looking for a stable, income-generating asset or a combination of medical office and retail space, this portfolio presents an ideal investment opportunity.

Property Highlights:

  • Prime location with strong market demand.

  • Stable rental income from long-term pharmacy tenant.

  • Opportunity for future growth and value appreciation.

  • Well-maintained, professional buildings designed for medical and retail use.

Listing Contacts

MZ
MI MI6501445702
Skylark Commercial
NB
MI MI 6502431224
Skylark Commercial
Listed by Skylark Commercial

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$18,000.00
$1,500.00/mo

Valuation Metrics

0
DSCR
3.01%
Cap Rate
3.01%
ROI

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Additional Information

Name
Mike Zieldorff
License
MI6501445702
Brokerage
Skylark Commercial Realty
Title
Associate Vice President
Name
Noah Bradley
License
MI 6502431224
Brokerage
Skylark Commercial Realty
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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