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33320814
33320882

33497 23 Mile Road, New Baltimore, MI 48047

TS
MI 6502419472
Michigan Homes Real Estate
Listed by Michigan Homes Real Estate
$1,500,000
3 days on market
Updated 3 days ago

33497 23 Mile Road

Details
APN 15-09-14-300-038
Property Type Office
Sub Type Traditional Office, Executive Office (+1)
Square Footage 12,690
Units 85
Cap Rate 6.25%
NOI $167,820
Occupancy 100%
Tenancy Multi
Class B
Year Built 1990
Buildings 1
Stories 1
Acreage 1.150
Zoning C3
Sale Condition N/A

100% Occupied | Medical & Professional Tenancy | Long-Term Tenant Base

Marketing description

Exceptional investment opportunity featuring a fully occupied multi-tenant professional office building in a prime Chesterfield Township location. Situated along the heavily traveled 23 Mile Road, this well-maintained commercial asset offers immediate cash flow with a diverse mix of established tenants, including medical, dental, rehabilitation, mental health, and commercial service businesses.

The property is currently 100% leased with several long-term tenants demonstrating exceptional stability and tenant retention. Investors will appreciate the diversified income stream, strong occupancy history, and the security provided by professional and healthcare-related tenancy.

Strategically located within one of Macomb County's strongest commercial corridors, the property benefits from excellent visibility, convenient access, strong demographics, and proximity to major thoroughfares. Ample parking and a professional setting further enhance tenant satisfaction and retention.

Whether you are completing a 1031 exchange, expanding your investment portfolio, or seeking a turnkey income-producing asset, this property offers the rare combination of stable occupancy, established tenancy, and consistent cash flow.

Investment highlights

100% Occupied | Medical & Professional Tenancy | Long-Term Tenant Base

Listing Contacts

TS
MI 6502419472
Michigan Homes Real Estate
Listed by Michigan Homes Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$167,820.00
$13,985.00/mo

Valuation Metrics

0
DSCR
11.19%
Cap Rate
11.19%
ROI

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Additional Information

Name
Tammy Schuh
License
6502419472
Brokerage
Michigan Homes Real Estate/Commercial Division
Brokerage Phone
810-771-5933
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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