

Listed by KW Commercial Dearborn
$1,350,000
13403 W 7 Mile Road
Details
APN 2201595767
Property Type Office
Sub Type Medical Office
Square Footage 6,200
Year Built 1950
Acreage 0.540
Office | 6,200 SqFt
Marketing description
Excellent investment or owner-user opportunity offering multiple income streams with upside. The property is anchored by Bank of America, which recently renewed its lease for another 60 months, with approximately 65 months remaining plus renewal options, and has occupied the location for over 10 years. The on-site ATM generates approximately $36,000 annually.
The Pharmacy, a strong and thriving tenant in place for nearly 12 years, is secured under a 72-month lease plus options and produces approximately $60,000 in annual rent, with 6% escalations after the current term.
The property also features a fully built-out ~4,000 SF clinic space that is currently vacant, creating an ideal opportunity for an owner-user looking to operate a clinic or for an investor to lease the space. This suite represents approximately $72,000 per year in potential income, bringing total projected income to $168,000 annually, while current in-place income totals $96,000 annually.
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Listed by KW Commercial Dearborn
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Zoning
B2 MixedMixed UseLocal Business And Residential District
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