Swisher Commercial Real Estate

Commercial Real Estate Listings - Swisher Commercial

Call Us Today: 1-734-663-0501

  • Home
  • Agents
  • Properties
  • Services
  • Vacancy Report
  • News & Articles
  • Property Websites
  • Contact
  • Blog
Listings Businesses for Sale
Catylist ID: #30829426

Fully Leased Investment Office Property for Sale in Grass Lake

12369 E Michigan Ave, Grass Lake, MI 49240
Office for Sale
Property Image Expand, 12 Photos
Slideshow Image
Slideshow Image
Slideshow Image
Slideshow Image
Slideshow Image
Slideshow Image
Slideshow Image
Slideshow Image
Slideshow Image
Slideshow Image
Slideshow Image
Slideshow Image
Catylist Listing ID: 30829426
Property Subtypes: Medical, Net Leased, Office Building
Building Size (RSF): 9,792 SF
Gross Land Area: 2.60 Acres
Sale Price: $1,795,000
Unit Price: $183.31 PSF
Ceiling: 26 ft.
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Grass Lake Professional Center
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 2/3/2023

Overview / Comments

Fully leased Class A professional building for sale. Built in 2007 featuring brick construction and a soaring 26' ceiling in the medical unit. Ample surface parking on both sides of the property.

Tenants include Henry Ford Medical since 2007, Edward Jones since 2016 and Pediatric Dentist/Orthodontist since 2022. Henry Ford Health Systems is ranked the second largest hospital system in the state of Michigan and their rent increases annually in February based on CPI.

All leases are NNN. Contact agent for 2023 projected proforma, leases, floorplans. Confidentiality agreement required.

Attachments & Media

  • Sale Brochure 12369 E Michigan Ave R ...
  • Search Swisher Properties
  • Jeff Evans
  • Property website
Contact Listing Agent
  • Print/Download a Brochure
  • Email this Listing
  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn

Financials

Finance Data Year 2022
Real Estate Taxes - Annual($) $26,673 (Annual)
Tax Value Land $506,200
Assessed Value - Total($) $506,200 (Annual)
Actual or Proforma Year Actual

Current Tenants

Tenant Business Name Henry Ford Medical
Tenant Business Name Edward Jones
Tenant Business Name Pediatric Dentist/Orthodontist

Additional Details

Nearest MSA: Jackson
County: Jackson
Taxing Authority: Grass Lake Charter Township
Tax ID/APN: 000-10-34-376-001-04
Zoning: GC, GENERAL COMMERCIAL
Property Located Between: Maute and Sarossy Lake Roads
Property Visibility: Excellent
Highway Access: I-94 and US-127
Airports: DTW, Jackson
Area Description: Located in eastern Jackson County within Grass lake Township, the Village of Grass Lake is surrounded by Leoni Township to the west, Waterloo Township to the north, Norvell Township to the south, Napoleon Township to the southwest, and Washtenaw County to the east. Grass Lake Village lies 2.6 miles south of I-94, which leads to points east and west and provides access to routes which provide north and south access. The Village’s main street, Michigan Avenue, is an important county road that provides access to nearby Jackson and environs. While to some degree the Village is self-sufficient, many residents commute to neighboring urban areas for employment, shopping, and cultural activities. Grass Lake residents enjoy the small town feel while being located conveniently in the middle of the Jackson - Chelsea - Manchester geographical triangle of Southeast Michigan.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 4,650 SF
Year Built: 2007
Year Renovated: 2022
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Ample surface parking.
Total Parking Spaces: 70
Sprinklers: Wet, Dry
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, DSL
Zoning Description: GC – General Commercial This District is intended for commercial development of a general nature near areas where greater concentrations of residential development occur. The designated areas are intended to provide locations for commercial development that might otherwise not be able to locate on the smaller properties within the Village. The General Commercial District Chapter 3 Community Policies and Plans 43 is distinguished from the Highway Commercial District by relying less on auto dependent businesses and providing more services related to township and area residents. Development within the General Commercial District will be planned with specific consideration of such factors as compatibility with surrounding existing and planned land use; traffic safety and convenience; shared driveways and parking areas; consistent site elements, such as signs, landscaping and lighting; roadway improvements, including such elements as turning and deceleration lanes; and other factors that are consistent with the neighborhood and rural character.
Water Service: Well
Sewer Type: Septic
Legal Description: BEG AT S 1/4 POST OF SEC 34 TH S89°25'10"W 1772.81 FT TH N0°01'02"E 1516.71 FT TO POB TH CONTN N0°01'02"E 567.12 FT TH N80°42'43"E 200 FT ALG CL OF MICHIGAN AVE TH S0°01'02"W 567.12 FT TH S80°42'43"W 200 FT TO BEG. SEC 34 T2S R2E 2.60A. SPLIT ON 07/06/2006 FROM 000-10-34-376-001-01;
Back to Overview

View FullscreenMap

Driving Directions / Aerial Imagery: Bird's Eye View | Google Maps | Google Street View

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,486 4,184 8,588
Median Age: 37.7 39.13 41.26
Households: 927 1,580 3,300

Contact

Company Logo
Photograph of Listing Agent

Jeffrey Evans

Swisher Commercial
Contact me about this Listing
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.

Add to Catalog

To which catalog should we save this 1 item?


  New Catalog Name

Example: Industrial Listings for Jim Smith
  New Catalog Description
  Listings will be added to the new catalog and any selected existing catalogs

Catalogs are for Sharing & Organizing

Use catalogs to collect relevant listings or transactions for later analysis, or to share with a client or colleague. Catalogs make it easy to keep track of favorite properties – you'll receive automatic notifications whenever changes are made to the listings in your catalog (price reductions, status changes, etc.)

Listings provided via CPIX using Catylist SiteLink. © Copyright 2001-2023 Catylist. All rights reserved.
By searching this site, you agree to Catylist's Terms of Use